Charis' New Blog. Her first post!
Well, Charis has no control of 12dp or its forum. The SEC does, according to her blog.
Read on...
To those watching for a comment from me on the 12dp forum regarding today's SEC press release and the cooresponding filing, there will be none there.The website is to now be under the control of the SEC and thus I am unable to post anything on the site without approval.I hope to have my attorneys agree to the release of a statement within the next day or so which will clarify our position, dispel the inaccuracies in the filing and explain why we reached an agreement with the SEC that was in the best interest of members, despite such inaccuracies.Keep in mind that the SEC never interviewed us, never talked with us, never examined our data, never looked at our bank accounts, and never examined our books before placing this filing. All information came from outside sources, primarily StormPay and an ex-convict seeking media exposure.Before reaching the agreement, my attorneys provided documentation to the SEC in the form of bank records and EMO records showing the funds withrawn from StormPay were utilized for business purposes, with more than 70% used to fund LifeClicks' EMO account. They were also provided documentation that showed that StormPay does not have a merchant account option and that when you add a bank account to your SP account, their terms state that the name of th bank account must match the individual name on the StormPay account. We were following the StormPay TOS. The SEC omitted these things in the press release, I would assume because it would weaken their case for the original filing.Regardless, we are and will continue cooperating with the SEC in whatever way they require of us.
http://newclicksinfo.blogspot.com/
Read on...
To those watching for a comment from me on the 12dp forum regarding today's SEC press release and the cooresponding filing, there will be none there.The website is to now be under the control of the SEC and thus I am unable to post anything on the site without approval.I hope to have my attorneys agree to the release of a statement within the next day or so which will clarify our position, dispel the inaccuracies in the filing and explain why we reached an agreement with the SEC that was in the best interest of members, despite such inaccuracies.Keep in mind that the SEC never interviewed us, never talked with us, never examined our data, never looked at our bank accounts, and never examined our books before placing this filing. All information came from outside sources, primarily StormPay and an ex-convict seeking media exposure.Before reaching the agreement, my attorneys provided documentation to the SEC in the form of bank records and EMO records showing the funds withrawn from StormPay were utilized for business purposes, with more than 70% used to fund LifeClicks' EMO account. They were also provided documentation that showed that StormPay does not have a merchant account option and that when you add a bank account to your SP account, their terms state that the name of th bank account must match the individual name on the StormPay account. We were following the StormPay TOS. The SEC omitted these things in the press release, I would assume because it would weaken their case for the original filing.Regardless, we are and will continue cooperating with the SEC in whatever way they require of us.
http://newclicksinfo.blogspot.com/
posted by 4Newbies.com at 11:37 PM
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