Veltyco Share Discussion Threads

[farmergeorge] 17/1/2020 10:44

Ok, I missed the news.

As they raised some money a while back I assume that they are optimistic about opportunties.

[johnv] 17/1/2020 10:20

It should say shutdown

[johnv] 17/1/2020 10:20

They have said....

[johnv] 17/1/2020 10:19

They have Shut down all the Bet90 terminals and going only for online Betting and said they will expand into other markets. News out today

[johnv] 17/1/2020 10:17

They have just bought the rest of Bet90. I don't what they are like.

[farmergeorge] 17/1/2020 09:50

There seems to be little news around at the moment.

[johnv] 17/1/2020 09:33

Anyone following these

[farmergeorge] 20/12/2019 17:01

Still some life in the old dog...

[tomboyb] 16/7/2019 12:29

Further to the Company's announcement of 17 May 2019 and the Group's report and accounts for the year ended 31 December 2018 ("2018 Accounts"), announced on 28 June 2019, the Group's revenue and hence cash receipts in June for the Group's combined sportsbook and casino operations were lower than management expectations due to a large customer win, impacting the Group's available cash resources.

As a result, the Group, as set out in the 2018 Accounts, continues to be reliant on being able to manage its creditors, which continue to be meaningfully in excess of the Group's current cash resources, and the Directors continue to be of the view that further funding will be required. Whilst the Group has a number of ongoing discussions with regards to potential funding options there is no certainty that such funding will be available and/or the terms of such funding. In addition, following the lower than anticipated revenues in June, the Board has taken the decision to accrue Directors' salaries going forward.


Needs funding to keep the lights on -

Looks like a dead business to me -

[tomboyb] 16/7/2019 12:22

Rns out -

In the event that trading remains below the Board's expectations and/or the Group is not able to manage its creditors and/or the Group is not able to secure further funding, the Group's ability to meet its liabilities will be materially impacted.

[twistednik] 30/5/2019 08:41

Could bounce towards 6p

[twistednik] 30/5/2019 08:41

Bounce is on ! Big premium paid for raise on current price

[wetherspoons12] 28/5/2019 20:08

carlsagan1 .... I've been with XO since 2014 after ii put their prices up then and I've found them to be very good.

[carlsagan1] 23/5/2019 18:55

Does anybody have experience with brokers X-O(by jarvis) or iweb-sharedealing(by halifax)?

interactive investor have increased theres fees again(from £90 a year to now £120/£240), along with the bugs, its time I finally left them...

Both x-o and iweb have a simple flat trade fee of £5.95 per trade and have no monthly/yearly admin fees or inactivity fees..

[the stinger] 13/5/2019 21:10

Dire now....however if they are successful with the £10m receivables then fireworks here...very interesting!.

[rcturner2] 10/5/2019 13:37

RCTurner221 Nov '18 - 09:47 - 750 of 782 Edit
0 2 0
Well, either this is a new tech exciting and growing business or it is a highly dodgy shell company shuffling invoices between related parties while money is never paid.

You decide.
ONJohn21 Nov '18 - 22:16 - 751 of 782
0 0 0
Announced in the recent Budget, RGD is due to increase to from 15 to 21 per cent. from 1 October 2019
RCTurner222 Nov '18 - 07:26 - 752 of 782 Edit
0 0 0
Looks more and more like a scam.

Receivables to be written off and insufficient cash to continue trading seems the likely outcome.
RCTurner222 Nov '18 - 08:03 - 753 of 782 Edit
0 1 0
Last one out turn off the lights.

[1bond] 26/2/2019 08:47

Jeza4,
Your link 17 Feb didn't work so I found the story which I have posted below.

Breaking News: Option888 Operator Uwe Lenhoff Arrested
Veltyco and Uwe Lenhoff - companies and brands
The European online landscape has become much safer in recent weeks. In one of the largest cybercrime campaigns, police authorities from Germany, Austria, and Bulgaria have smashed what was probably the largest network of illegal brokers and scammers. Even on a global scale. With the arrests of Israeli Gal BARAK and German Uwe LENHOFF, the European cybercrime scene loses two of its biggest and most aggressive perpetrators. That’s good news for the online scene and investors.

The German Cybercrime Pioneer
The German Uwe LENHOFF has allegedly ripped off millions of investors and clients through his network of offshore companies, his UK listed VELTYCO and illegal broker sites, online lottery sites, and other casino and gambling sites. The dark empire of Uwe LENHOFF included the illegal broker sites Option888, TradoVest, and XMarkets. Especially in Germany and Austria, many investors have lost millions with Option888. FinTelegram is aware of individual investors who have lost hundreds of thousands of Euros on Option888 with binary options. Many of these ripped-off investors have filed charges and thus triggered investigations and finally the police actions.

In addition to the unregulated and illegal broker sites, the LENHOFF network also operates LOTTOPALACE, which offers bets on lottery tickets, bingo, and scratch cards. FinTelegram receives complaints from customers of LOTTOPLACE who do not get their money paid out.

[freddie ferret] 18/2/2019 17:17

Interesting situation.

[oneillshaun] 17/2/2019 20:58

well they seem to be going though a huge amount of hassle for company with a market cap of under £6m, seems proper dodgy.

[jeza4] 17/2/2019 19:48

This doesn't look good for getting the receivables paid at anytime.

hxxps://fintelegram.news/breaking-news-option888-uwe-lenhoff-arrested/

[nico115] 15/2/2019 09:30

Yes and if we fall to 3p it may be in directors interests because they can get options at 5p then!! Called reward for failure

[mortimer7] 15/2/2019 08:48

Unbelievably greedy & immoral. Might have been a better plan to give the options to the credit controller & collect some debt.

[nico115] 15/2/2019 07:18

Directors here will be laughing "Who cares our shares have fallen 80 pct. under our tenure we will just issue ourselves millions of options with no financial conditions "Reward for losing 11m in receivables !!