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A recent SEC filing reveals the reasons behind the company’s name change: “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.“
The company also plans to raise additional financing by doubling the amount of issued shares. The Board of Directors has unanimously approved an amendment to the company’s Certificate of Incorporation to increase the number of authorised shares of Common Stock from 600,000,000 to 1,200,000,000.
The company is currently focusing on the release of the Phantom Lapboard, a keyboard/mouse combo device for PCs, with the Phantom console apparently on the backburner.
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