Pirate Bay suitor returns with strange bid to buy website

Pandeya channels bikinis and Ricky Lake

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. ®