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VELTYCO AGM: SHAREHOLDERS SHOULD BE AWARE OF THE COMPANY’S BINARY OPTIONS CAROUSEL

Binary options were a very important pillar of VELTYCO‘s business model. In the course of the Reverse Takeover (RTO) and the stock exchange listing in summer 2016, VELTYCO has repeatedly emphasized and confirmed this point in official documents. VELTYCO was the operator of Option888 (www.option888.com), one of the best-known providers of binary options. Option888 Marketing Ltd is still a member of the VELTYCO group of companies.

Because of the legal problems known to the management of VELTYCO and perhaps also to protect themselves against annoying investors, the business model was configured around two distinctive layers:

  • Marketing layer: Domain, website, and marketing (VELTYCO Group)
  • Legal layer: Operator and license holder (offshore companies)

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