Matti Robinson
10 Sep 2009 5:33
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).