GGF delisted from Swedish stock market

AktieTorget, the stock market that trades shares GGF, has decided to delist GGF after a report from its disciplinary committee, calling GGF’s conducts misleading.

The committee does not believe that GGF will be able to secure the capital needed to acquire The Pirate Bay. Trade in GGF’s shares was already halted in August after rising doubts about its ability to raise the required capital. The case was then referred to AktieTorget’s disciplinary committee that now ruled to delist GGF.

GGF’s CEO Hans Pandeya called AktieTorget’s officials “incredibly scared” and “very weak people”.

Chances that the deal will go through are getting slimmer and slimmer and questions are asked whether this was a scam to temporarily boost GGF’s share prices and make some quick money.