AAARRR

"This prop will pay out POP$100 if the Pirate Bay Four are found innocent of all charges by March 6th, 2009."

Once again, a prop payout fails in description. (A quite obvious and common problem at that.)

What happens if the court decision exceeds this date?

They have to be found innocent by that date. If they aren't, then the prop pays short. If the trial runs long, then it's a short.

Now since this is in a Swedish court, we have some different verdicts that might be a problem if we use U.S. court proceedings as a model. For example, Asbjorn Ski was found "Cupable But Humorous" when they were sued over the performance of fanny-warming ski-pants inserts. The inserts were shown to reach temperatures of up to 100 degrees, causing many users to experience "butt melt".

In 2001 Gustav Hermansson, who ran a website that matched up reindeer-meat buyers and sellers, was found "Not So Nice" when he knowingly allowed a Mr. Joulupukki to broker tough, hard-worked animals on the site.

And who can forget the drawn-out trial of Hilda Frollickdottir, the Internet procuress, whose court dates were interrupted by the Swedish court's Summer recess (3 days), Lichen Lajbach (3 weeks), and Winter Nap Recess (6 weeks) before the court rendered a decision of "We're Just Not That Interested Anymore".

On a more serious note, however, I did not see this stock up for review, and we need to make allowances for the differences in Swedish court proceedings. For example, they are running a civil trial along with the criminal counts at the same time. I would suggest that any decisions on civil suit counts be excluded from the decision on this prop.

I would also suggest that any verdict other than an unmodified "guilty" be considered a decision of "innocent". "Guilty by negligence" or something like that should not be considered a true "guilty".

Two cents contributed.

Oh alright. Thanks for the clarification, I'll probobly short this now...

so a "modified" guilty would be nothing other than "guilty" or "plea bargain" or something?

Some countries have verdicts like "guilty but held harmless" or "guilty but not responsible" and different stuff like that. I think it's their equivalent of finding someone guilty, but saying there really wasn't any intent to commit a crime or that they weren't responsible for what happened.

I'm just suggesting that this kind of verdict should count as a "not guilty".

aah ok. I understand now :)

Vulgerian, your reasoning is impressive. Do you have legal training?

KARL FRIEDRICH
Guilty is guilty no matter what words the judge puts after it. Guilty by stupidity is still guilty. Sounds like you want 99% odds.

Nope, I just want clarity.

Newest update I could find, no verdict expected for a few weeks so this will close short for sure in my opinion.

http://news.cnet.com/8301-13578_3-10187599-38.html

Can anybody fill me in on what's going on with some symbols here? (including this one now?) Why it takes MONTHS for them to pay off? Like "FCELL" which closed 1/1/9 and still sits in my portfolio? OK, fine, I understand there's a settlement time, but come on, when I trade on a real market, it's 3 business days, not 2 months.

"The panel of four judges is expected to issue a verdict April 17. The defendants face up to two years in prison each and $180,000 in fines plus millions in damages."- blog.wired.com/27bstroke6/2009/03/pirate-bay-tria.html
Short.

When life gives you to many Apple IPO's make Apple sauce, now where did I put that blender?

Yeah, but WHEN it will pay off already? It's past March 6th already, there's no verdict, this one shorts, where are my PPX$ ?