How Gary killed CME
October 2008 Stock Purchase agreement aka (Garvick Stock Agreement)
- before Garvick Stock Agreement, Garvick Properties acquired 14.5 million shares of CME worth $4,350,000.
- CME shares where not been paid for.
- Because of the Garvick Stock Agreement, CME was unable to utilize the 14.5 million shares of CME to raise capital.
- No officers and Directors of CME were not made aware of the Garvick Stock Agreement apart from Gary Whiting.
Stock Option Agreement aka (Garvick Stock Option Agreement)
- CME is listed as party to the Garvick Stock Option Agreement.
- Pursuant to the Garvick Stock Option Agreement, CME had 14 million and 500 thousand authorized but unissued shares.
- CME granted the purchase of 14 million shares for $1,000.
- CME granted the purchase of 500 thousand shares for $1,000.
- Garvick Properties failed to make both payments.
- Gary Whiting failed and refused to take action on Garvick Properties.
- Gary Whiting executed the Garvick Stock Agreement on behalf of Garvick Properties and CMG.
- No officers and Directors of CME were not made aware of the Garvick Stock Option Agreement.
Gary Whiting’s Personal Obligation to CME aka (The Original Whiting Loan)
- On or around August 22, 2006 Gary Whiting caused CME to loan him $1,485,000.
- The Original Whiting Loan was allegedly approved by the majority stockholder of CME, Garrick Enterprises.
- Gary Whiting didn’t submit the Original Whiting Loan to CME’s Board of Directors for review or approval.
- Gary Whiting didn’t have to pay the loan until August 17, 2009.
- In October 13, 2006 Gary Whiting caused CME to loan him an additional $2,569,531 (the revised Whiting Loan).
- The Revised Whiting Loan was allegedly approved by the written consent of the majority stockholder of CME, Garrick Enterprises.
- Gary Whiting signed the revised loan on behalf of Garrick Enterprises.
- Gary Whiting didn’t have to pay the loan until August 17, 2009.
- As of December 31, 2008 Gary Whiting owed CME approximately $4,460,000 under the revised Whiting Loan.
- Around January 7,2009 Gary Whiting executed a document to the majority stockholder to CME, Garrick Enterprises, that erased Gary Whiting ‘s Revised Whiting Loan (“Mr.Whiting’s January 7 Action”).
- As of December 31,2008 Garvick Properties still owed CME $12.6 million under the New Garvick Subscription Agreement.
- Garvick Properties paid approximately $4.5 million related to the New Garvick Subscription Agreement.
- Pursuant o the the January 7 Action CME was directed to re-allocate the $4.5 million in payments received from Garvick Properties to pay of the Whiting note.
- Gary Whiting instructed and caused CME to extend the term of payments due under the New Garvick Subscription Agreement to December 31, 2009.
- No consideration was received by CME/CMG for the extension of the New Garvick Subscription Agreement.
- Gary Whiting failed and refused to take action on behalf of CME to protect against MR. Whiting’s January 7 Action.
Author: Ash Meehan
Hi, I’m the creator of SG Gaming Info. When I’m not working on my writing or creating content for this site’s YouTube channel, I like to relax and enjoy character driven story games.

