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Took this from tenkey The PURA dividend shares

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Beerholder   Wednesday, 09/27/17 05:49:27 PM
Re: None
Post # of 76957 
Took this from tenkey


The PURA dividend shares from USMJ are restricted shares under SEC Rule 144.

https://www.sec.gov/investor/pubs/rule144.htm

In a nut shell, a company cannot just issue stock as a private placement that is free trading unless it is registered stock...so it is automatically issued with a restrictive legend. The only exemption from registration that is available to PURA stock is Rule 144 that allows a stock to become free trading after a holding period. The length of the holding period is 6 months for SEC registrants and 12 months for non-registrants. PURA is not an SEC registrant hence the 12 month holding period requirement.

At the end of the holding period a request can be made to the company to lift the restriction and the shareholder will have to obtain an opinion letter from a lawyer that the TA will need to remove the restrictive legend. Your broker can probably handle this for you...for a fee of course.

When those conditions are met the stock can be freely traded in the market.

I'm not trying to manipulate anyone into buying this stock. Do what ever you want with your money. And I'm not going to lie I do have 30,000 shares at .0004 but I'm not going to jump to conclusions about a this stock after doing enough dd to know that it's not going to be halted. I'm just trying to provide information that isn't negatively pushing people into dumping there shares back into the market. Sure there are naive individuals who will make a discussion based off a couple of words. I also want to let everyone know that there is individuals that get paid to falsely provide information to make it should like the stock isn't good.



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