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Investor Lawsuit against Garvick/CME/MMOGULS & Whiting
General Discussion « Stargate Worlds 9/16/09 5:31:07 PM
Yellowperil, While it's not so easy to do, it can be done. See some new uploaded documents here. The first one is Robert McKell's reply to memorandum of points. Fromt here, you can follow the money and see that his investor deal is tied to both MMOGULS and CME. Because the two companies are tethered together for the success of MMOGULS, it is in the plaintiff’s best interest to control 1) the company the money goes into (Garvick), 2) the company that is producing the moneymaker (CME) and 3) the company that is going to make continued money thereafter (MMOGULS). The McKell’s were promised revenue from both CME & MMOGULS in addition to CME Stock. |
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Investor Lawsuit against Garvick/CME/MMOGULS & Whiting
General Discussion « Stargate Worlds 9/15/09 8:09:12 PM
Originally posted by yellowperil
Just because a group of investors gives you some money, does not mean get you get to do with it what you please or they please, especially if you have a garnishment or a judgment out against Whiting, CME, MMOGULS, etc. CME owes some serious cash to many. |
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Investor Lawsuit against Garvick/CME/MMOGULS & Whiting
General Discussion « Stargate Worlds 9/15/09 2:19:34 AM
Originally posted by Zhiroc
Yeah, we have no idea what Nedra's true intentions are. I could only hope it is to finish Stargate Worlds (and not battle deadlands or whatever). I can understand their frustration in that they had this whole deal all set up as a win (coming in and rescuing Gary from non-payroll #1), and because of Gary’s inability to keep his hands out of the cookie jar, it completely fell apart. |
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Investor Lawsuit against Garvick/CME/MMOGULS & Whiting
General Discussion « Stargate Worlds 9/15/09 2:13:50 AM
In digesting the pleadings, I am enjoying how Gary Whiting likes to twist things into his favor. First, Whiting makes it seem like Brent Barton stole the business plan and key employees, and there after Whiting had to then deal with Jeff Knowles trying to steal his MMOGULS money too. When in reality, Gary first removed unauthorized money from MMOGULS causing the waterfall effect of Brent bolting and Jeff Knowles withholding funds due to the large amount of chargeback’s they were expecting. Isn’t that a form of perjury? Of course, he could always say he got his dates confused I suppose. |
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Investor Lawsuit against Garvick/CME/MMOGULS & Whiting
General Discussion « Stargate Worlds 9/14/09 3:31:48 PM
No update on what happened in Court today, but it is true. CME is fighting for its life and has been since mid July 2009 when the court proceedings started in Utah. They are indeed looking to oust Whiting from all his companies. While I don’t have all the court documents copied (Whiting's filing is one big whine fest), you can find a good splattering here: http://www.scribd.com/doc/19743774/CME0001
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Investor Lawsuit against Garvick/CME/MMOGULS & Whiting
General Discussion « Stargate Worlds 9/13/09 6:26:04 PM
Originally posted by Zhiroc
From what is posted, Gary Whiting’s defense does not want to allow what Utah has already given Nedra because of a FRAUD. This can be many things, but simply it can mean 1) extrinsic fraud if it was produced by outright fraudulent tactics (such as bribery of judicial officers which is doubtful) or 2) Gary is accusing Nedra of producing fraudulent documents or lies (perjury) to which she won her case in Utah allowing the order originally entered (Oh, Mr. fraud accusing others of fraud! How exciting!) TRO = Temporary Restraining Order which among other things, freezes the defendant’s assets, requires preservation of documents, etc. and is in preparation for a RO (receivership order) which actually grants a plaintiff to take control of said assets. If this goes through, she'll have control of whatever investor money is in an account when granted! |
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Stock holder of CME trying to get people to buy stocks and fund CME
General Discussion « Stargate Worlds 9/12/09 3:43:19 PM
I have to keep biting my tongue not to share what this month's news from CME before they do. What I can say is prepare to be underwhelmed and disenchanted with CME’s announcement this month. (if they get to make an announcement -- Nedra's big hearing is on Monday!!) While they will say work continues on SGW, lies. SGW is so far on the back burner with so many ‘ifs’ to make it happen. Moreover, all the real industry luminaries are no longer with CME. You will not see them bringing Chris Klug back from PA, etc. Instead they brought back the Art Director that made the horrible looking avatars for Hand Crank's prototype (digging to find my screen shots) and is now overseeing the art on SGB, etc. Why couldn’t they just promote that Jake dude? His stuff looked so much better. At current counts, the amount of administrative staff and "director" type people who collect the larger salaries (does not mean they produce work) outweighs those who can actually do any real game developmen. CME’s business plan to stay afloat is still severely flawed. |
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Stock holder of CME trying to get people to buy stocks and fund CME
General Discussion « Stargate Worlds 9/11/09 11:21:34 AM
Originally posted by Zhiroc
Maybe it was one of the Doctor's with cold feet trying to get a portion of his investment back. Or, another shoddy investment shyster hired by Gary to pimp CME shares to anyone with a pulse. Yeah, scenario no. 2 seems more likely. |
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Stock holder of CME trying to get people to buy stocks and fund CME
General Discussion « Stargate Worlds 9/10/09 6:27:02 PM
Did anyone get that guy's phone number? Damn, I hate when I dont do screenshots. Advertising the sale of stock on a non-publically traded company has CME violating Security & Exchange Commission Rule 506 again! p.s. Ascendence Capital still has those confidential documents up on the web for everyone to see. Since the crack team is back at work, maybe they can take care of that and get the CME webpages updated with the 1 or 2 executives that are left. LOL. |
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Stock holder of CME trying to get people to buy stocks and fund CME
General Discussion « Stargate Worlds 9/10/09 1:39:36 PM
Looks like the 1 Million only paid off the licensing and some of the back debts due (without putting a dent into any of it). I doubt they have paid much, if any, of the millions of dollars CME owes in back payroll taxes. And I find it hard to believe the Doctors got that much control over expenses with only a 1 Million contribution. I'm doubting it was that low. So they are surviving paycheck-to-paycheck on selling penny stock? Why on earth would anybody go back to work for them without the guarantee of a paycheck. Nice find! Is anyone going to call Mr. Masters? |
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Investor Lawsuit against Garvick/CME/MMOGULS & Whiting
General Discussion « Stargate Worlds 9/07/09 12:10:02 AM
Originally posted by kadevolpi Gary Whiting and most of the CME staff do a fine job of doing what you mentioned all themselves (skirts around the ban stick). Thanks for sticking your neck out to give us an update. |
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A team of crack developers does not a successful project make.
General Discussion « Stargate Worlds 9/05/09 5:20:27 PM
Why is Joe Unger’s portfolio page so important to the future of SGB/SGW you ask? Well, let me tell you! Oh and you should probably grab copies of the screen shots as I’m sure {mod edit} Shane will have him take down this site soon. |
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A team of crack developers does not a successful project make.
General Discussion « Stargate Worlds 9/03/09 7:59:44 PM
A little birdie told me today at our lunch that they are doing the same thing with Stargate Battles with Deadlands.... in fact, Deadlands Battles! |
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Investor Lawsuit against Garvick/CME/MMOGULS & Whiting
General Discussion « Stargate Worlds 9/02/09 5:24:21 AM
IT IS ORDERED staying these proceedings until September 14, 2009.
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A team of crack developers does not a successful project make.
General Discussion « Stargate Worlds 9/02/09 12:11:21 AM
Apparently, my voice on the matter is old. I hit the old investor blog (stargateworldsinvestors.blogspot.com) and saw that T. W. Anderson is of the same opinion, just more eloquently said, but right on target: Well, from the posts today from Tkksnow on the official forums we can see this: With the scope of the project(s) scaled back, and the correct human resources capacity, we're no longer working on a mega-blockbuster MMORPG budget. There's a skilled, small group of crack developers working. It's arguable that this is how it should have always been (but I would have never been here to begin with then). In the past, people in the company talked up the investment funds. It's something we can't hide when things stalled out. Yes, there was a ton of money invested. And I think we discovered, it doesn't have to be like that again to produce.
Secondly is the comment that they are no longer working on an AAA budget. In other words...SGW is dead in the water. If anything is released, expect it to be sub-standard, sub-quality, and not to expect anything for at least a year, because with such drastically reduced numbers and all of the REAL developers moving on to other projects CME is left facing the reality that the only people they can afford to hire are either people who have other means of staying afloat (large bank accounts) and the willingness to risk another 2-3 years of their careers on a game that will never be anywhere close to an AAA title, or interns or newbies who are willing to work for little/nothing. In both cases it boils down to the same thing: they don't have more than 10-15 people working on the game. And while that might have worked 10 years ago for games like Ultima, we are in the 21st century. If you want to make an AAA title and have it be successful you have to invest 80+ million dollars and have that money be spent on ACTUAL development of the IP...not on random crap that has nothing to do with the game. In the meantime, CME has released information on their forums that they are coming out with a different game in the meantime...another Stargate game that is taking precedence over what used to be their flagship product, the Stargate: Worlds project. In other words...they blew all their money in bad investments and are now trying to recoup their losses in any way possible...by releasing a sub-standard non-MMORPG product simply to try and make a few dollars to keep their "crack" team of interns and newbie developers working.
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A team of crack developers does not a successful project make.
General Discussion « Stargate Worlds 9/01/09 11:45:21 PM
Lets take a look at what tkksnow had to say today: With the scope of the project(s) scaled back, and the correct human resources capacity, we're no longer working on a mega-blockbuster MMORPG budget. There's a skilled, small group of crack developers working. It's arguable that this is how it should have always been (but I would have never been here to begin with then). Interpreted this means: We don’t have enough people to put out a quality game, even after cutting features left and right. Our ‘skilled’ (people with little game experience that stuck around during our no-pay period) are spinning their wheels, working long hours to help further Gary’s ponzi scheme before the lawsuits hit and we're out of money again. |
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Investor Lawsuit against Garvick/CME/MMOGULS & Whiting
General Discussion « Stargate Worlds 9/01/09 8:23:22 PM
You have made an assumption about nobody in these parts being vested financially. I also am acquainted with some who have invested in this game and developers that have gone endless months without pay. If Whiting was on the up, there would not be anything to talk about. |
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Investor Lawsuit against Garvick/CME/MMOGULS & Whiting
General Discussion « Stargate Worlds 9/01/09 11:07:46 AM
Originally posted by yellowperil
I'm guessing the McNells know that CME has a little money atm and they want their debt repaid - NOW. The protective order could be anything. In a nutshell, it will force Gary to do something or nothing, depending on what the McNells are seeking. As with emergency orders, they are asking to forego the normal notices, etc. and get down to business in front of a judge ASAP. They are too nice to Gary, even though they will most likely be jobless afterwards. When Nedra’s and the rest of the suits hit, the poor doctors money will go there instead of the few developer’s pockets. |
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Investor Lawsuit against Garvick/CME/MMOGULS & Whiting
General Discussion « Stargate Worlds 8/31/09 3:31:07 PM
Updated movement on this filing. Looks like the McKnell's mean business! 8/27/2009 MOT - Motion 8/28/2009 |
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Investor Lawsuit against Garvick/CME/MMOGULS & Whiting
General Discussion « Stargate Worlds 8/31/09 1:38:52 PM
The only people who would have been offended are the Cheyenne Mountain Executives (the few that are left) who want to get their precious Stargate Battles finished and ported to the MMOGULS before the investor lawsuits start to take action. They are very good at trying to get that kind of press deleted. And kudus to Kevin Balentine as he escaped CME and is now the Senior Community Manager at Vogster Entertainment! |
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