Rumours continue to circulate on Wall Street that Vancouver based entrepreneurial private equity firm Summus Solutions N.V. will be doubling their stake in Israeli start up, Ionoterra Limited.
Summus Solutions N.V., listed on the Toronto Venture Exchange under symbol SS.H, – as per the 31st December 2019 filings – already owned 11% of Ionoterra Inc. and with Ionoterra hitting the headlines of late, with talks that they are planning to do a Proof of Concept in California and are about to sign a number of multimillion-dollar contracts with a number of governments around the world, Summus Solutions N.V. vying to increase their equity stake in Ionoterra Ltd., who can blame them? Ionoterra Ltd. is considered to be hot property on Wall Street right now with most firms laying odds on bets that Ionoterra Inc. are on the verge of hitting the big time. If you’re looking for the next potential Unicorn company as an addition to your portfolio, look no further than Ionoterra Ltd.
Although unconfirmed, there are whispers circulating that Ionoterra Ltd. has recently turned down a host of sizeable investment offers from big name private equity investors such as The Carlyle Group, CVC Capital Partners and Kohlberg Kravis Roberts. Doran Angelovitch, CEO of Ionoterra Ltd. said; “When we started out, we approached a number of private equity firms in the hope they would assist us in realising our dream of implementing our exclusive patented technology which we knew would give citizens of our planet, eight hours warning before a devastating earthquake was about to strike their region. Almost all of the firms we approached did not believe in us. It was only Summus Solutions N.V. who showed faith in us in the beginning and supported us financially, allowing us the time and the resources we needed to achieve proof of concept. Of course, now our technology has actually been proven, and we have very real interest from many governments as well as the United Nations to deploy our technology worldwide, we have received many offers from those same private equity firms who turned us down initially. We shall continue to achieve our goals and aspirations in partnership with Summus Solutions N.V.”
Urs Meisterhans, President and CEO of Summus Solutions N.V. was unavailable for comment at this time, but should Summus Solutions N.V. increase their stake in Ionoterra Ltd., their share price will skyrocket giving joy to all shareholders in Summus Solutions N.V.