As we've reported, Cheyenne Mountain Entertainment and Firesky apparently need to raise capital to keep MGM from pulling the plug on Stargate Worlds. A former employee who recently left Firesky had told MMORPG.com the company had until Aug. 1 to raise the funds, and that deadline has come and gone. As one would expect, a player asked on the game's official forums if investors had been found to save the game. In response, Shane Hensley, the director of new business development for Firesky, said today, "My understanding is a significant portion of the funds have been raised."
Hensley is currently on leave right now, as are a lot of other people. But according to the post, "the guys showing the game to investors and upper management are all there trying daily to get us re-started." Due to the delay of the game and negative press, Hensley said all parties involved are taking the time to make sure the amount of money invested is enough to cover all of the team's needs to complete Stargate Worlds. "A significant number have pledged money on completion of their research into our books, however, so I find that very encouraging," Hensley said.
You can read Hensley's full post below.
Hi all--quick update. A lot of people are on leave right now (including myself) but the guys showing the game to investors and upper management are all there trying daily to get us re-started.
My understanding is a significant portion of the funds have been raised, but it's one of those situations where everyone involved (us and the investors) want to make sure there's enough to cover all our needs. To be clear, let's say we need X million. If someone puts in $100,000 right now, that's great and much appreciated, but it doesn't get the game shipped and that investor would lose his money if the rest isn't raised in the long-term.
Needless to say, every single investor does substantial due diligence due to the delay of the game and negative press we've received. A significant number *have* pledged money on completion of their research into our books, however, so I find that very encouraging.
Otherwise, it's an ongoing process and there just won't be much news until then, but the day we return to full operations I'll let everyone know. In the meantime, thanks very much for your support and well-wishes.