The buyer is therefore likely Saga Palvelut Oy, which is one of the main owners of Sunborn International. The same parties appear to be on the ownership list of both companies.
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Thanks for the information, in light of that it makes more sense, although I’m not sure whether one can now be relieved about elderly care or rather more worried.
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Kankaala Invest has also managed to sell almost 5,000,000 shares. I haven’t googled the buyer yet.
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Summa Defence’s net July holdings from nominee registers in Helsinki’s share capital was +43,970,113 shares (googled from Euroclear Finland).
Kankaala Invest Oy’s net negative of -4.8 million shares in July was only one-ninth of that.
Kankaala Invest is Arto Valtteri Kankaala’s investment company. Arto is —> a board member of the primary owner Markku Kankaala’s investment company, with Markku serving as both CEO and chairman of his company.
The founding of Summa Defence was a brilliant stroke of genius at just the right time. The only mistake the founding trio made was putting their own stakes under a 1.5-year sales ban.
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Alright, let’s do a reverse split with a ratio of 100.
The penny stock effect will vanish, and probably also its status as a speculative stock. What will happen to the valuation?
In my opinion, the situation is well illustrated by another announcement today - a company with a market cap of 210 million euros issues an announcement when it manages to sell 8 tractors.
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But sales to the defense forces clearly exist.
Since trading with the Defence Forces Logistics Command is clearly highly valued among investors, for example, the firewood dealer winning this tender should list their company on the stock exchange as a defense industry player:
https://tarjouspalvelu.fi/UX/TP/SiirryTarjouspyyntoon?p=2362&tpId=559106
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Yes, this would be a great opportunity for
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I immediately became an owner of Meriaura when the news of Summa’s establishment came and made a pretty good profit. Then my faith in the whole scheme faded, even though I joined the second wave and made a small profit from that too. Until Kakkonen’s speeches and other things came along. I didn’t dare to join anymore. However, last week’s news about starting drone production, buying the harbor, and that Defense Forces order got thoughts and buying actions moving. I acquired a small slice again. I thought that if the Defense Forces buy 3 M€, then maybe they’ll buy again. That’s why I’m an owner again.
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Now, one hundred to one, meaning the new price would now be €4.8. From that, there is again room to fall to its correct level, i.e., around €0.2-€0.48.
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Why would Nieminen, with such an impressive career, join a multi-industry company like Summa, where only promises have been made so far? Why doesn’t he look for a better position, and why was he “available”?
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“The need for new types of technological innovations, especially in the areas of situational awareness, mobility, and defense”
This expertise is needed today.
One more job before retirement age, with attractive terms?
Nieminen, however, seems to be under 55, but otherwise, when I look at the company’s management, I’m not entirely sure if extensive experience is necessarily as great a thing in business life as it is on a CV. The majority of Summa’s board members are, like, seventy-somethings:
In the management team, on the other hand, the average age of Holopainen’s companions hovers around sixty:
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Alright, now the pledge holders are going to actively trade the main players’ shares! 
Koskela’s Jerovit Investment has pledged 15 million Summa Defence shares it owns to institutional lenders as collateral for the financing it has acquired. According to the terms of the pledge, the collateral holder has the right to conduct intraday trading with the pledged shares. The Board of Directors of Summa Defence has granted approval for the pledge made under these terms and permission to release the necessary amount of Summa shares owned by Jerovit Investment from the transfer restriction to enable the
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“Space technology could be Finland’s new Nokia.”
Good story.
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https://x.com/intermarium24/status/1965841830756663361
EU allocates 6 billion euros for Ukraine’s drone production.
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Haha, if the “institutional lender” is not the same group, then what is the amount of financing in relation to the nominal value of the shares for the day, perhaps <10%? It sounds a bit like someone sits down at a poker table, buys in with play money, and keeps the winnings.
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@jasu how do your latest links relate to Summa?
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The drone page has also been updated slightly: Summa Drones – Summa Defence
The blurry image on the page has been taken directly from Kortti’s homepage: Оса-8 – CDET
Neither Summa Drones Oy nor Summa - KORT Oy has yet been registered in the tax or employer registers. Such entities could perhaps be called passive shell companies?
Kauppalehti wrote today about listed companies whose assets consist mainly of goodwill (paywall): Peräti 11 pörssiyhtiössä potentiaalinen tuho olisi suuri – Varo liikearvon alaskirjausriskiä | Kauppalehti
»In practice, Summa Defence’s entire equity of 188 million euros consists of intangible goodwill. “The company’s invested unrestricted equity fund has also grown by 187.7 million euros through a “share issue” as a result of the acquisition, even though according to the cash flow statement, the paid share issue was only 26,000 euros,” Rajala states.
Summa Defence has boasted about its net debt-free status and a high equity ratio of over 60 percent. At the end of June, the company had cash reserves of 9.734 million euros and interest-bearing debt of 9.456 million euros, meaning the company was just barely net debt-free.»
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Presented by the best experts.
The trading volume was wild, 4,617,980 shares in 1/2 an hour.
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