People didn't ask about the IENT SS because we already know. There are 200M A/S with 180M common and 20M preferred. IENT is registered in Delaware and always has been. The float is around 12M.
And I have done my research! There is not a single OTC company with a management team like this.
Danny served as Senior Vice President of Value Line Publishing for North America at Activision Blizzard, Inc. Mr. Hammett served as President of Activision Value Publishing Inc., a subsidiary of Activision Inc. since December 1, 1999.
Mr. Hammett served as Executive Vice President of Activision Inc. since October 1998. He joined Activision from Head Games Publishing (acquired by Activision Inc. in June 1998) where he served as President and Chief Executive Officer from its inception in 1994. From 1987 to 1994, he served in various executive management capacities with Lasersoft Corp., Caere Corp. and Insight Marketing. After leaving Activision, and the expiration of his non-compete, Mr. Hammett joined Vivendi Universal Games as Executive Vice President where he created the Value/Casual Games Division managing all console, PC, and online product management, acquisitions, budgeting, and legal affairs. He departed Vivendi in 2006 to found Divergent Entertainment, Inc. He serves as Director of TWL Knowledge Corporation. He served as Director of TWL Corporation since February 2008. Mr. Hammett earned his Bachelor's Degree at California Polytechnic University, in San Luis Obispo.
An estimate to bring IENT up to date on financials will run around $50K. Those funds are better spent on launching the new game.
IENT has over 20 sponsors under contract and they are paying to have their products included in the games.
You call it a P&D - if you want to see a P&D in the gaming industry take a look at OBJE. It is a failed blue jean manufacturer that did a R/S last fall and morphed into a gaming company. It was at .28 when they did a series of fluff PRs and it ran to $2.10 on nothing. They have debt from their clothing company failure along with convertible notes.
JW Stealey founded IENT, took it public and then sold to a venture company. They destroyed it, failed to update the games or produce new ones. JW and a group of friends from YPO (Young Presidents Organization - http://www.ypo.org/) got together and bought IENT back. He has spent years cleaning up the debts and mess. This is his baby and he is now the Chairman of the Board.
JW Stealey and his wife Denise. This is what the COB should look like!
These are his games!
Chronology: 1970 -- Graduated US Air Force Academy Flew Military Aircraft from 1970 to 1985 as a USAF Pilot He was a management consultant with McKinsey and Co. in New York. city. 1982 -- Founded MicroProse Software with Sid Meier 1991 -- Took MicroProse Software public 1995 -- Founded Interactive Magic (iMagic) 1999 -- Took Interactive Magic (iMagic) public 1998 -- iMagic changed name to iEntertainment 1999 -- iEntertainment, stepped down as CEO 2002 -- renamed CEO of iEntertainment 2007 -- Founded ThrillerNewMedia JW retired from the Air Force Reserve with the rank of Lt. Colonel and Command Pilot.
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