AfterDawn: News

The Pirate Bay buyer kicked out of stock exchange

Its seems increasingly improbable that the Global Gaming Factory X would acquire Swedish torrent site The Pirate Bay. GGF was today kicked out of the Swedish stock exchange Aktietorget for giving investors false information. The company also broke several other rules within the stock exchange and therefore no transactions are allowed anymore.

According to Aktietoget, GGF gave false information about their financial situation and deals with media corporations. Aktietorget says GGF didn't have the money to buy TPB or deals with copyright holders it claimed to have.



The stock exchange of GGF came to a halt couple weeks ago when Aktietorget said the company "lacks the ability to inform its stockholders in a correct, relevant and credible way."

Head of GGF Hans Pandeya admitted that he gave out some misinformation but didn't do it on purpose. He also promised to pay out TPB by himself if the investors wouldn't join the purchase. However, Pandeya has over 100,000 dollars of unpaid taxes and can't turn GGF stocks into money because the company is no longer listed anywhere.

Global Gaming Factory is supposed to acquire The Pirate Bay for 60 million SEK (currenty 8,5 million USD).

Written by: Matti Robinson @ 10 Sep 2009 5:33

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• 7 comments

• mx6bfast

  hahahahahaha

  11.9.2009 12:48 #1

• rashadow

  ...now that's a damn shame.
  
  
  *irrelevant links removed by moderator*

  11.9.2009 14:18 #2

• Xplorer4

  "Global Gaming Factory is supposed to acquire The Pirate Bay for 60 million SEK (currenty 8,5 million USD)."
  
  Shouldnt that be "was supposed to" since GGF did not rais the money in time to make the purchase?

  11.9.2009 17:40 #3

• gustavojr

  IF YOU HAVE THAT KIND OF MONEY, WHY BOTHERING WITH THE TBP OR ANY OTHER
  THING, AMBITION? THE MOVIE "THE ISLAND" ITS A GOOD EXAMPLE...

  11.9.2009 23:07 #4

• ooZEROoo

  Originally posted by gustavojr: IF YOU HAVE THAT KIND OF MONEY, WHY BOTHERING WITH THE TBP OR ANY OTHER
  THING, AMBITION? THE MOVIE "THE ISLAND" ITS A GOOD EXAMPLE...TPB is in the top 10 most visited sites on the internet. Could you imagine the revenue that would bring in on advertisements alone? It would be a sound investment since you could at least get what you paid for it in ads.

  12.9.2009 01:05 #5

• gustavojr

  in that case make your own website " bussinnes " succesfull like afterdawm or something like craigslist otherwise try risking 8.5 million, your call...

  14.9.2009 21:26 #6

• creaky

  Originally posted by rashadow: *irrelevant links removed by moderator* Forum Rules are where they've always been..
  
  Originally posted by gustavojr: IF YOU HAVE THAT KIND OF MONEY, WHY BOTHERING WITH THE TBP OR ANY OTHER
  THING, AMBITION? THE MOVIE "THE ISLAND" ITS A GOOD EXAMPLE... Please stop abusing that poor CAPS LOCK button
  

  
  
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  23.9.2009 10:23 #7