Here’s an incredible and “rocket-like” growth, but often if it’s too good to be true, it isn’t? How should one react to this?
Exactly. Now the congregation is screaming for the CEO’s analytical response….
Uncle Masse, FA, doesn’t always even believe in himself
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Finnish tech company Uros’s fairy-tale profits reveal signs of smaller business operations – “Yes, the profits are true, how could they be any truer?” 
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As long as enough money is cycled through tax havens and foreign subsidiaries, the revenue will eventually look good.
Even that single coffee shop in New Jersey was valued at over $100M on the stock market, even though it had been closed for over six months and had revenue of only $30,000 over a couple of years.
@Johannes_Sippola what if we just close the old thread right away? Individual articles can be discussed in the coffee room if necessary.
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This would be a good field for a thorough investigative journalist to dig into! I wonder if they’re laundering money or something, it’s such a shady setup that a detective doesn’t need to worry about clean dealings.
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“Profit is an opinion, cash is a fact” fits this perfectly.
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We at HS Visio have been following Uros for quite some time. Now that the Uros Live collaboration has come to light, we decided to publish a broader article about the company and Hallikainen:
Teknologiayhtiö Uroksen piti olla miljardien arvoinen: Nyt pienetkin maksut ovat rästissä ja omaisuus sekä omistajat siirtyneet ulkomaille. | HS.fi (article for subscribers)
Main points of the article:
By reading previous financial statements (Uros’s latest figures, signed off by the auditor, are almost three years old!), one can conclude that Uros’s money has been flowing from Finland to places like Luxembourg and Hong Kong for a long time.
For example, patents were transferred from the Finnish parent company to Luxembourg a long time ago. The parent company in Finland has taken out loans and simultaneously financed the operations of its subsidiaries.
Very little is known about the operations of the subsidiaries and indeed about the nature of Uros’s entire business. Many of Uros’s announced clients and partnerships are at least exaggerated or have ended. For example, Motorola’s communications department could not say anything about Uros collaboration, even though Uros has announced such a partnership.
According to Nordea’s statement of claim, Uros has transferred parent company assets to Switzerland this year. Nordea (and probably other major lenders) are concerned about how well they will be able to recover their loans from abroad.
Hallikainen and his family (i.e., the main owners) already live abroad.
In addition, the article includes an overview of Hallikainen’s real estate company’s operations in Oulu.
We in the editorial office intend to continue to follow matters related to Uros and Hallikainen. Tips related to the topic can be sent to alex.afheurlin@hs.fi.
Edit: And so as not to deviate from the core idea of the forum, an addition: Uros knocked on the doors of the stock exchange a couple of years ago, but did not receive a positive response from investors in preliminary discussions. I would have gladly read Mikael Rautanen’s analysis of this company.
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The police have investigated loans and grants worth over six million euros from a company based in Oulu. Based on the completed preliminary investigation, two individuals are suspected of crimes. The case is being transferred to the prosecutor for consideration of charges.
The suspected acts took place in 2011–16.
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