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Reader Comments (11)

Posted: Mar 29th 2010 4:42PM Barinthos said

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CME really can't catch a break it seems. It's really a shame, I was really looking forward to playing SGW.

Hopefully things settle down and back on track for them.

Posted: Mar 29th 2010 4:47PM Georgio said

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This is further proof that Stargate is not fiction, IT IS THE TRUTH !!! Now I'm 1005 convinced that Goa'ulds took over the board of "Cheyenne Mountain Entertainment" and they destroy themselves because of big egos instead of focusing on world domination. Bugger !!!

Posted: Mar 29th 2010 7:19PM Minouris said

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Dear citizen,

Thank you for taking an interest in "Wormhole: Xtreme". We would, however, like to remind you that this show is a work of fiction - there is no US Air Force program involving travel to other planets, with or without theoretical wormhole devices.

We would request that you desist in these public allegations that there is more to this show than pure entertainment. Failure to comply may result in further action at our discretion.

Sincerely,

John C Gould (defiitely not a Goa'Uld)
Top Secret Entertainment
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Posted: Mar 29th 2010 4:51PM LaughingTarget said

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I wonder how much money they wasted buying that giant Stargate decorative piece and how much they would get for selling it on eBay.

Posted: Mar 30th 2010 4:43AM Dread said

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From memory its over $50 million in startup/development money Whiting has managed to fraudulently piss away in one way or another with nothing to show for it other than a hastily rushed out half arsed attempt at a FPS game with Stargate Artwork...something they only started cobbling together less than a year ago after they ran out of money for SGW and most Devs buggered off after not being paid for months.

Given Whitings track record of shady deals, pyramid schemes, siphoning money out of the company etc this latest scam is not surprising in the least.

SGW died about 2 and a bit years ago....Whiting is just dragging he corpse around Weekend at Bernies style to scam more cash out of suckers before the carcass falls apart.
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Posted: Mar 29th 2010 6:17PM (Unverified) said

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From what it looks like to me, and this is my opinion, some of the CM guys needed a way to get money and no one would invest in CM. So they formed this outside company for the sole reason to be able to get loans and backing while not with the CM name. The option is there to buy back because they fully intend to just keep business as usual at CM.

To me it seems shady as hell. Shady business dealings is keeping with the whole upper management of this company. I would never deal with these guys, and I will never buy their products. They some how acquired a good license and now they're doing everything possible just to keep it from slipping from their hands. It will not end well for anyone.

Posted: Mar 29th 2010 6:24PM LaughingTarget said

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The term is called Special Purpose Entity. This is the method that Enron was able to screw investors. It's still perfectly legal, mainly because if it was made illegal, various governments would be unable to provide the various functions they do now since the banking industry in every nation relies on this particular business relationship and is used to fund a significant portion of the social programs of all major nations.
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Posted: Mar 29th 2010 9:13PM (Unverified) said

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Shady? depends on whether these are the good guys or the bad guys. It's possible that this is a way to get the assets away from any problems with CME's past investors and management. Essentially, a new indie studio is being formed with an IP that is still popular and running, and to me that opens up room for hope.
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Posted: Mar 29th 2010 7:38PM BubleFett said

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Another one bytes the dust
Say good bye SGW mmo

Posted: Mar 29th 2010 8:06PM Inspectah said

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Sigh, I hate seeing things like this because it makes the reality of having SGW that much further away. i was really hoping they would pull through.

Posted: Mar 30th 2010 2:14AM ViRi said

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The stargateworlds web page now redirects to Firesky Studios.
That was quick. However using google i can still see their forums and other site areas.

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