Charles Scoville CEO
Here's the heart of the matter according to the SEC. Since people who buy an adpack - yes it's a service - also receive a sharing position, which brings about an expectation from the buyer of the adpack to share in revenues through clicking ads through the traffic exchange... it's their interpretation that this is a security. In their words, they are saying that since the buyer expects a return by clicking ads it makes the purchase an investment. Even though TM has always said they aren't receiving a return, but simply qualifying to share in revenues by clicking on ads.. it's their opinion and interpretation that TM is offering an unregistered security.
So, for example- ClixSense offers an upgrade. By upgrading the buyer would receive more guaranteed ads per day. Basically, by upgrading they would have return on their investment having more ads to click and get paid from clicking.
Neobux offers an upgrade. By upgrading, the buyer would receive more guaranteed ads per day. Basically again- by upgrading the member would have more return on their investment because they would have more ads to get paid from clicking.
So when you look at Traffic Monsoon, and speak evil against it.. showing the SEC filing.. basically what you are seeing is that people who buy an adpack can click more ads and earn more from clicking than free members who click through the traffic exchange for free, or simply click on cash links alone.
Here's the heart of the matter according to the SEC. Since people who buy an adpack - yes it's a service - also receive a sharing position, which brings about an expectation from the buyer of the adpack to share in revenues through clicking ads through the traffic exchange... it's their interpretation that this is a security. In their words, they are saying that since the buyer expects a return by clicking ads it makes the purchase an investment. Even though TM has always said they aren't receiving a return, but simply qualifying to share in revenues by clicking on ads.. it's their opinion and interpretation that TM is offering an unregistered security.
So, for example- ClixSense offers an upgrade. By upgrading the buyer would receive more guaranteed ads per day. Basically, by upgrading they would have return on their investment having more ads to click and get paid from clicking.
Neobux offers an upgrade. By upgrading, the buyer would receive more guaranteed ads per day. Basically again- by upgrading the member would have more return on their investment because they would have more ads to get paid from clicking.
So when you look at Traffic Monsoon, and speak evil against it.. showing the SEC filing.. basically what you are seeing is that people who buy an adpack can click more ads and earn more from clicking than free members who click through the traffic exchange for free, or simply click on cash links alone.