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A little smile just crossed my face, until I remembered how much I lost dealing with these clowns. If he has a Porsche or other luxury sports car I will take that as payment for being swindled.
Awesome! Makes me feel better about my $48,000 lapboard sitting on my bookshelf.
Timothy Roberts, Terrance Taylor indicted by the SEC over Savtira
Securities and Exchange Commission v. Timothy M. Roberts, Terrance F. Taylor, and Craig Constantinou, Civil Action No. 8:15-cv-2093-T-17-MAP (M.D. Fla., filed September 9, 2015)
http://www.sec.gov/litigation/litreleases/2015/lr23339.htm
According to the SEC's complaint filed in the U.S. District Court for the Middle District of Florida, Timothy M. Roberts and Terrance F. Taylor, Savtira's former CEO and CFO, lied to investors about Savtira's likely profitability, including by misusing a valuation that was predicated on false and misleading revenue projections, and failed to tell investors that Roberts already had a disciplinary history based on his settlement in an earlier and unrelated SEC case against him. Roberts and Taylor described Savtira, in both marketing materials and presentations to investors, as a highly-valued enterprise with patented technology and hundreds of millions of dollars in projected revenues. In reality, however, Savtira was insolvent and had minimal revenues.
Tim Roberts sighting.
After the failure of Savtira, Tim Robers re-appears as the CEO of CloudWebStore and StationDigital.
"Valuesetters is a company whose vision for the future of Internet games is revolutionary and disruptive to the status quo, and certain to be successful," said Tim Roberts, CEO of StationDigital and CloudWebStore. "In that sense, they are a terrific partner for us, with a bright and experienced management team that has a proven track record for being ahead of its time in evolving technology markets. We are very pleased that Valuesetters recognized in CloudWebStore the best available eCommerce platform in existence, and chose to channel its booming growth through our eCommerce offering and our state of the art digital media platform StationDigital. We look forward to growing with them in the years ahead."
just posting this for anyone who is still waiting with a millions of shares or more for relisting. Lurkers are everywhere. You still own the stock. It has not been removed from my account yet anyway... Will it be relisted? who knows. If the product takes off the company may be viable, Internet TV is just getting started. I'm more of a game pad fan but the key/mouse users are everywhere. more for internet based TV couch potatoes anyway.
Still watching from a distance, good luck to anyone still holding for the miracle.
From the Blog beginning of 2010 ...
Questions / Answers
Is my stock worth anything?
You own it, it doesn’t automatically disappear. We plan to reenlist ASAP, but we have to bring our balance sheet back to the black in order to do so. We are keeping the same or better structure with our shareholders, we’ll see what’s possible when that time comes.
Are we relisting? When?
As soon as we have the financial ability to do so.
---------------
Bankruptcy judge orders liquidation for Savtira
Savtira Corp. has lost its fight to remain alive, at least for now.
U.S. Bankruptcy Judge Catherine McEwen converted Savtira’s Chapter 11 filing, a voluntary effort to reorganize its finances, to a Chapter 7 case, or an involuntary liquidation.
Tim Roberts, CEO of defunct Savtira:
Savtira has 14 days to come back to the court to reconvert the case to a Chapter 11 bankruptcy, if the company can find funding to pay creditors.
http://www.bizjournals.com/tampabay/news/2012/07/26/bankruptcy-judge-orders-liquidation.html
55 Chevy, Thank you for answering and I am glad your still around. I sent them a couple emails with no responce. I wonder if they truly have any plans to expand their product lines or it's just a wild dream or thought. This could be just a line from him? But let's hope it's true.
You were always in the know more than me in this company, so I will wait until December 1st of 2013 for the tax write off. I have a lot of money unfortunately in this stock. Over the $3000 a year limit for tax write offs.
The most receient info. that I saw was June 30th. People are still asking about re-listing. The company reply was that they needed to expand the product line and that will take time, and time is all I have left. I will not cancel my shares with a tax write-off yet. They do not have the money to support a listing, yet. That word yet is a very BIG word. John used it in a reply to me quite a while back. Yet does not mean never.
Sorry that I've been away so long.
I do not plan on taking a tax write-off yet.
55 Chevy, are you going to take a tax write off this December on PHEI for next years taxes? Have you heard anything more? Thanks in advance.
Another Tim Roberts company in deep troubles again.
Tim Roberts founded Infinium Labs, which became Phantom Entertainment after TR was forced to leave because of the fax blasts affair.
Tim Roberts then founded GameStreamer. He lost financial control of the company and was ousted by the new investor. A lawsuit ensued.
Tim latest company, Savtira, was apparently enjoying a modest success, but has been forcefully closed down by the Department of Labor. There is some silly law saying you cannot operate a company without paying your employees. Savtira was 3 months late with its paychecks.
http://www.bizjournals.com/tampabay/blog/morning-edition/2012/04/savtira-staff-sent-home-after-labor.html
Savtira CEO pledges to persevere despite adversity
http://www.bizjournals.com/tampabay/blog/morning-edition/2012/04/in-print-savtira-facing-suits-labor.html
Thanks for the tip.
Your welcome Phantom. I feel if they do not relist by the end of next year, it's not going to happen. And I think I need a big tax write off next year as a oil pipeline penny stock is looking great and thinking it might take off in a few months. The ticker symbol is ZERO if you wanted to look at it. The US Dept. of Energy and the oil consortium paid for 1/2 of the recent tests to prove it worked! Should save and make the oil companys billions more each year. They just tested the prototype, and are going to make slight changes and retest. Should be ready to go after that. Their website is www.stwa.com
Thanks... I called my Wells Fargo broker and we basically sold it for a loss, so I can now write it off on my taxes. However, I did keep some stock in another account just in case they relist, which I really hope is the case. Thanks again for your help.
Phantom13, Yes you can claim it as a loss on your income tax. Scottrade has a special form you fill out for this, then they will send you something to write off for your taxes. Your broker may be simular.
The chances of them re-listing is so small and doubtful, so I personally am giving them until December 2012 do do so. If they don't, then I am going to take my tax write off then. No one has a crystal ball but I am a long time stock holder on this. You have to decide for yourself what's best for you. JMO
So what should those of us holding the stock do? Can we even claim a loss on this on our income tax? Any guidance would really be aprreciated. Thanks
Here's how I see it. The Stock is a Penny Stock with many millions of shares outstanding. The company is overvalued and will be even more over valued if it were to list again and the stock price rises. Right now the company is in a position to sale the lapboard and make a profit and even sell the company to another company who might see value. The current owners and only the owners will possible see a payback. The share holder rolled the dice on a penny stock and lost. It's time to move on.
55 Chevy, have you heard any more talk by the CEO or anyone about them trying to get the stock reinstated next year? What was the last thing you heard, and when.
As always, thanks!
Yeah I still check the board 55Chevy. Thank you for sharing the information.
Great write-up about the Phantom Lapboard on Blog-Facebook !!! OnLive is PROMOTING the Lapboard !!! I view this as Big new. If a contract developes so that for every OnLive subscription a Phantom Lapboard is included, that would indeed be Bigger news !!! The internet is the future of TV. The Phantom Lapboard fits hand-in-glove !!! Keep striving John !!! I was really impressed with the OnLive article !!!
55 Chevy
Just touching base, is anyone still here ???
55 Chevy
It would indeed be a joyous time !!!
55 Chevy
55 Chevy, I agree and appreciate your due dilligence. I learned it came back to life from you on this board and found out where to check for more. I just don't have much hope on this stock as I do on a couple others. Although it's not really a stock any more is it? If it does get reinlisted, major party time!
truethat---all we can do is wait. I know John wants it to be successful, and is trying. If it doesn't work out, John said chapter 11 is an option. Life goes on. Just keep in touch here, in case something happens !!!
55 Chevy
WHAT, this stock has NOT been re-enstated!? SHOCKING, absoulutely shocking! Not
Although the current CEO is better than the previous and has brought a little life to this Company. I do not think we will ever get reinstated. All that money down the drain. Wonderful
Hello 1-option. Been here since 2005. Great product and CEO. The big problem is they aren't trading right now. It's been a bumpy ride, everyone's hope here is that management can bring this back to market !!! Check out their blog for info. We do in fact have a great product and I believe it will catch on. Goldsands may still come back. Time will tell.
55 Chevy
55 Chevy I give you props for finally getting your money out of that pump and dump CMIN! What made you see the light?!
Also, this company doesn't look half bad. Atleast the have something tangible to invest in. Nice find! I may actually buy on of these for myself (using the funds I profit from my massive short position in CMIN of course
Just wanted to send out a "hello" to all the members here. I'm a newbie to the blog but a shareholder since 2004. Perhaps one day they will be worth something...ANYTHING at this point.
Just checking in also. It sure would be UPLIFTING if John would at least give us a word of encouragement concerning SALES !!! He wouldn't need to give specific numbers, just to say sales are moving well, ect., ect. No words of encouragement makes us DRY !!! As for QE-3, my opinion is we'll see it end of this year or at the latest 1st Q of 2012. Some guys are even talking sooner !!! QE-1 and QE-2 neither of which gave us "Green Shoots" or a Recovery !!! There are still no jobs !!! My encouragement is --- buy gold and silver, and related investments !!!
See Ya
55 Chevy
checking in. Any thing looking forward?
Any E3 goodness for us? I think they're big enough to represent the board.
Phantom Lapboard is now one of the top 8 best gaming keyboards to buy---on Amazon.
55 Chevy
Hi ROTOHEAD3 and CraigD---I'm still around also and will be forever !!! We have nothing to lose and everything to gain !!! I reciently asked John about sales numbers and as yet have had no reply.
55 Chevy
I'm still about chevy55 ...
Still check in from time to time. Maybe it will work out some day.
The only footsteps I want to hear are customers running to buy the product !!!
55 Chevy
Eventually, when the tide changes, Craig D will be back, along with many others !!! I'm getting itchy for some sales info. from John !!!
%% Chevy
I second that 55 Chevy! Yeah Phantom Craig D used to be a regular on here.
Here are the posters since July 2010. Phantom Craig D, Cozmo, Rotohead 3, Shukuchi 47, Krays, Truethat, Apache Gamer, Ribaardack, Scarpot, Phantom 13, and 55 Chevy. All it would take is some really good news and this board will lite-up !!! Come-on John---Make it happen !!!
55 Chevy
I have nothing to lose. To be honest, I've never looked into if there is a time limit to claiming the tax deduction. Have any of you guys looked in to it ? John hasn't put out any info. on how sales are going, as yet !!! I wonder how many people visit this board but don't post ? It sure would be nice to hear from more people !!!
55 Chevy
Ok... I think I will hang on to mine also with you guys. I wonder how many shares we all have out there?
I will hang on to my shares !!!
55 Chevy
Phantom13, Since I have not actually done this, I am only guessing. I think you need to call your brokerage and have them to a special process and give you paperwork for your taxes afterwards. I had briefly talked to mine last year about this, but decided to wait one more year.
How does the tax loss write off work, since this stock is no longer listed and we can't sell it?
I-Hub indicates 44 followers, where did they all go ? It would be great if more people would join in.
55 Chevy
Thanks truethat.
55 Chevy
55 Chevy, you may be right about John. He has been the only one to make progress with this company especially in sales, but he is also the one who let it get delisted. But maybe he did not have much choice at the time? I hope your right.
Best wishes in your investments
Thanks for the reply truethat. I will check out the info. you gave. I do not own a board. When the time comes for us to replace our TV with a new 3-D flat screen, complete with internet hook-up, that would be a good oportunity for us to get one. I'm retired now and don't play games on the computer or TV. I liked the company's origional idea, and also like the lapboard idea. I would be thrilled to see them bounce back and beat the odds. I also believe (HONEST) John is the guy who can make it happen. Good luck in your future investments. See Ya.
55 Chevy
55 Chevy, my sister in-law are in more than I would live to admit. This is the stock that caused me to start doing better due dilligence as I was a new investor when I first bought it.
It would would be nice to hear those sales numbers you asked for on the blog.
I now find blue chip stocks with good charts and right timimg better suited for my taste. If you like penny's check out "ZERO", it's an OTC and their website is www.stwa.com and check out the news section in the top right and read the investors newsletter and update. The us dept of energy along with the oil consortium is testing out their AOT product when can get the oil moving along the oil pipeling a lot faster, cheaper, and with out adding additives, so less processing. The tests are going on right now, and could finish in June sometime. Since the oil consorteum is made up of a lot of the oil companys and suppliers and such, the customer are built in because they are paying for half the test.
With PHEI I am hoping for the best and dealing with the rest. If they do not reinlist by end of next year, I will take the tax loss write off. Although I am not holding my breath on this, i see they are making some progress. Do u own a board? How are they to use if u do?
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Phantom Entertainment, Inc.
Attention: Controller
PO Box 510595
Punta Gorda, FL 33951
(866) 452-9883
Sarasota Office, Re-opening
Business Development
2033 Main St
Sarasota, FL 34237
Phantom Blog
http://pheiblog.wordpress.com/
Web Store opened!!
http://www.store.phantom.net/
Game store looks ready!!
http://phantom.net/game-store/index.html
About Phantom™ Entertainment, Inc. |
About Phantom™ Streaming, Inc. |
About GameStreamer™ , Inc. |
JOHN LANDINO - CEO Rainmaker with strong leadership skills and over fifteen years of broad experience in fast paced entrepreneurial environments, managing sales departments through all phases of the business development and working with Fortune 100 corporate as well. Specialties: • Develop & Teach Sales Skills
RICHARD ANGELOTTI Richard Angelotti currently serves as the CEO of Angelotti & Rosenberg Financial Group. Has over 12 years of experience as a financial advisor, and has held executive positions at Northern Trust Bank of Sarasota, Bank of Boston, UBS Paine Webber, and Morgan Keegan.
|
CONSULTANTS JAMES DIMEO - Web Master James DiMeo is a highly skilled graphic and web designer that has just recently been added to the team. He has worked for one of the largest healthcare providers in the US, Aetna Inc, as a web administrator for the National Provider Communications Intranet webportal. While at SRA International, Jim worked as a junior programmer, coding newly designed trainning modules for our troops overseas. James also has expertise in computer networking and maintaining servers for small to large companies while at 1and1 Internet. In addition to computers and design, Jim has a strong passion for photography and regularly shoots models for fashion and glamour ads.
TERRANCE TAYLOR - Controller |
Latest News:
Phantom Entertainment Launches Highly Anticipated Game Store; Company Secures Funding for Innovative Lapboard Production
Monday December 15, 10:00 am ET
TAMPA, Fla., Dec. 15 /PRNewswire-FirstCall/ -- Phantom Entertainment today launched its highly anticipated online game store, located at gamestore.phantom.net. The game store features an impressive catalog of over 2,600 PC games including top sellers like Fallout 3 and Far Cry 2. The store allows for outright purchasing of video games or try before you buy, and features level 4 merchant abilities. It uses a highly advanced content licensing management system to track all games purchased, so once a game is paid for and downloaded, the user owns the license forever and can return to re-download the game in the future without incurring additional cost.
(Photo: http://www.newscom.com/cgi-bin/prnh/20081215/NEM037 )
Source: Phantom Entertainment, Inc. | ||||||
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This is all made possible by a strategic partnership with GameStreamer, Inc. and their Enterprise Class Gaming Network built on top of Savvis Communications Tier 1 backbone and data centers. GameStreamer is diligently working on implementing technology to enhance its offering and providing unparalleled service to its users. Some of the enhancements will include a streaming system, subscription support, rentals, timed trials and complete automations with its content and distribution partners.
Phantom Entertainment is also announcing today that they have secured financing and have placed an order with its contract manufacturer to mass manufacture the Phantom Lapboard. The units will be arriving in January and be available for purchase on the Phantom.net website. Phantom Entertainment has been working diligently to address the needs and concerns of large big box retailers and OEM manufacturers to deliver upon their expectations of building an order history. The Lapboard is positioned to be the selection of choice for the evolving market for digital media centers, set-top boxes and devices in the living room or automobiles. Phantom Entertainment's mission is to deliver our lapboards with the highest quality and customer satisfaction.
18-Aug-2008
Entry into a Material Definitive Agreement, Other Events
Item 1.01 Entry into a Material Definitive Agreement.
Asset Sale Transaction
On August 11, 2008 and subsequently amended on August 15, 2008, Phantom Entertainment, Inc. (the "Company") entered into an asset purchase agreement with Phantom Game Service, Inc., a Delaware corporation, pursuant to which Phantom Game Service, Inc. will acquire from the Company, the assets comprising the Phantom Game Service (a video game delivery system designed to allow consumers to search, preview and play a large selection of video games on demand via a broadband Internet connection) if no bids, deemed better than Phantom Game Service, Inc.'s bid, to purchase the Phantom Game Service are received from other potential purchasers within thirty days of August 15, 2008 ("bid period"). If a bid deemed better than Phantom Game Service, Inc.'s bid is received from another potential purchaser within the bid period, that potential purchaser will have sixty days from August 15, 2008 to close on the transaction.
The agreement with Phantom Game Service, Inc. provides for the payment in cash of a base purchase price of $65,000; the Company to be issued 49% of the authorized shares of Phantom Game Service, Inc.; the Company to receive 7% of the annual gross revenue from Phantom Game Service, Inc.'s online game sales through the Phantom Game Service software and, on the third anniversary date of the agreement, Phantom Game Service, Inc. shall pay $100,000 to license certain trademarks for a term of 99 years.
7/22/2008
Phantom Lapboard Keyboard and Mouse Review
http://www.extremetech.com/article2/0,2845,2326275,00.asp
First Look: The Phantom Lapboard
Released 4/25/2008
http://www.maximumpc.com/article/first_look_the_phantom_lapboard
January 10, 2008
Phantom(R) Entertainment Selects Concept Associates Limited for Corporate Identity and Packaging Design
PORT CHESTER, N.Y., Jan. 10 /PRNewswire-FirstCall/ -- Phantom(R) Entertainment, Inc. (Pink Sheets: PHEI) announced today the Company has selected and engaged Concept Associates Limited to provide corporate identity and packaging design for the marketing launch of Phantom(R) Wireless Lapboard and Phantom(R) Wireless Laser Mouse.
Concept Associates Limited is a UK-based graphic design and marketing group, which has provided graphic design and marketing support services for more than 25 years to a broad base of clients in the UK and USA.
'We are proud to be part of the process in re-launching this innovative and exciting product to market and are looking forward to a strong and progressive relationship,' noted Peter Lewis, Managing Director of Concept Associates Limited.
Concept Associates' reputation and experience recently led to its selection to provide branding for Information Technologists' Company (ITC), a UK company granted livery status in 1992, becoming the 100th livery company of the City of London. ITC's membership includes more than 650 leading IT practitioners from all sides of the IT sector - suppliers and users, hardware and software - from established multinational companies to newly created start-ups.
Phantom Entertainment is displaying its Phantom Wireless Lapboard and Laser Mouse this week at the 2008 Consumer Electronic Show (CES), with Ione Technologies, at Exhibiting Booth: Sands 73240, Jan. 7-10, 2008, in Las Vegas.
January 2, 2008
Phantom(R) Entertainment Provides Operations Update
Phantom(R) Lapboard Slated for Exhibit Jan. 7-10 at 2008 CES
PORT CHESTER, N.Y., Jan. 2 /PRNewswire-FirstCall/ -- Phantom(R) Entertainment, Inc. (Pink Sheets: PHEI) today provided an operations update.
The Company will display its Phantom Wireless Lapboard and Laser Mouse at the 2008 Consumer Electronic Show (CES), with Ione Technologies at Exhibiting Booth: Sands 73240, Jan. 7-10, 2008, in Las Vegas. The show is expected to draw more 140,000 industry professionals, including from 2,700 exhibitors. CES is the world's largest tradeshow for consumer technology.
The Company is continuing to work with Linley Management S.A. to meet financing requirements to fund manufacturing and marketing of the Phantom(R) Wireless Lapboard and Phantom(R) Wireless Laser Mouse.
The Company is working closely with its contract manufacturer, Ione Technologies Inc., to meet manufacturing production schedules for shipping Phantom Lapboards to Alienware for bundling with its PC Media Center.
The Company is continuing sales planning for Q-1 /08 for distribution of the Phantom Wireless Lapboard and Phantom Wireless Laser Mouse through Global Marketing Partners' distribution channel with Ingram Micro Inc., the world's largest technology distributor and a leading technology sales, marketing and logistics company.
The Company is continuing sales planning for Q-1/08 with Westex Europe NV to serve the E-Commerce, IT peripherals distribution, retail sales channels and (OEM) Original Equipment Manufacturers throughout the European territories.
SEC filings:
http://www.sec.gov/cgi-bin/browse-edgar?company=&CIK=phei&filenum=&State=&SIC=&owner=include&action=getcompany
Some Of The Products Currently Available:
http://www.phantom.net/content/products/pdfs/ProductSheet.pdf
http://www.phantom.net/content/products/gamingService.html
Transfer Agent:
Corporate Stock Transfer, Inc.
3200 Cherry Creek Drive South
Suite 430
Denver, CO 80209
(303) 282-4800
Estimated Market Cap
$1,429,281 as of May 5, 2009
Outstanding Shares
2,041,830,571 as of Mar 5, 2009
Authorized Shares
2,400,000,000 as of Mar 5, 2009
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