Infinium Labs Rises from the Dead
Infinium Labs shocked critics on Wednesday by announcing they had secured $5 million in funding through Golden Gate Investors. CEO Greg Koler had indicated last month that their Lapboard needed $2 million for launch.
Not surprisingly, the stock rose as much as 70% before dropping back to the penny level. The subsequent drop had more to do with the predicted dilution from the deal than profit-taking.
Going forward, Infinium Labs should be a daytraders dream in 2006 as volatility should return to 2004 levels.
At only $.0185 from this publication time, investors should be rewarded for their patience as launch announcements flood the PR waves. Want a 2006 double? Infinium Labs is well worth the risk. The company is in its best financial shape since 2004, yet the stock is at a fraction of the cost. Launch of the lapboard should push this OTC penny stock to >$.10 levels. Hype alone may be worth investing in.