Ain’t It Cool News drops a bomb on Phantasm fans with a new teaser poster!

Please be true, please be true, please be true…
Is it? Could it be? It looks like it is! Phantasm Archives confirms that Phantasm V has been in production since 2008 and even did a story about it in 2009 along with a picture of Reggie Bannister.
How did we miss that?
Today is a good day to be a Phantasm fan.
Thanks for the update Phantasm Archives!