Swedish company Global Gaming X first announced in June that it was interested in acquiring The Pirate Bay. Its majority stakeholder and CEO, Hans Pandeya, also claimed that the company had the backing of some mysterious Russian investors. Despite relentless palaver and numerous promises, Global Gaming X and its cash-strapped CEO have not been able to produce convincing evidence of their ability to pull off the deal.

They may still not have any substantial evidence to underpin their claims, but they now have some substantial trouble to contend with. AktieTorget, a Swedish stock exchange, has delisted Global Gaming X with immediate effect after a disciplinary group concluded its investigation into the company’s acquisition claims. It had earlier suspended the trading of the company’s stock. The disciplinary group found the company guilty of providing erroneous information.

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