Because I'm totally wrong the premises of this company have recently been visited & searched by German authorities. Right.  

A search warrant isn't that easy to get. And the search took a whole day.

https://www.onvista.de/news/pta-adhoc-tcu-ag-geschaeftsbetrieb-der-gesellschaft-unterbrochen-aufgrund-durchsuchungsbeschluss-147687523

The accusation is copyright infringements. Among other things that aren't specified yet. This company isn't really good at telling things, they rather stay silent until shit hits the fan and afterwards anyway. As you can see again right now. There's no statement as any other company would deliver the very same day.

But it's not too hard to guess since some tax investigation is still going on (shady business practices playing boomerang) and the BaFin (German equivalent of the SEC) has some issues with how numbers are and were managed in the mandatory annual reports.

On top they don't seem to sell their coins: https://etherscan.io/token/0xd2457bff1b2cd7b24195e0e12c15b39725a5ebe1

Anyone not buying this can be happy right now since the latest police raid is hitting the Achilles' heel of this company pretty hard because it's aiming for the only source of income. Just check the reports, there's absolutely nothing else. And no income means this project is dead. As I explained before: Anything they promised or advertised for their coin and download platform is just running alongside the normal contractual work for a single customer, as long as resources can be spared. This happened before and well: the quality did tell and fail.

Give this a thought as well: The search warrant was issued because TCU (the company here) is involved in a rogue project located on the Seychelles (as explained before) that offers a paid TV recorder. Owners of the copyright (RTL Television) now strike back. The ideas of the Snowden-Coin and UltraUpload are based on expanding copyright violations on a massive scale. When TCU gets raided even now: how is this going to end if they start making money from selling stolen material on an even bigger scale?

Does really anyone believe you can make money by that and since it's somehow encrypted you are able deny any responsibility successfully and the cash just keeps coming in? I just can't see that happen. You'll be raided and stomped into the ground. When catching the big fishes authorities and copyright holders always follow the money. As they did seemingly right now and TCU is again less trustworthy, with a business model at the edge of failing completely.

How I tried to measure success of "UltraUpload" so far: By using Google.

https://www.google.com/search?source=hp&q="ultraupload"&oq="ultraupload"

Just checking how many results I get and what relevance they have.

"UltraUpload" was launched last year and has been online ever since.

Not much can be found. There's literally nothing going on. As an investor for a download platform that's almost online for a year you would expect something more compelling, wouldn't you?

As I said before: TCU masters the art of entertaining hopes and has never fulfilled them. Since their launch back in 2000. Just follow their history and cross-reference their promises with reality over the years. As a result of this I would check closely the plausibility of any answer you may get since the credibility of TCU is quite a bit flawed (just understating things here).

Wouldn't be surprised if they declare a customer base belonging to the single client (OTR) of TCU is as own or potential one. Even if they aren't really interested there because resonance was weak: http://www.otrforum.com/showthread.php?75107-Transfer-der-Aufnahmen-in-UltraUpload-io

Sometimes I get the impression that TCU is either a complete fraud or living in an alternative reality.

Just one example: While bragging about their "Persistent Legal Department" they mention: "Sued by major European Pay TV operator Premiere (now Sky) 2004, pending at European court".

Well, what did happen in short? The guy posting here created a platform for distributing TV streams ("CyberSky-TV"), mostly based on P2P. So far, so good. The issues start with the beginning, because if you are not the owner of content you can't distribute it to your likings. It's usually up to the owner to decide this. It's called "copyright" and it keeps business possible. Anything else ranges from pure socialism to communism or just China in their worst cloning days.

It gets even worse when you start distributing an encrypted signal of pay TV. That's what was done. Any sane mind will tell you that this is a bad idea and just illegal. Because if it wouldn't be they can close business instantly.

You may also see immediately the conflict here. TCU wants do to business on their own, wants your money and still they don't concede this to others. They just grab what they want, the property of others and try to turn it into revenue, even if they fail all the time. Things maybe would morally be different if this had been some underground piracy group with no interest in making money. But it wasn't.

Obviously TCU/Ciburski lost the legal battle and wasn't allowed to stream Premiere/Sky ever after. Strangely they still consider this as good advertising for their "Persistent Legal Department", even if the opposite is true. Strange view of things indeed. Proof: http://www.digitalfernsehen.de/Premiere-setzt-sich-vor-Gericht-gegen-Cybersky-TV-durch.news_716008.0.html This sentence is final and after all these years nobody is expecting something here. But TCU is still selling it as a win in opposition to the truth.

Speaking of wins and success: "Cybersky-TV" doesn't exist any more.

So you may discover part by part what you are dealing with here.

In the past you did put patents that were essentially worthless into you balance sheets. Just to inflate the numbers.

And now you are telling us that this is and was illegal?


Really? Lets do a little reality-check:


-> http://telecontrol.de/hv-2015.html

(In general you are a mastermind of entertaining hopes. Anyone can see just by digging a bit and finding out what happened after almost any announcement of you company...)

In short: at the End of 2015 you did announce an APP, the next bing thing. As part of your "TeleFairy"-Project. You said that the product would be ready for the market. Exactly your words. You may even release it in 2015. And you were eager to start it. Now it's 2018 and nobody has ever heard again from that thing. So we caught you lying.

In the German message board there was a big fuzz about that product, those who had still hope that you may get something right were constantly posting about it. This went on for months. No way you could have missed this, especially since you admitted here that you are monitoring that forum. Since it's the largest community in Germany to discuss the stock market you would be stupid not to.

Simple question: Since you knew about the discussions in that forum for so long and all the open questions as well: Why didn't you just release some Ad Hoc / newsletter / whatever_you_want_to_call_it that was addressing these issues? I mean communication is a way of maintaining a relationship. Especially after being a disappointment for so many shareholders so many times as you were and are. There are ways for sure. You went silent for months and even years. And don't tell me that you have those annual reports. They're just your damn duty and even that you don't get right.

Next question: You said you weren't allowed to take part on that discussion board. But why are other CEOs able and allowed to participate there?

Proof:

This one seems to be quite active. But also his company seems to be doing well.

Conclusion: You never tried to communicate things. You never cared. Probably because you aren't looking very well in any scenario.

And all you have now are lame excuses. Seems to be proven.

 

We can cut it here.

Did I get this right? You are advertising an anonymous download platform in these forums (and anywhere else), backed by coins that allow anonymous payment and anonymous revenues. In your spare time you are bragging about the CIA/NSA ("Ami go home!") and how they are endangering everyone's privacy and are wrecking anonymity. Additionally your coin is named "Snowden-Coin", after a person that strongly relies on secure and anonymous systems.

And still you don't like to talk to anonymous persons? Just to deal with factual arguments?

I sense some conflict here.

What a lame attack and excuse, seriously. If there are open questions or contradictions: answer them, resolve them. Stand your ground, stand you man. You never did in the past because the critics were right, had valid objections. And this is getting back to you right now. While you are seeking new investors. Unfortunate, I know, but well: nobody forced you to be bad at business for so long. You treated existing shareholders like pieces of crap and since you never changed anything in your behaviour this can only be seen a warning to anyone thinking about giving you money. Because that's quite likely also the future of things with you guys.  

Perhaps as soon as I reveal my real identity I am sued by you? I mean you are bragging about your legal battles all the time and how you claim for compensation. Do you think that encourages people to seek contact with you using their real identities? I believe not!

And how does my anonymity change the validity of any point I made so far? I mean even you are posting anonymously here as well, I see no real name anywhere in your profile. Or did I miss something? Talk about the pot calling the kettle black!

1. This was happening ten or even more years ago. Who cares? The actual greed is real, the numbers are bad, right here and right now. The past doesn't help since there is no positive effect coming from there.

2. So they aren't your developers and obviously can't be count into the project of UltraUpload or the "Snowden-Coin". Did you still do that? Lies again? Since the customer is on the Seychelles this must be a nightmare to pay people in Germany while evading law violations. Taxes, social insurance contribution and stuff in general. Strange construct. Why aren't you paid for the project accordingly to finance all assets as needed? Must be quite a bad deal. And since it's your only customer and your very existence depends on this project it seems apparent that someone has leverage on you. This makes you weak.

3. Why can't you create a report where anyone interested is able figure out where money comes from and where exactly it goes to? And what additional things are happening at your place, even if the financing is done by someone else? Or did you just made that up to not look too bad?  I mean: Dude, your reputation for transparency is as bad as it gets... 


This makes me think: Is the whole stock market getting it wrong since your value there basically knows only one direction: southwards. In all the time it always got back to the same low value, often for years. Obviously there has manipulation ("Apple may acquire TCU!") taken place in the past and even hype ("TeleFairy is the next big thing!"), based on false facts and of course lies again. But after these fallacies have worn off and after all in general you are still valued as a pennystock. There's no lasting growth and has never been. Not in almost 20 years of you desperately trying. And a lot of foul play.

The chart tells it all:

Hard to argue that truth. Or are you going to tell me that the stock market doesn't work? I believe that, apart from some fluctuations, it's pretty good at rating companies. Your long time assessment is negative.

Simple question:

Why is your communication so poor, in every aspect?

You had years and you obviously knew about all the problems and still you never managed to participate in the mentioned forum (www.wallstreet-online.de) or did address the most pressing concerns with a few statements. I mean you treat your existing shareholders like shit. Puts you in a bad light. Right now you pretend to care, but when you got the money this is likely to change. I mean in three years there was not a single reaction by you in in the forums where your shareholders were asking themselves what's going on - and here you respond within 24 hours? Wow. Just wow.

Again about communication: A federal institution states that you faked numbers in your reports. As did independent accountants before. And all you do is publishing this statement, without any explanation, commentary or apology? (Talking about this: https://www.pressetext.com/news/1528111740471 - It's basically saying that TCU added 412.000 Euros unrightfully to their balance sheets and by doing so they faked their financial health. Quite a serious accusation for a company that's traded at the stock market and now tries again to acquire money from investors.) Lies and fakes everywhere. It's getting back to you eventually.

Also things were announced and never released. Any company with dignity would have officially cancelled things at some point while giving a reasonable explanation about the circumstances. Especially when knowing that share holders are still discussing it. Not so much TCU. There was just silence. You guys are utterly bad at communication and even worse at admitting mistakes or failures. When looking at it the other way around it makes sense: since these are the only things happening at TCU all the time there's obviously not much to publish then. Well.

Interesting point is that asking valid questions plus having arguments about pressing concerns is "spamming" now? Tells me a lot about you and how thin-skinned you react to critics. Especially while referring to the own product as "great technology". As great as the "TeleFairy" perhaps - "the worldwide unique TV-Ad-Blocker and 8 other brilliant devices in one"? Wasn't so brilliant at all, was it? If anyone is interested how a dead product looks like: http://www.telefairy.com/ - made by TCU. Sales were inexistent, mostly because this product is just bad. Also there were three generations of this thing. They all failed miserably and they obviously didn't get better because sales even got worse with each iteration.

Is there more to say about the competence of this company?

Are you really willing to trust them with your money or your data? Look at their history, look at their products and there may be doubt.

Okay, lets keep it simple.

This is how the company is doing:



Umsatz = overall turnover
Gewinn = profit (or loss)



Gehälter = salary of employees (six at that time)
Vorstandsbezüge = salery for the two board members / management

Numbers are for the first half of 2018. They are official and can be found here: http://www.telecontrol.de/downloads/hj12018.pdf

You may learn at least three things here:

Firstly: The management is greedy. Check on older reports and you'll find the same picture. They take away 300.000 Euros away every year. Plus >20.000 for a car. Look at the numbers this company is generating and probably you decide: that's preposterous.

Secondly: Check on what those poor six employees are earning. I mean this is Germany. Do the math how much they get annually. It's a joke. You won't get a good programmer for that salary. Or they'll leave you at first chance.

Thirdly: TCU is in desperate need of money. Thus they'll tell you anything. Stories of success and revenue. Well, they did this before, over and over again, since the beginning. And it never went well for any investor.

These are just facts & plain numbers. And they're not much to be positive about.

Oh my.

Beware. This company has an impressive history of failing. They're not some new and fancy startup. »TC Unterhaltungselektronik« actually was brought to the German Stock Market in the year 2000 and has been unsuccessfully ever after. Initially investors paid about 15 Euros for a share, now they're down to 0.8 Euros. Do the math and guess what this means for the value of this company and their success in all the time. Correct: there's none.

They like to not give any information at all to their shareholders. Thus the word »fraud« is something TCU heard quite a bit from them.

Being invested here in any way is likely not going to end well for the investor. Nearly everybody has lost money so far.

Also it's quite interesting how they tick. They developed a box called »Fernsehfee« or »TeleFairy« that was supposed to rid of advertising in TV. Well, it was a disaster. That thing was a mess and sales were inexistent. And even the few customers complained a lot, until the forum where support was supposed to happen was finally shut down. Great job!

But that's only half the story. The other part is, that TCU has only one customer. That's right. A company traded at the German Stock Market only has one customer, a single source of income. Even worse: that source is legally located on the Seychelles, making it an obvious shell corporation. And if this contract is canceled TCU goes into instant bankruptcy. Living on the edge newly defined. Bye bye Coins!

But it's getting better: this customer they are developing software for is »OTR«, alias »Online TV Recorder«, recording stuff from TV obviously. And they're selling that service to make money. Legally this is a gray area. Taking stuff from TV stations you have not licensed to sell seems tricky, since they paid for that content somehow and can decide who's allowed to do what with it. Even worse: we remember that TCU developed something, albeit not working very well, to get rid of advertising and denying sources of income for the TV stations. The idea counts here. Like a parasite they always try to harvest money at the disadvantage of others. Isn't there a saying like »don't bite the hand that's feeding you«?

So TCU earns money from TV stations by recording and selling their stuff, half legally at best, and at the same they release something to wipe advertising. Nice move! Making not so much friends with those on which tolerance your very existence depends upon.

It's also worth mentioning that they lost a legal battle with a large TV network (RTL) they sued in the last possible instance. Before that they were bragging about how many millions of Euros the are going to squeeze out of that legal battle. Even when it went on for years without success and any amateur could foresee that this wasn't going to end well for TCU because they were desperately lacking arguments.

Also they have ongoing legal battles with German tax authorities since they seem to have tried to evade payments illegally. And they faked numbers in their annual reports they are obliged to publish since they are publicly traded. For that misdeed an agency called BaFin (»Bundesanstalt für Finanzdienstleistungsaufsicht«) is on their heels. So we've got two German agencies that are legally challenging this company. And since TCU is always really low on money and the punishment could be severe this is also a high risk of bankruptcy.

By checking the annual reports (available on telecontrol.de) you'll notice that at least 30% or more likely 50% of the annual total turnover of the company is used to pay the two members of the board. That's just insane. And telling you what this is all about. Two greedy persons grabbing all the money they can get. Probably your money, if you buy the coin.

They're also known for lying. All the time. Even now. In the papers for the ICO they're telling you that TCU has got >10 developers. Well, in the last financial report issued they were talking about six people. On the quite recently reworked web page they've got seven developers. That's still quite a bit less than >10. So again: a lie. TCU likes to exaggerate. They did this for years and have gotten nowhere.

Also these developers aren't working full time on the project. Even the last project I mentioned earlier (»TeleFairy«) was designed and developed during spare time since the only customer demands most resources. It was a catastrophic failure and just a fatally bad product. 

They tried to raise money at the capital markets by issuing new shares. This failed miserably. Nobody was willing to give them money since they burned all the cash, weren't able to show a single product that's working and never did treat shareholders fairly. Also the stock is trades poorly in general, there's just not enough volume since almost everybody has given up on this fraud.

So here we go now with their »Snowden-Coin«. Their alternative. The name alone is an insult. Snowden believes in something, even if you don't approve his actions or beliefs, and he definitely didn't leak information for money. The platform TCU has in mind is just about piracy and grabbing money. Cheap junk with a big name.

Let's take some illegal content, encrypt it and sell the stuff – that's the idea. We don't own any of that data, we don't even care about it, we are just here to make money when something is downloaded. And it can't be deleted, because we are so clever and this is how blockchains work.

Well. Think further.

I believe that they are going to get into trouble as soon as the first items with child pornography start to appear or just the copyright holders are moving. Just ask Kim Dotcom about them. Even if the files can't be taken down by the system the authorities will definitely target the company behind it. That's TCU. And it's questionable how long this network will last if TCU is gone. Without that the coins will be worthless.

Also there's not much transparency in what TCU is doing. I would only trust things that are open source. But they can't do that because this is all about them making money. So they need an infrastructure they can control. But how to know that not already someone else is with in the boat since you cant check the code? Law enforcement for example.

And what's going to happen with the value of the coin if TCU has been stripped of all computers by a search warrant? I mean they're located in Germany and not some country in the Third World where nobody cares. It's quite easy to figure out who's running the show. And even if their megalomaniacal believe is that they can evade the law: in reality they've always lost their legal battles.

Same concerns exist with bankruptcy. Remember: only one customer is providing all the money to keep this company running and also drains most of the resources. TCU is still beeing constantly low on money, cash grabbing is happening by the board, employees are paid poorly. If TCU goes down so does the whole project. And they are already on the edge at several positions.

I'm not seeing any success here. Only greedy folks with a questionable attitude starting one last attempt to join a hype train with coins and lots of risk for investors.

Do your due diligence. I'm only covering parts of the story here.