TorrentFreak be reportin’ that Th’ Swashbuckler Bay’s one-time suitor, Global Games Factory, be submitted fer bankruptcy by a former crewman owed buckets o’ chestfulls o’ pieces o’ eight.
Th’ proxy request fer bankruptcy be filed by former GGF board member an’ director Johan Sellstrom who alleges GGF be unable t’ repay th’ $188,000 USD owed t’ Advate Systems, a new company owned by Sellstrom.
“Th’ debtor canna legally pay its debts, an’ such incapacity canna be regarded as temporary,” Sellstrom states in th’ report filed wi’ th’ Stockholm District Court.
Other former GGF partners be havin’ also reported issues collectin’ on outstandin’ debt. Technology provider an’ partner Peerialism, an’ business partner Wayne Rosso be havin’ groused about liquidity issues.
Perhaps th’ most damnin’ evidence o’ GGF’s slippery finances its recent delistin’ from th’ AktieTorget stock exchange. On Septembree 10, overseers o’ th’ exchange removed th’ company fer misleadin’ th’ market an’ makin’ anomalous financial statements. In addition t’ sinkin’ th’ deal wi’ Th’ Swashbuckler Bay, th’ delistin’ also port th’ company strapped fer pence.
Th’ cannon ball be now in Global Games Factory’s court, they must prove t’ Stockholm magistrates that they can make good on the’r obligations.
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