AfterDawn: News

Pirate Bay acquirer finds new stock exchange

Last week, the would-be Pirate Bay buyer Global Gaming Factory X (GGF), was kicked out of the Swedish stock exchange Aktietorget for giving investors false information to exchange regulators.

Shares in the company had been halted for some time even before the ticker was kicked, as Aktietorget said the company "lacks the ability to inform its stockholders in a correct, relevant and credible way."



Today however, GGF has made a comeback, this time on the Mangoldlistan Swedish stock exchange. The Mangoldlistan only lists seven companies however, and is run by a securities broker firm.

Questions still remain as to whether GGF has sufficient funds to acquire The Pirate Bay. In August, GGF bid 60 million Swedish kronor ($8.6 million USD) for the troubled public torrent tracker.

Written by: Andre Yoskowitz @ 17 Sep 2009 22:05

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• domie

  Quote:Questions still remain as to whether GGF has sufficient funds to acquire The Pirate Bay.Questions still remain as to who would be insane enough to want to buy a site which is dead and buried and whose only worth was going to be in spamming infrequently returning members who have been asleep for a year and don't know what happened, with cheap tacky banner ads.It's value must depreciate significantly with every passing day.
  
  File this one and the attempted sale under "SMS" ( Simon Moon Syndrome )

  18.9.2009 18:04 #1