Feeds

Pirate Bay suitor returns with strange bid to buy website

Pandeya channels bikinis and Ricky Lake

Application security programs and practises

A mysterious press release popped up on Business Wire yesterday that claimed Hans Pandeya, who last summer failed to buy The Pirate Bay, has returned with another bid to acquire the infamous site.

Pandeya - the CEO of Global Gaming Factory X AB (GGF), which last October botched efforts to raise enough money to buy The Pirate Bay - is back and he still hopes to acquire the site’s domain and trademarks.

However, at time of writing the GGF website appears to have been hacked and is carrying the following nonsensical exchange.

[4/16/10 1:21:05 AM] Hillary: hahahaaaaaa its meeee hans
[4/16/10 1:21:09 AM] Hillary: how funny am i
[4/16/10 1:22:02 AM] Hillary: Hans?
[4/16/10 1:22:09 AM] Ricky Lake: what do you mean
[4/16/10 1:22:22 AM] Hillary: this is a bit confusing
[4/16/10 1:22:28 AM] Hillary: hans pandeya
[4/16/10 1:22:32 AM] Ricky Lake: do you have another computer on?
[4/16/10 1:22:39 AM] Hillary: no its not
[4/16/10 1:22:41 AM] Hillary: no
[4/16/10 1:22:44 AM] Hillary: its quite simple
[4/16/10 1:22:53 AM] Ricky Lake: you must be logged on somewhere else
[4/16/10 1:22:58 AM] Hillary: u got punked bitchesss
[4/16/10 1:23:16 AM] Ricky Lake: whatever that means

Meanwhile, according to yesterday’s press release, GGF’s bid to buy The Pirate Bay is still on, which is an interesting claim given that the company was ingloriously given its marching orders from the Swedish stock exchange in September 2009.

On 19 January this year a Securities and Exchange Commission 10-K filing revealed that Pandeya was appointed president and CEO of Business Marketing Services Inc (BMS), which is based in Cambridge, Massachusetts in the US. But to date it has failed to generate any profit or revenue from its bikini-clad calendar and wall chart business.

Despite that, Pandeya acquired the majority of the issued and outstanding common stock of the firm, or 15 million shares (78 per cent) from Douglas Black, who resigned as director and CEO of BMS on the same day for a total purchase price of $325,000.

Then on 12 March the Pandeya-run company acquired source code and other software assets from an Australian outfit named gTrade from three sellers with BMS promising to pay $300,000 by 31 May 2010.

“The Company intends to use the acquired source code to develop new marketing services for businesses,” said BMS in the 10-K filing.

By yesterday Pandeya’s new company put out a statement reaffirming plans to scoop up the domain name (thepiratebay.org) and trademarks of The Pirate Bay from GGF, even though that outfit hasn’t yet achieved such a buyout.

“Consideration for the purchase is being paid with a promissory note in the principal amount of USD $10M with a maturity date of June 30, 2010,” it claimed.

“The Company intends to use the acquired assets to launch a paid for service with licensed content based on next generation filesharing technology. The acquisition is subject to GGF's completion of its acquisition of The Pirate Bay which is also expected to occur on June 30, 2010.”

Whether such a deal will ever come to pass remains to be seen, but Pandeya's track record with The Pirate Bay does a pretty good job at hinting that such an acquisition is still, at best, a fanciful desire. ®

The Power of One eBook: Top reasons to choose HP BladeSystem

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Airbus promises Wi-Fi – yay – and 3D movies (meh) in new A330
If the person in front reclines their seat, this could get interesting
UK Parliament rubber-stamps EMERGENCY data grab 'n' keep bill
Just 49 MPs oppose Drip's rushed timetable
Samsung threatens to cut ties with supplier over child labour allegations
Vows to uphold 'zero tolerance' policy on underage workers
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
US freemium mobile network eyes up Europe
FreedomPop touts 'free' calls, texts and data
prev story

Whitepapers

Reducing security risks from open source software
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.