Global Gaming Factory X, the software maker that has claimed it will acquire BitTorrent search site The Pirate Bay, has found a new stock exchange for its shares--a move that can only be described as bewildering.
Mangold Fondkommission, an independent exchange that specializes in the trading of small and medium-size stocks, issued a press release Wednesday, announcing that Global Gaming's shares were available for trade.
Global Gaming was booted off its former stock exchange earlier this month after exchange officials concluded the company provided false information about its ability to purchase The Pirate Bay.
Sweden's Economic Crimes Bureau has said it is investigating possible insider trading that is reportedly connected to a sharp rise in trading of Global Gaming's shares the week before it announced it would acquire The Pirate Bay.
Hans Pandeya, the company's CEO and majority owner, has issued so many conflicting and erroneous statements that the Swedish media now refers to anything the company does as a "circus."
A spokesman for Mangold confirmed that Global Gaming was trading there but declined to provide additional comment outside of the press release.
Meanwhile, Pandeya has continually said that the deal for The Pirate Bay would be completed by the end of the month. He has said this despite failing to provide proof to his former exchange that he had the money to acquire the search engine.
Pandeya has suggested that he would secure any loans that he got to complete the acquisition with his shares of the company. Whether the shares are worth anything remains a question.
This article was first published as a blog post on CNET News.
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