Will GGF Really Take Over The Pirate Bay? Could Be Doubtful

from the is-it-all-a-ruse dept

Mon, Jul 6th 2009 10:38am — Mike Masnick

Martin points us to a video interview with Hans Pandeya, the head of GGF, the supposed new owners of The Pirate Bay. To be honest, the interview seems somewhat incoherent, where he doesn't actually answer the questions, and does little to elaborate on the confusing business model he's talked about with others:

But what I found most interesting about the interview is that Pandeya repeatedly notes that his shareholders will vote on the acquisition in August, and if the company cannot show a clear legitimate business model, he doesn't think they'll approve the acquisition. The questions try to dig down on this, and Pandeya doesn't really do much to answer them, but it certainly sounds like the company has a giant out. There are some other contradictions in Pandeya's statements, as well. At one point he implies that they'll have agreements in place with record labels in time for this vote, and if they don't, then people will vote against the deal -- but then says that it will take much longer to get those deals in place, and there's no way they'd be ready in time for the vote. The whole thing remains a bizarre mystery that is more confusing than enlightening... but I'm beginning to wonder if the deal will ever happen, in reality.

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Filed Under: hans pandeya
Companies: ggf, global gaming factory x, the pirate bay

9 Comments

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ChurchHatesTucker (profile), 6 Jul 2009 @ 10:48am

Too little...?
I'm guessing they had some encouragement from The Industry, who were hoping to do-over their Napster fuckup, but the technology has evolved to the point where they no longer have the control they could have had.

Do the recognize that? Do they care? I dunno. Tune in next time, same bat-time, same bat-channel...
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Haywood (profile), 6 Jul 2009 @ 11:18am

Even if they default, it bought time
I suspect yet another appeal is in the works.
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Anonymous Coward, 6 Jul 2009 @ 2:26pm

pump and dump.
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Lucretious, 6 Jul 2009 @ 5:08pm

keerist! I hope the boys from TPB cash that check asap. These people are lost.
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Travis Miller (profile), 6 Jul 2009 @ 9:25pm

"Agreements"
Mike, you write:

"At one point he implies that they'll have agreements in place with record labels in time for this vote, and if they don't, then people will vote against the deal -- but then says that it will take much longer to get those deals in place, and there's no way they'd be ready in time for the vote."

If you pay close attention, he is actually talking about two different agreements here. The first one he brings up is the one you are seeing (that will take months). However, BECAUSE those agreements will take too long, they are looking to get some kind of PRELIMINARY agreements that will buy them time (and set up how the final agreements will take shape). Those are the ones they need to get in place before the vote.

He doesn't explain it that clearly, and honestly I might have not figured it out if I hadn't watched it just after reading your criticism of it.
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Logan, 6 Jul 2009 @ 9:46pm

Save The Pirate Bay
This is stupid leave the pirate bay alone, so what the shit is free. Fuck those bitches, people steal video game videos off my You Tube channel and don't see me bitching. It's like so fucking what! All copyright owners go to hell and stop bitching and suck it up. Don't like it well don't make a movie and singer and song writers don't like it well don't make songs, its so fucking simple. You sell each CD for fucking 20 bucks and that is too fucking high for a one fucking disc. Yeah I swear a lot because this shit is so stupid. DVD are even worst. Games are too fucking high for systems, they charge 60 fucking bucks that is outrageous. Stop complaining you guys, so what is free!!!
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thesaint707, 7 Jul 2009 @ 2:53pm

Just a Pump and Dump
Caught this post in another forum that I thought summed this up very well. The attached url will show the entire chain of thought. I guess in this world suckers are born every minute.

"Well, the press release is very clear: this isn't a sale, it's a reverse merger. And the "buyer" doesn't have the cash component of the "purchase" - they have to go raise that money now. And there's no actual business plan for what happens after the sale/merger - but someone is making good money moving worthless Swedish penny stock on the basis of the announcement alone: millions of shares change hands, day after day, all week. In non-Swedish, not-cool situations we call this "pump and dump" - if I did it, given that I"m not as cool or Swedish as TPB, the press would be all over me about it (appropriately). However, TPB's reality distortion field obviates that apparently."

http://cultureghost.org/viewtopic.php?f=17&t=2699
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The Music Void, 17 Jul 2009 @ 7:19am

Exclusive: The Pirate Bay 2.0
Read the exclusive story of Mr Rosso's Pirate Bay endeavour here: http://bit.ly/3tvT1g
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Jay, 2 Mar 2010 @ 8:08am

It's interesting when you listen to this interview, as The Pirate Bay venture of course didn't happen. Not sure if you know but it seems Hans hasn't given up on the digital media world. Check this article out? What is he up to now? http://bit.ly/bX2mq0
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