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VLTY Veltyco Group Plc

8.40
0.00 (0.00%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Veltyco Investors - VLTY

Veltyco Investors - VLTY

Share Name Share Symbol Market Stock Type
Veltyco Group Plc VLTY London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 8.40 01:00:00
Open Price Low Price High Price Close Price Previous Close
8.40 8.40
more quote information »

Top Investor Posts

Top Posts
Posted at 23/5/2019 18:55 by carlsagan1
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..
Posted at 26/2/2019 08:47 by 1bond
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.
Posted at 21/8/2018 08:25 by bad speculator
Just to be clear - I have a lot of respect for Gilles Ohana who I saw speaking at an investor event and who I think is doing a solid job trying to run a professional ship.I am however not impressed with the Veltyco network of companies, shadowy ownership structure and cash collection problems.It may well turn out to be a great business and a bargain at this price, but it's way above my risk tolerance right now
Posted at 26/7/2018 13:20 by dopey47
Looks like we have two experienced comedians on this board......but they are inexperienced investors. It was not a US bank who bought shares from the founder.
How many red flags do you guys need?
Posted at 19/7/2018 10:36 by bahiflyer
Maybe you would be of more use telling it to the poor institutional investor who bought them.
He clearly hasn't a clue and pales into comparison to your two's superior investing expertise, LOL.
Posted at 19/7/2018 08:27 by thechurch333
What's that? Not enough red flags for you? OK, here's another one...

The Company's main shareholder, Lensing Management Services Ltd ("Lensing"), a
company indirectly owned and controlled by Mr. Lenhoff, the Company's Head of
Business Development, has informed the Company that it sold 1.4 million
ordinary shares of no par value in the Company ("Ordinary Shares") for a total
consideration of £975,000 on 18 July 2018 at a price of 69.6 pence per share.

The sale was effected through an off-market transaction with the 1.4 million
Ordinary Shares being purchased by a US based institutional investor.
Following this sale, Lensing is interested in 22,852,265 Ordinary Shares,
representing approximately 30.5% of the Company's issued share capital, and
hereby reaffirms its commitment to support the further development of the
Company in the future.



Note there is NO commitment not to sell any more shares, which tells you he WILL continue to sell.
Posted at 07/6/2018 08:10 by czar
The shares have come back on nervous investors dumping because of late results, this company should be trading well over £1, over £2 is realistic imho.
Posted at 30/4/2018 10:37 by 5chipper
Was the 318k sell just one investor off-loading or a roll up of a load of stops being hit?
Posted at 07/1/2018 16:49 by junior21
I don't think it's been mentioned here, but the company are presenting at a Sharesoc event on 13th Feb. This will hopefully expose the company to a host of new potential investors.
Posted at 21/12/2017 10:01 by aleman
tez123 - where does it say anything about Bitcoin? I doubt they will accept it. It is too slow and expensive for gambling - for most things, in fact, with a median transaction fee for quick conversions around $20. If BTC don't change quickly, they will likely be overtaken by cheaper and faster alternatives and it might even collapse. Bitcoin Cash already looks to be gaining on Etherium and Bitcoin and there are others that look quicker and cheaper. I'm not investing in the crypto space but Bitcoin would definitely not be on my list if I was. I don't think it is going to remain top dog much longer unless it changes. That is why some investors in Bitcoin pushed for the Bitcoin Cash fork, where the transaction fee is about 100 times cheaper.

I think it is more likely a series of individual currencies will be set up for each VLTY client site - some might be ICOs and some might be by mining. Each site will have different tax requirements and tax authorities take a different view depending on the type of cryptocurrency. (Yes - tax authorities are already starting to get involved but people trying to get into the space don't tell you much about that risk when they are trying to get your money.) Some offerings will be taxed as income if it's a straight swap and some will be regulated as securities if benefits are conferred to investors. Mined coins tend to attract neither for now but might if they attract some kind of benefits, or might see exchanges regulated if they get viewed as widespread currencies rather than tokens to just operate on one or two sites. Different VLTY clients will have different views on which tax route they want to go down so will probably want different cryptocurrencies that VLTY can operate in one wallet. Each having its own crypto will make it harder for customers to take winnings onto a competitor's site, although in time competition will push weaker ones to the sidelines and they may well accept others in VLTY's wallet - that's if regulation doesn't overtake everything, which it probably will in a few months. Meanwhile it's rush, rush, rush!

This is just my GUESS on what research I've done, although it is amazing how many crypto launches are just ignoring the nascent tax and regulatory issues in their mad scramble to get on the gravy train before it leaves the station.

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