Pirate Bay suitor returns with strange bid to buy website
Pandeya channels bikinis and Ricky Lake
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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. ®
COMMENTS
Why, «infamous», Kelly ?
It is not unlikely that the MPAA and RIAA regard the Pirate Bay as «infamous», but rest assured that there are many users and Reg readers who do not (but who would find the use of this particular adjective to describe both the MPAA and the RIAA entirely appropriate). The Reg would serve its readers better if it could learn to keep the editorialising out of news reports and reserve it for leader columns....
Henri
Why
Why the big fuss over the PB?
BTJunkie has always been the best torrent site.
If at First, you don't Succeed ..... Launch a Trojan?
Errr , the new action ....."“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.”" ...... seems much like a carbon copy of the last action ...... "On 30 June 2009, Global Gaming Factory X announced its intention to buy the popular BitTorrent site The Pirate Bay. It also announced its intention to buy shares of Swedish P2P company Peerialism AB. Peerialism develops solutions for data distribution and distributed storage based on new P2P technology. The transaction is planned to take place in August 2009.
One week prior to the announcement, trading in GGF's stock was shut down after an unusually large rise in the volume of trades. The company is suspected of insider trading." .... http://en.wikipedia.org/wiki/Global_Gaming_Factory_X ...... and only slightly different in Global Gaming terms.
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