PDA

View Full Version : Feeling $$ is safe in the "surfs" and the payment processor


MtnGrl
July 4th, 2007, 02:28 PM
I would like to talk about this. Some people feel like the SEC investigation into ColonEndParenthesis will not affect Coastin88 or CEPCoast (or the payment processor CEPTrust) because "they are all different companies". But some people are questioning whether or not the consequences of the SEC's investigation will spill over to these other companies.

I realize none of us can see behind the curtain and understand all of the levers that the wizard is pulling in Oz, but let's talk intelligently about the concept here. All of these companies are under the same umbrella, even if they are different companies each with a different staff and set of books. If ColonEndParenthesis goes from informal investigation to being in deep kimshee, won't the powers that be tear down the other companies too?

On the other side of the coin, is it that the SEC honestly isn't interested in the "surfs", or that they just haven't gone after them yet? Do you think the SEC would have already noticed the "surfs" and done some digging in order to determine if they are in violation?

To discuss my own questions, here is what I think. Understand I totally have no experience in this area except for what I have witnessed in this arena over the last couple of years.

First, I always have to look at every angle, or play devils advocate as it were. In that spirit, CEP might be honest and have real investments. CEP might be back once the SEC is finished with it's informal investigation.

If CEP is totally blowing smoke though...
I think if the SEC gets ugly with CEP, the powers that be will seize any monies in the other companies because all of the companies are under one umbrella. I do think the SEC has already noticed the "surfs" and determined they do not warrant an investigation. I could be wrong. Comments?

I bring this up in the hopes that members who have been blocked from having these discussions on the CEP forums will read this forum and participate in some open discussion.

Accountant
July 4th, 2007, 10:48 PM
The SEC has already positioned themselves on surfs, see 12DP, basically their position is anything that YOU put YOUR money into, with the intention of getting more back, is a security, period. Haven't you seen the SEC warning page?

MtnGrl
July 4th, 2007, 11:49 PM
Nope. I don't play these things. I got sucked into this arena when a family member got themselves into Studio Traffic. Then 12DailyPro, DadnDaves, and a few others but I don't recall their names. Aussie something, and there were two that I know Trevor had his money in as well but it totally is not coming to mind what they were called. They were both partner businesses with each other though. Wait wait, eProfitSurf(?) and hmmm whatever it's sister company was.

So anyway, it has brought me to keep an eye on the entire CEP gang. CEP since January/February of 2006 and Coastin88 and CEPCoast since their inception.

But anyhow, I was looking for some intelligent conversation here because members of these programs won't get it from their own forums. I think they DO silently watch what is said here. The members continue to be told by admin and mods at their forums that Coastin88 and CEPCoast aren't selling securities, and the members are rather hopeful that because the programs haven't been put in "informal investigation" mode by the SEC that they truly aren't securities.

But then again something just came to mind. The only people who know the truth are the SEC, Trevor, Clayton, Chris, Mike, Ginger, Jessie, Pamela, Skye, etc, and NONE of them are saying much. The SEC hasn't started an investigation into Coastin88 and CEPCoast, and the others say the programs aren't selling securities.

Just asking what people think. ;)