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


Reader Comments

Subscribe: RSS

View by: Time | Thread


  1. icon
    Cyanid Pontifex (profile), 27 Aug 2009 @ 1:22pm

    My bet is that The Pirate Bay owners are probably just doing this as a cash grab. Once they get the funds, they'll open up a new torrent tracker, and things will start all over again.

Add Your Comment

Have a Techdirt Account? Sign in now. Want one? Register here



Subscribe to the Techdirt Daily newsletter




Comment Options:

  • Use markdown. Use plain text.
  • Remember name/email/url (set a cookie)

Follow Techdirt
Techdirt Gear
Shop Now: Copying Is Not Theft
Advertisement
Report this ad  |  Hide Techdirt ads
Essential Reading
Techdirt Deals
Report this ad  |  Hide Techdirt ads
Techdirt Insider Chat
Advertisement
Report this ad  |  Hide Techdirt ads
Recent Stories
Advertisement
Report this ad  |  Hide Techdirt ads

Close

Email This

This feature is only available to registered users. Register or sign in to use it.