The company snapped TPB up for 60 million kroner (about $C9,025,310)
Then came the news GGF was suspected of insider trading.
Don`t worry – be happy! – blogged TPB`s Peter Sunde when news of the acquisiton was announced.
But, Worry, Global Gaming may be thinking now because, following up, “a lot of unanswered questions about the company`s exact business model remained unanswered,” says TorrentFreak, going on:
“Possibly related, the shareholders lost faith as well and earlier this week the share price dropped below where it was before the Pirate Bay buy-out was announced.”
Whether or not GGF, “will be able to come up with a viable business model is still uncertain at this point,” says the story, adding:
“However, their first priority is to get the funding needed to make the acquisition, while convincing the shareholders that it`s a good deal.”
First they ignore you, then they laugh at you, then they fight you, then you win ~ Mahatma Gandhi
snapped TPB up – Gaming firm buys The Pirate Bay, June 30, 2009
insider trading – New Pirate Bay owner `insider trading` charge, July 1, 2009
TorrentFreak – Pirate Bay Buyer`s Stock Back to Square One, July 12, 2009
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