It’s quite crazy that Springvest’s market value has risen by over 70% since the beginning of the year solely due to a very small ownership stake in Verge, the exact amount of which we don’t even know. Now we at least have the information that the ownership stake is less than the 0.6% mentioned in the 2025 H1 report.
I wonder how many of those who bought Springvest shares based on this Verge/Donut Lab connection have actually purchased Verge’s latest financial statements from the PRH (Finnish Patent and Registration Office) for the price of just over four euros? Or read anything about the company’s past and current structure?
Springvest’s stock has risen by approximately 73.5% since January 5th. The rise is practically based only on this hype surrounding Donut Lab, even though some on Shareville are already justifying the stock as cheap even without Donut Lab. If Springvest owned even that 0.6% of Verge according to the latest interim report, the market is pricing it at approximately 4 billion. This is an incomprehensible valuation, considering the company’s previous sales, losses, and, in my opinion, other likely indications that the SSB IP most likely belongs to someone other than Donut Lab, provided the product is real. That battery technology would be the most revolutionary thing here, and perhaps next would be those electric motors integrated into the wheels, but the latter innovation is unlikely to be that valuable since there is no market for it yet like there is for batteries.
It would seem that the market is wrong. Some people might be in for a rude awakening.