Kevin Balentine, senior Marketing Manager at Cheyenne Mountain Entertainment released an official explanation of the rumors: "At Cheyenne Mountain Entertainment, we have always been upfront with the media and our fans that we are a start up. Like many start ups, we face the same cash-flow issues that all pre-revenue companies face. We have maintained a core of dedicated investors, but the new economic realities are forcing us to seek out additional sources of funding and that's what we're doing. We continue to move forward on the Stargate Worlds project. We recently completed a successful phase of closed beta testing and we will start a second phase early in 2009. We invite all of your readers to come to our site, check out our fantastic community and sign up for our beta."
For now we only have what's in this official statement as truth. Interestingly enough, Ten Ton Hammer has reported an "anonymous source" stating more employees leaving CME in recent weeks. It should be an interesting story to follow on what could potentially be a triple-A MMO with Stargate Worlds.