Charles Scoville CEO
Unless the SEC can re-write the definition of investment within the law books, and twist customers who purchased ad service into the term "investors" - Traffic Monsoon will win. Their complaint even says that Traffic Monsoon was not selling the service as an investment, and our promotion tools were not selling any investment. If there is no guarantee of payback, no returns, no refunds, no income guaranteed - then it truly is not a security. There is no interest rate being offered, no rate of return being offered, no time span for someone to receive their money back with interest, nothing. Even the terms of service every member agreed to holds each buyer in full acknowledgement that when they make a purchase it is for the ad service, and they fully acknowledge their purchase is not an investment and can expect no return, and no refund. While it is true adpack buyers are enabled to surf, and the company gives these people revenues from the sales of ad services sold on traffic monsoon, these are not returns. This amount given is not guaranteed. There is a cap, but no indebtedness if there is nothing given for their surfing.
Unless the SEC can re-write the definition of investment within the law books, and twist customers who purchased ad service into the term "investors" - Traffic Monsoon will win. Their complaint even says that Traffic Monsoon was not selling the service as an investment, and our promotion tools were not selling any investment. If there is no guarantee of payback, no returns, no refunds, no income guaranteed - then it truly is not a security. There is no interest rate being offered, no rate of return being offered, no time span for someone to receive their money back with interest, nothing. Even the terms of service every member agreed to holds each buyer in full acknowledgement that when they make a purchase it is for the ad service, and they fully acknowledge their purchase is not an investment and can expect no return, and no refund. While it is true adpack buyers are enabled to surf, and the company gives these people revenues from the sales of ad services sold on traffic monsoon, these are not returns. This amount given is not guaranteed. There is a cap, but no indebtedness if there is nothing given for their surfing.