Pirate Bay Buyer Has Car and Motorcycle Repossessed, Deal may not go through. - Polidicks

[quote] As if his financial issues couldn’t get any worse, the CEO of Global Gaming Factory suffered yet another humiliating setback yesterday. After a tax debt of more of $110,000 went unpaid, enforcement officers swooped last night, repossessing Hans Pandeya’s car and a motorcycle. The proposed sale of The Pirate Bay is looking less like a business deal and increasingly like some kind of soap opera – and an unbelievable one at that. Despite Global Gaming Factory’s investors getting cold feet and aborting their financial support for the purchase of the world’s largest tracker, on Thursday the company’s shareholders (well, at least the four who attended the meeting) all agreed that the purchase could go ahead. Less optimistically, Peerialism, GGF’s technology partner, said there would be no business between the companies. Where the money will come from in the end is anyone’s guess, but CEO Hans Pandeya says he will cover the purchase with his own shares, but right now, it appears he doesn’t even have cash to cover his business or personal debts. Recently, former GGF board member Johan Sellström said that Pandeya owed him in excess of 6 million kronor ($840,000) and said he was suing to get the money back. Now, according to a new report, last night Pandeya suffered a serious humiliation, one that he’ll find difficult to put down to the “smear campaign” he said had been orchestrated against him recently. Having failed to pay a debt of some 780,000 kronor ($110,400) owed to the Swedish tax authorities, yesterday enforcement officers ran out of patience and swooped to seize his assets. Last night a tow truck took away Pandeya’s car and, as you can see from the screenshot from the Aftonbladet site, what appears to be a pretty nice motorcycle.[/quote] [img]http://torrentfreak.com/images/ggfbayliff.jpg[/img] Source:[url]http://torrentfreak.com/pirate-bay-buyer-has-car-and-motorcycle-repossessed-090829/[/url] In conclusion: [quote] Peerialism, the company set to provide the revolutionary P2P technology behind the new Pirate Bay, has announced that it is doubtful that it will do any business with Global Gaming Factory. GGF are supposed to buy Peerialism, but CEO Johan Ljungberg said that’s doubtful since the company has no money. pirate bayIn addition to having little to no money to buy The Pirate Bay for 60 million kronor ($7.8m), GGF also has to find 100 million Swedish kronor to buy Peerialism, the company under agreement to provide the core technology behind the project. However, Peerialism CEO Johan Ljungberg said today that he thinks there will be no business done between the two companies. “The [shareholders] meeting gave us no direct answer at all, but based on declarations by GGF before and after the meeting, and the reporting that has taken place in recent days, we conclude that GGF will not succeed in obtaining any financing,” Ljungberg told di.se. The agreement between the companies says that the full purchase price must be paid by 30th September, something which Ljungberg says is unlikely. He also notes that the identities of potential investors are still unknown. “The mechanism that GGF presented – a pledge of shares as collateral for financing – will be difficult if the stock is trading halted. And if I understand AktieTorget rules, the suspension will remain for a couple of weeks. This makes the plan difficult to implement within the time frame of our contract,” he said So far, Peerialism has seen no money from GGF.[/quote] Source: [url]http://torrentfreak.com/no-pirate-bay-deal-says-key-ggf-technology-partner-090828/[/url] Happy days..

Peter Sunde sneezes, more at 11 Seriously, who cares anymore? The deal will either happen, or it won't. Either way, the Pirate Bay probably isn't going to stick around.

what the fuck.

[QUOTE=Zeke129;17006196]Peter Sunde sneezes, more at 11 Seriously, who cares anymore? The deal will either happen, or it won't. Either way, the Pirate Bay probably isn't going to stick around.[/QUOTE] Just because you don't care doesn't mean no one else does.

Hahahahah

I read it as if some Pirate Bay User got his stuff repossessed for using TPB, Any one else do this?

Oh no, not the motorcycle! ANYTHING BUT THE MOTORCYCLE! Take his house, too. That'd be nice.

That has to suck no matter who you are, or what you do. I feel bad for him - sure what he is doing isn't exactly legal or right, but it isn't like he is a warlord or something.

Här fraktas hans mc bort. Mc bort indeed.

MC bort is on da mic

I'm guessing he doesn't have the money to buy TPB.

That seems so weird but so fitting.

[QUOTE=One Long Sausage;17006617]MC bort is on da mic[/QUOTE] Scandinavians frown upon you. [URL=http://img132.imageshack.us/i/angryvikingemer.jpg/][IMG]http://img132.imageshack.us/img132/4431/angryvikingemer.jpg[/IMG][/URL]

[QUOTE=Canned Induvidual;17007047]Scandinavians frown upon you. [URL=http://img132.imageshack.us/i/angryvikingemer.jpg/][IMG]http://img132.imageshack.us/img132/4431/angryvikingemer.jpg[/IMG][/URL][/QUOTE] Vikings didn't have horns on their helmets.

Of course it won't go through.

This situation must have made his heart [i]broke[/i]. [IMG]http://t3.gstatic.com/images?q=tbn:mXn7OiCpO954NM:http://www.problogger.net/wp-content/uploads/2008/08/mojo.jpg[/IMG]

They're never going to finalize the deal, enjoy your warez

Blarg. I honestly don't support or condone piracy, but this seems fucking dumb. Actually, the Swedish people in general are dumb if they think they can continue to pirate massive volumes of games/movies with the excuse "Someone else will buy it."

[QUOTE=Denicide;17009564]Blarg. I honestly don't support or condone piracy, but this seems fucking dumb. Actually, the Swedish people in general are dumb if they think they can continue to pirate massive volumes of games/movies with the excuse "Someone else will buy it."[/QUOTE] It's not about piracy anymore, it's about the principle. Take down piratebay then take down google aswell because they both do the SAME FUCKING THING

Not really. Google wasn't created with the intention of being a database for piracy, whereas the Pirate Bay was.

So we get to keep our Pirate Bay?

this is a good thing and a bad thing, if it doesn't go through. good because it doesn't become a pay site. bad because there's more of a possibility of it being shut down

[QUOTE=qurl;17006235]Just because you don't care doesn't mean no one else does.[/QUOTE] I used to care, but the incessant reporting about the Pirate Bay deal is annoying.

[QUOTE=Zeke129;17010232]I used to care, but the incessant reporting about the Pirate Bay deal is annoying.[/QUOTE] You have to learn that you speak only for yourself. [editline]12:36AM[/editline] [QUOTE=Denicide;17009829]Not really. Google wasn't created with the intention of being a database for piracy, whereas the Pirate Bay was.[/QUOTE] Source?

Does "The Pirate Bay" not sound a little tongue in cheek, like? And as regards Google, it was created in 1997, before Piracy became rampant.

[QUOTE=MR-X;17006474]That has to suck no matter who you are, or what you do. I feel bad for him - sure what he is doing isn't exactly legal or right, but it isn't like he is a warlord or something.[/QUOTE] What the hell are you talking about? I'm pretty sure this doesn't have anything to do with torrents, apparentlly the guy buys more than he can afford. And what isn't legal or right? Owning a torrent tracker?

[QUOTE=Denicide;17011945]Does "The Pirate Bay" not sound a little tongue in cheek, like? And as regards Google, it was created in 1997, before Piracy became rampant.[/QUOTE] Piracy's always been rampant, my uncle had/has what esentially was a small filing cabinet full of pirated PS1 games and another uncle used to get me all sorts of pirated pc games.

[QUOTE=markg06;17019691]Piracy's always been rampant, my uncle had/has what esentially was a small filing cabinet full of pirated PS1 games and another uncle used to get me all sorts of pirated pc games.[/QUOTE] Almost everyone does this, and it's always fun to find a bunch of old pirated PS1 games, or small games for pc to play for nostalgia when at a friend.