They are spouting BS. There isn't some hidden key to exemption from registration...it is either there or it is not and PURA is not an SEC registrant to begin with. Now if PURA wants to go and register the offering then the stock would become free trading upon effectiveness of the registration.
But they won't do that....for a variety of reasons.
I see....USMJ going to be a powerhouse I can't wait to start using their products.
"The issued stock is restricted, but shareholders are encouraged to seek exemption from registration avenues for removing restrictions.
USMJ and PURA are currently exploring a universal exemption from registration solution. We expect to publish guidance resulting from our exploration early in January.
Thanks mrscashflow. The statement above is copied from USMJ web site and was the reason for my original post and call to Etrade."