After several rounds of laying off the rank-and-file, it looks like executives are among those now leaving the company. Mstar CEO Ben Gould and Chief Marketing Officer Kirk Tanner are no longer with the company, reportedly having departed voluntarily. The word on the street, according to the Daily Herald, is that Gould got an offer to go elsewhere whereas Tanner's status is unknown. John Hansen of Chicago Venture Partners LP, Mstar's owner, has taken over in the interim and there aren't plans in the near future to hire a new chief marketing officer.
Given their performance problems on iProvo and the decimated customer base from the sale of iProvo, it's not surprising to hear that Mstar went through some more slashing. Their plan is to re-focus on building a customer base on UTOPIA, secure additional financing and pursue opportunities on other fiber optic networks around the country. Also of note is that Broadweave offered a settlement to Mstar to get them to drop their objections to the sale of iProvo.
The question now remains: can Mstar survive? Post your thoughts in the comments.