Nah, the company wasn't sold at all.  I got that impression from his talk of an "original owner" - as though there'd been a subsequent owner prior to the IPO.

But still amusing how he claims a loan defined as a business loan and taken out in the name of ZIGGAP was somehow a personal loan to one of the multiple individuals/team referred to in the loan description and discussion.

What seems to have happened is they tried raising funds via a loan on BTCJam, it wasn't selling out fast enough so they split it into two loans - one of which got filled.  They then abandoned trying to fill the second loan and did this IPO instead and are now trying to reclassify the loan as a personal loan.  Reclassing the loan as personal one makes little odds so long as it's paid - and with no assets declared for the company they can strip its existing wallets to repay it (which is why it's always a gamble investing in a company that doesn't produce ANY accounts whatsoever prior to IPO - you can quite easily be buying something with zero assets).

The rush to grab funds whilst giving minimal information is always a red flag to me.  Though it by no means always means scam - just means they want cash before people dig too deep or have the time (or information) to do proper math.

Only because you're not on MPEx. Among actual traders it has been going on for over a year by now. Sucks to be irrelevant, I guess.

https://btcjam.com/listings/2053  this is one cool feature introduced by btc.co I havent seen elsewhere.

Just a bitcoin newbie...