Cheyenne Mountain Entertainment refused requested board changes

Uncategorized | 25. Feb, 2010 by Krystalle Voecks | 0 Comments

The last thing we'd heard from Cheyenne Mountain Entertainment, they were filing for Bankruptcy protection, and were attempting to sever all ties with Gary Whiting, Chairman and CEO of the company. However, according to a filing unearthed by Martuk over on the Ten Ton Hammer forums, it would appear that their motion to remove him -- and the restraining order against him -- were denied by the courts.

Rumors of financial mismanagement and all manner of shenanigans by Whiting and others have been rumbling around for quite some time. Thankfully, the court did see fit to intervene insofar as to require both parties to name two people they would recommend for receivership -- in essence, someone to protect the company from any further wrongdoing. The question now becomes how this is going to play out in terms of the future for Stargate Worlds, considering what is becoming of the court battle and the seeming rancor between parties involved. We'll be sure to keep you up to date as the story progresses.