Does the company have to issue an announcement today, or can trading be kept suspended for even a week without a disclosed reason?
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It seems the guideline is âwithin a reasonable time,â but there is no more specific timeframe for it.
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One would expect a company involved in the security of supply to be better aware of the basic principles of (crisis) communication. Proactive and planned communication facilitates open and honest communication.
The underlying reasons are, of course, still unknown, but itâs hard to expect at first glance that there would be positive reasons behind it?
Personally, I do not own the company in question, nor do I intend to in the future. Somehow, the company has never exuded the kind of trust that would have made me want to become an owner (this is, therefore, a purely emotional matter and not related to any financial ratios 
)
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I will not own any company where the actives are involved.
They left Nyab in such a hurry when they transferred the money to Summa.
The talk was completely different with Nyab. Still a good company, and better now that the speculators have left.
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Or could it be that Summa has come up with a foolproof way to prevent the stock from sliding during year-end tax selling? Vague announcements about negotiations with a NATO country only slowed the price decline for a single day. But when the stock cannot be traded, its price cannot fall either.
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Half an hour until the market opens and the silence continues. I canât recall similar nonsense from Helsinki. For how long can trading of a stock be suspended without stated reasons?
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A tragicomic case. I left this out of my own investments based on warnings I received from the forum. In hindsight, it has been wise so far.
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Even Kauppalehti is reaching out to the company, but no response is heard:
âKauppalehti has not reached the company to comment on the suspension of trading despite attempts.â
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You would think that if they decided to apply for corporate restructuring, the matter would have already been handled and announced. Or is there another party involved in this and the silence, whose âanswer Summa is waiting forâ? So, maybe a deal is coming?
Iâll have to note down the name so I know to stay the hell away in the future. Luckily, this was only a twenty-euro gamble in the grand scheme of things, but this kind of shady business is still annoying.
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I donât know why that would be a reason to stop trading? Companies do keep operating on the stock exchange until announcements are released.
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Itâs hard to see anything good coming out of this. Summaâs entry into the stock market has certainly been strange, with all the issues related to it. From the acquisition of loss-making companies that are difficult to reconcile with the companyâs planned core business, to a board member and founding shareholder who is in debt recovery and who, according to their own account, has some financing sources in Switzerland. With executives leaving the company one after another, I cannot help but think that the trading halt is related to the discovery of some misconduct. Unfortunately. Hopefully, my gut feeling is wrong, and that wouldnât be the first time either.
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At worst, one of those who sold their company could be demanding an annulment of the deal or compensation from Summa. It is, of course, quite far-fetched, but those who sold their companies to Summa via a share swap are unlikely to be very satisfied with the current state of affairs.
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From a financial perspective, an acute cash crisis shouldnât happen just yet, but rather sometime during 2026 at the current rate of loss.
My own guess is that some other irregularities have been revealed.
The probability of good news is small but exists.
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Anyway, how are the responsibilities handled right now, since the company doesnât have a Communications Director and even the CFO up and resignedâso who is even managing these communication matters at the moment? Okay, now that Iâm writing this out given the situation, the question looks more rhetorical than I originally intended (= nobody is doing the job) âŠ
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Itâs likely the CEO, just as a shell company only has a CEO.
Iâm just saying that if it takes a long time to write a press release, it could be because they have to consult lawyers or even an entire law firm. Such releases, when they have to be issued unexpectedly, are rarely pleasant. Especially if authorities also need to be consulted for the release. Iâm starting to get a feeling that we wonât get any clarity until after the holidays.
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In Kauppalehti, Maarit Bystedt, Communications Director of the Helsinki Stock Exchange, states that the most common reasons for trading suspensions are âmatters related to the disclosure of inside information, such as an information leak or, for example, a suspension related to the delisting of a stock.â She is thus commenting on the topic at a general level, not specifically on the Summa Defence case.
Here is the source (paywall): Trading suspended for Summa Defence shares â This is how the Helsinki Stock Exchange comments | Kauppalehti
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I donât remember such a farce on the Helsinki Stock Exchange. When you remember this market history, you donât exactly feel like putting your money in anytime soon. Savosolar listed on the exchange back in the day; the business was pure shenanigans, money was raised round after round, after which it ended up in Meriauraâs lap. At Meriaura, they apparently realized what kind of trash they had gotten their hands on, and the damage was passed on by offering Summa a shortcut âto the exchange.â
The only question is how long this farce is allowed to continue.
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Summa can always surprise, but if there were some good news in the pipeline, the stock probably wouldnât be down 47% in a single month. Usually, particularly good news tends to show up in the share priceâsomeone always knows and canât keep their mouth shut; I donât mean this specifically regarding Summa.
News of a share issue would be easy and trivial to announce in an instant, so thatâs likely not what this is about.
A major deal or a takeover bid would also be very quick and easy to communicate.
In my view, whatâs left is perhaps some kind of partnership or ongoing negotiations, or then some vague shady business or lack of clarity, the extent of which hasnât been fully determined yet. I suspect the latter; they could have already said something to the media about any positive news. Trading is suspended, so no one could profit from it, but it would generate some attention.
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At worst, someone who sold their company could be there demanding a rescission of the deal/compensation from Summa. It is, of course, quite a stretch, but those who sold their companies to Summa in a share exchange are unlikely to be very happy with the current situation.
Meriaura also acquired Rasol, a supplier of solar power systems, in November 2023. The deal was paid for with Meriaura shares, and the sellers were subject to a trading restriction that was valid for 5 years.
I donât know the sellers of Rasol, but personally, I would at least take it to court if I had sold a company I founded in exchange for shares in a credible shipping company, only for them to suddenly turn into shares of a bankruptcy-ripe himmeli (convoluted scheme) that I couldnât sell for five years.
Meriaura Group Plc: Meriaura Group acquires solar power system supplier Rasol | Arvopaperi
The purchase price has been paid through a directed share issue based on the authorization granted by the Extraordinary General Meeting on 25 November 2022, as decided by the Board of Directors of Meriaura Group, in which a total of 66,233,428 new Meriaura Group shares were offered for subscription to the Sellers at a subscription price of EUR 0.05918462 per share. The number of shares corresponds to 7.6% of the total number of Meriaura Group shares after the completion of the share exchange.
The Meriaura Group shares issued in the share exchange are subject to a disposal restriction for the portion exceeding a value of EUR 1,000,000, which is valid for five (5) years from the completion of the share exchange, provided, however, that shares are released from the disposal restriction in equal annual installments. The Sellers will continue in the service of Rasol.
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