Topic: [ANN][ICO] The Snowden-Coin.com - page 2. (Read 671 times)

Simple Answer. The way YOU talk to me, is the way I talk to you. I don`t like to talk with anonymous accounts, haters or people not intrested in our work, only intrested to disrespect others or spread lies to grab some shares cheaper. All real investors can call us at any time (and use that option daily) we have a great nearly 24/7 support for real investors or customers. Have you ever called us or written with a non anonymous account? linkedin, xing, facebook, wherever? No, you did not!. So your kind of communication is poor..not mine.  


by the way. Its not allowed to answer questions in wallstreet online for an CEO. I tried so years ago and was blocked.

See above. I was blocked by wallstreet online. Years ago, we had an investor forum to answer questions, but it was not used only spammed, so we closed it. We have a facebook-Site, did you ever ask a question here? We have email. when did you send a question, which was unanswered? never! Same for phone. Why do we have best relationships to all shareholders, except you "Apfelbonusmeile/AppleExtraMile"?


Untrue. Years ago, our lawyer AND the auditor forced (!) us to post the damage claim into the balance. Otherwise we would hide an important claim value. Now another supervisory auditor said the opposite, so we had to correct that ! Its far beyond "Fake".
BTW: 4 different independent auditors over 12 years had a different legal opinion than this single supervisor auditor.
Its forbidden by law to add our legal opinion. The text message for that adhoc message was written by Bafin. Not only the meaning, we had to publish it WORD by WORD exactly like Bafin told us. We had a complete other different legal opinion. Like the 5 auditors of us as well. Its forbidden by Bafin to add our legal opinion. We were forced to tell it exactly as Bafin gave us the message ! We had to say, that this IS OUR legal opinion, which it was never. I can send you the emails and letters between us and Bafin. Its quite simple: Our damage claim against RTL Broadcaster was about a million €. So bringing in 400K into the balance is fair treatment against shareholders. And that was not even our idea! The 2015 auditor told us, we have to! Otherwise we would hide an important fact (a benefit) and shareholders can claim they wouldn`t have sold a share knowing about that claim. As far as I remember that claim also meant to pay profit taxes as well in that given year ( I am not sure, I guess it was 2005, when we have succeded against RTL at the BGH and started to prepare the damage claim battle)
 
Wrong! if we announce something, we also release...

We cancelled a lot in our long history. The average of vc-market or innovations of big companies (new products) has a failure rate 9/10. Our failure rate in new products is approximatly 3/10. Most products failed due to a lack of marketing budget due to failed capital increases. No new capital (support by shareholders)->no marketing budget-> even a top product can fail. As you know, our capital was after IPO the same as before, due to "dotcom" crash 2000. Other companys with "professional" CEOs simply would close such a company (in 2000 all our competitors did so, metabox etc.) . We did not. We stick to our company.

see above. I explained why we do not use Wallstreet online for chats. Most of the chats are asking for unpublished future plans. To talk about before an adhoc message is also forbidden by law. And in former times we did a lot of adhoc messages to keep shareholders up2date. This ended as Bafin did also forbid that and named it "abuse of adhoc message system". Yes you are right. Since then our adhocs are not as often than before.


See above. With respectful non anonymous shareholders we have very good relationship. And we admit failures very often. It was a failure to trust the legal system in germany, to trust in independent judges etc. we learned our lessions, as well as Berry Diller did with aero.tv in the states :-))) when it comes to disruptive game changing media technology, don`t trust the government... it depends on that industry..the broadcasters are very powerful..

repeating the same wrong facts over and over is spamming. First question is always ok. Your "questions" are not new. They are all answered hundred times in wallstreet forum by real investors. If you still think we are gready ,its your personal opinion and ok. Repeating it over and over is spamming. In this forum you name yourself an Investor, but in Wallstreet online everybody can read that you don`t have a single share.
BTW: Why are you such a hater? dissapointed shareholder? when did you invest? 2000?


I answered all your questions. Yes, if you name me gready, its personal. I could easily show you, that salary is probaly the lowest of all CEOs at regular market. I know, you know the facts.


Cause it is. I give you an example: as we developed live peer to peer tv transmission, this great innovation was honoured in an  "the new york times" article as "great product". German newspaper (Bertelsman group?) named it "impossible". We did it. And more than that. We were a year ago one of 2 companies worldwide supportingVC9 in HTML5 . The other one was backed up by US Venture capital with lots of mio. of dollars. Is it my fault, that germany has much harder access to capital? That high tech is better honoured in US? or Compare the german ICO market with the US ICO market. Overregulated!!


As we introduced the Telefairy v1 2000 this was the right product for the right time.We kept our promise to bring that product to market. But the market has changed, satellite receivers are not as common as 15 years ago. Our product  is now more suitable for an app. As soon as Samsung or other gatekeepers allow our app in their market, things can change...TV blocker are not a technical product anymore, its a strategic decision. (see apples announcement of the "Ad free" TV, did it ever came to market? :-)  TV landscape has changed in the meantime and over the years we were illegally stopped.


Again wrong. Its working quite well. Me and my kids do not consume advertising. I use the box on all of my TVs :-) But your are right, sales are so low (we went on market without a marketing budget), we don`t develop on it anymore (with small exemptions) since 2017, when we started UltraUpload.io development.  

With UltraUpload-ICO means we finally have a proper marketing budget. We learned our lessions. Thats why we trust in clever offshore investors and not in slow german market.. ask yourself why "our Facebook" failed ("Wer kennt wen", by the way coded by a former TC developer)  and not the US-facebook.

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.

1. Again you have "forgotten" the 100% and 50% salary waiver of the CEOs in the past over years.
2. some of the developers are paid directly from the customer
3. Some of the salarys are in other accounts (external costs) / freelancers / sending bills -> costs

Here you are right and at least now, you should recognize, that your math is wrong. See above (2./3.) for the reason.

as said before, we invested a lot in 2017/18 into UltraUpload.io and so even forego revenues ..is that desperate? You can read in the annual report, that our cash reserves are well filled and increasing... no problems here, at least much more cash reserves than most startups..We are public listed company so all we do is fully transparent, but even you got all data, you don`t read the numbers correctly..

Okay, lets keep it simple.

This is how the company is doing:

https://abload.de/img/screenshot_20180910_2b9emp.png

Umsatz = overall turnover
Gewinn = profit (or loss)

https://abload.de/img/screenshot_20180910_2nhiv6.png

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.

.. the reason for that loss is a special depreciation loss (damage claim), well explained in the annual report... I know, you know...as said before..that kind of spamming is boring..

it`s so boring...  I know you guys from spamming the german wallstreet board... so , if its your opinion that CEOs are so bad , how could they show up with such a great technology like ultraupload.io ... I did`t hear a bad word about the product itself?  compare it with other zero knowledge networks like storj.io and let me know, if UU is great or not ..

Is this how you treat potential investors or handle critics? Nice to know  Now I'm glad I did not invest

I was interested when I stumbled over Snowden-Coin and your concept yesterday, so I read it. Is it forbidden to do some own research and spread the word? An ICO includes the team or company behind it, so my critics already implicitly covered the ICO

Btw: your english is bad (just to reply to your dull "Activity" argument).

The revenues 2016 doesn't make it better in any way imo, >25% is also a big piece of the cake. Being a CEO doesn't justify a huge salary when you are a bad manager. What about 2015? 291k salary and 322k loss of profit...

Why did you read, if not intresting?

Btw: your Activity: 1, Merit: 0 means, you just registered here, just to say that? okay ....

Why did you take 2017 revenues and not 2016 (over 1,2 Mio)?  In 2017 our investment into the new UltraUpload.io Technology lowered the revenues.
Obviously you don`t know german tax system, cause with 70k/year after tax your suggestion is very close ...
P.S. if you find a CEO working for that salary in Germany PLEASE let me know :-)

any other critics? maybe about the ICO or the product?

Why are you giving such a big fuck then? Looks like a shitty justification 

Even if 50% is the truth of this post (you said that), I wouldn't invest in such a poorly managed company like yours.

ICO is 100% about trust and after googling your company I can't say you are trustworthy in any way! My german is not the best but I could read that both CEOs are claiming regularly a big part of the companys revenues. Looks very greedy to me and reflects badly on your ICO. For 2017 over 40% of 745k Eur (307k Eur). Why not invest in marketing? You can have a good life in germany with 50k Eur but both took 150k last 3 years...

Btw what is this: https://ultraupload.io/downloads/1PagerICO.pdf we aren't in 1998 anymore, my 10yo son could make a better paper than this trash.

How can I contact you? You do not accept messages from forum newbees :-) Best Regards..

Dear AppleExtraMile,
nice to see you here and thanks for the Traffic. We know you guy very well from the german share board wallstreet online. Your posts are however a mixture of 50% truth but with false conclusions and 50% untruth..., let me show were you are wrong:


You "forgot" to mention, that we made our IPO in the middle of the "dotcom" bubble burst 2000. three other IPOs canceled their IPO that day, we not! You "forgot" to mention, that the main drop of the share price was in the first week of IPO due to general drop down of technology values those days.



We are located in the strongest regulation area of the world: GERMANY . We give regular updates to our shareholders, we anser questions to our shareholder even midnight on phone, we have annual meetings, but we never saw you there ?!?! Of course, we don`t give out "insider information" to you, no matter how often you ask ;-) if you want to buy our shares cheaper, keep on bashing.. ;-)

That is also untrue: Share profit 2014->2015  128%
shareprofit 2012->2013  256% ..
however it depends on the time you bought the shares.. don`t blame us for your bad timing. TC is the most volatile share in german market cause very little liquidity, cause long term shareholder keep their shares over decades. From time to time we see some share-hoopers, making fast money on speculations to the best or to the worse (like you) and for some of them it works, if not for you, don`t blame us.

Here you also "forgot" to mention, that this adlocker was HUGE success in 2000 (it was in the news everywhere and sales request was HUGE), but german major broadcaster managed to prevent market introduction over decades. You "forgot" to mention, that it took 14 years to be allowed going on market..what do you think, this means for market succes.. But however, like with our IPO , we kept, what we promised and delivered the product.
Thats more true, than the words before, but you again "forgot", why we made that software-creating-contract. Just to survive until we got damage claims from german broadcasters, which prevented illegally our market introduction of first tv ad blocker. And the risk to cancel that contract is lower, than you might think. We are running all their websites since 15 years, its our software and even basic technologies is ours. We licensed for example the unique Peer to peer realtime tv distribution software to that customer.

We cannot confirm your speculation, but in germany as well as in switzerland those services are legal. See BGH (supreme court) speaking 2014. In US Berry Diller startet similar services (Aero TV) but it turned out to be illegal in US. For example there is a legal german service www.save.tv public available doing similar private recordings. So its untrue to name it "gray area".

Are you located in media industries and unhappy about those services? Thank you for underlining our reputation doing UltraUpload.io. Yes, we DO NOT cover interest of big media companys. We ae on the other side. Side of "free speech" and supporting customer interst of private copy. We as customers pay with evey single bit of hardware for that right !

?? we succeeded against RTL at the highest german court BGH (similar to US supreme court) wrong facts?

No one is on our heels :-) You "forgot" to mention that we again succeded in the legal battle against tax authority at our first instance. We are in constant contact with "BaFin", even for the ICO. Nice bashing.

Sorry but this is completly wrong. Our salary is public (and unchanged for 18 years!! ), our revenues too. So its simple math were you are wrong :-)  And you "forgot" to mention, that we made a complete salary waiver for several years, when the company was low on cash. We supported our company with private means. So we are gready?

Yes, we have >10 developers, but freelancers we don`t put on the website... lying?

:-)) So, if we can develop such a great product in our space time , we are REALLY GOOD ;-) just check out www.telefairy.com to see, what this app can do for you...Is there any other TV Adblocker on market?  

?? if anybody would have given up, there would be HUGE Volume.. Do you see the contradiction? there is low volume cause only share hoppers ae trading.. real investors keep the shares since years and we support real investors quite very well

Cheap junk? did you forget the revenue of the legal service "MegaUpload"? 150Mio? And a "wikileaks for all" is just that, Assange and Snowden are fighting for.

:-) so now I am sure, you are from media industries..:-) sorry again, we fight not for your "Big money"..
you didn`t understand the system. Even TC is gone, the coin will survive and even the blockchain.. Can you stop bitcoin cause its used for illegal payments?

Thank you for refering about our history. You did unwillingly a lot for our reputation and made clear on which side of the "battle" we stood and stand for ever. So the risk, that our code has backdoors is low. And since a customer only needs a (faked) email adress, his IP is only visible to a hoster, that hoster doenst know anything about the content an even a given chunk can be used for legal or illegal content, customers here are much savy than in bitcoin itself.

:-) again untrue. We always have won our battles... I like your style of making wrong conclusions from right facts or  "forgetting" to mention.. you don`t need to ly. And if the domain is the target, we have already a solution, again unstoppable ;-)


Didn´t you see coin distribution? Our budget is covered for years. And if we would want to "pump and dump", we would sale our coins immediatly in a rush like others do and did. No, we sell our coins over 3 years, cause we expect increasing value of coins later, when the blockchain is running. You are talking now over 18 years about our "bankruptcy" but we never did?!?!. We saw a lot of competitors going down next to us, with better cash support from big VC partners. But we survived and I think, we proofed that we stick to our company, which we own for over 50% and is our existence for us and our familys and a lot fun to work hard for it evey day.  

Due diligence is always a good idea. Why don`t you ? :-) Let me hear the rest of your "story" ...

yes, for the 50% round it is 2000€
for 30% discount, minimum is 1000€
for 15% discount, minimum is 500€
for 10% discount, minimum is 200€
for main sale, minimum is 100€

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.

my got your post on the forum Bitcointalk and it found it really not exist!
All people does not give a interest of it, and you think your advertisements campaign is not good. You can out to a telegram group to chat and a admin multiple experience!
you can be do that, if you want or contact me