Friday, October 13, 2017 6:04:14 AM
I’ll give some information from the faq page.
“USMJ converted the Series “B” Preferred Shares into 56,521,149 common shares of PURA and distributed the PURA commons shares to the USMJ shareholders of record as of October 21, 2016.”
“The 56,521,149 common shares of PURA stock issued were not “registered” and were therefore not “free-trading.” In other words, the shares could not simply be deposited in a brokerage account and sold. The shares are “restricted.”
Management is exploring the possibility of engaging a securities lawyer on behalf of those shareholders holding PURA common stock issued from the Series “B” conversion to render opinions for the lifting of restrictions. Again, this is not a guarantee that such an engagement will come to fruition. If such an engagement were to proceed, the earliest date anticipated for such an engagement to be in place would be December of this year, 2017.
Again this isn’t my opinion this is from their faq page.
https://www.aciconglomerated.com/faq/
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