There has indeed been a lot of speculation about these corporate restructurings for a long time. While wondering and waiting, only Demant’s ownership of Revenio has increased. And the number of board members has also grown from five in 2024 to the current seven. By the way, the company’s website states: The task of Revenio Group Corp.'s Board of Directors is to promote the interests of the Company and all its shareholders. Board members do not represent the parties that proposed them for membership in the Company.
One is slightly tempted to note that the interest of the ordinary retail shareholder has not been very significant here. 75% of the company’s value has melted away, the largest stake has slipped to the firm that appointed the Chairman of the Board, and no significant/visible strategic decisions, for example regarding the offering, have occurred in years. One wonders what we are actually paying seven board members for.
It is also unfortunate that despite such a long-continued drain in valuation, not a single insider purchase has taken place. If the information on the website is correct, the last small acquisition was in 2023 by Robin. I wonder if anyone from the board has bought shares with their own money.
Well, Jouni’s latest interview did provide a bit of hope that the offering is indeed being expanded, perhaps relatively quickly through both organic growth and acquisitions. Himberg’s erratic stories have driven Opto’s valuation so low that perhaps an acquisition target might emerge there. Still, the greatest dream would be success on the CT side.