GGF Shareholders Approve Pirate Bay Buy... But No One Knows Where The Money Is

from the still-sketchy dept

We're among those who think it's quite questionable as to whether or not the acquisition of The Pirate Bay by GGF will ever really go through. GGF's CEO Hans Pandeya has had a lot of trouble answering basic questions ever since the deal was originally announced. The company has had trading in its shares halted twice now, and many of the "big name" people that Pandeya used to show he was legit have separated themselves from the company -- often questioning Pandeya's ability to do this deal. So, lots of people are interested in the news that GGF shareholders have apparently "approved" the deal. But, that's somewhat meaningless as there still remains little evidence that GGF can actually scrape together the money needed to complete the purchase. This whole thing has been pretty questionable from the start, and there's nothing yet that suggests there's a real deal here at all.

Filed Under: hans pandeya
Companies: ggf, the pirate bay


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  1. identicon
    Anonymous Coward, 27 Aug 2009 @ 11:24am

    Perhaps the money comes indirectly or directly from what seems to have been a pump and dump move. Could TPB owners have played the market on this one, gotten themselves a boatload of cash (offshore), and they will buy themselves out?

    Hmm.

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