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Post-Dividend May 4, 2007
"they then reminded shareholders and everyone else (via PR) that 11/28 was the last date to purchase stock in order to qualify for the dividend (that's the "ex dividend" date)...."
Please provide link for PR where USSE states 11/28 is ex-dividend date. That would have clarified everything, but they did not do that.
Here is link where USSE states "Accordingly, USSE intends to deliver the stock dividend on May 3, 2007 and expects the stock will trade post-dividend on May 4, 2007."
http://biz.yahoo.com/iw/070430/0245499.html
Dividend Info 2
The Dividend was originally Declared on Nov.3, 2006. That was for shares of SSTP, this was cancelled by USSE. So that Nov.3 PR is null and void.
The current Dividend was Declared on April 30, 2007. At this time, you can not back date the Ex-Dividend Date to Nov. 2006. Also, the Ex-Dividend Date is clearly 05/04/2007. The PR states "expects the stock will trade post-dividend on May 4, 2007."
From the OTCBB Daily List:
+Refer to the D/L of 11/28/2006, Distribution of Sustainable Power Corp shares has been cancelled by the company.
http://www.otcbb.com/asp/dividend.asp?sym_id=USSE&dDate=12/1/2006&sDateType=Record_date
.
SEC Dividend Info
Ex-Dividend Dates:
When Are You Entitled to Stock and Cash Dividends
Have you ever bought a stock only to find out later that you were not entitled to the next cash or stock dividend paid by the company? To determine whether you should get cash and most stock dividends, you need to look at two important dates. They are the "record date" or "date of record" and the "ex-dividend date" or "ex-date."
When a company declares a dividend, it sets a record date when you must be on the company's books as a shareholder to receive the dividend. Companies also use this date to determine who is sent proxy statements, financial reports, and other information.
Once the company sets the record date, the stock exchanges or the National Association of Securities Dealers, Inc. fix the ex-dividend date. The ex-dividend date is normally set for stocks two business days before the record date. If you purchase a stock on its ex-dividend date or after, you will not receive the next dividend payment. Instead, the seller gets the dividend. If you purchase before the ex-dividend date, you get the dividend.
Here is an example:
On July 27, 2004, Company XYZ declares a dividend payable on September 10, 2004 to its shareholders. XYZ also announces that shareholders of record on the company's books on or before August 10, 2004 are entitled to the dividend. The stock would then go ex-dividend two business days before the record date.
In this example, the record date falls on a Tuesday. Excluding weekends and holidays, the ex-dividend is set two business days before the record date or the opening of the market – in this case on the preceding Friday. This means anyone who bought the stock on Friday or after would not get the dividend. At the same time, those who purchase before the ex-dividend date receive the dividend.
With a significant dividend, the price of a stock may move up by the dollar amount of the dividend as the ex-dividend date approaches and then fall by that amount after the ex-dividend date. A stock that has gone ex-dividend is marked with an "x" in newspapers on that day.
Sometimes a company pays a dividend in the form of stock rather than cash. The stock dividend may be additional shares in the company or in a subsidiary being spun off. The procedures for stock dividends may be different from cash dividends. The ex-dividend date is set the first business day after the stock dividend is paid (and is also after the record date).
If you sell your stock before the ex-dividend date, you also are selling away your right to the stock dividend. Your sale includes an obligation to deliver any shares acquired as a result of the dividend to the buyer of your shares, since the seller will receive an I.O.U. or "due bill" from his or her broker for the additional shares. Thus, it is important to remember that the day you can sell your shares without being obligated to deliver the additional shares is not the first business day after the record date, but usually is the first business day after the stock dividend is paid.
http://www.sec.gov/answers/dividen.htm
-------------------------------------------------------------------------------------
USSE - U.S. Sustainable Energy Corp. Common Stock
Declaration Date:
Ex Date:
5/4/2007
Record Date:
12/1/2006
Payment Date:
5/3/2007
Dividend Type:
Stock Dividend or Split Dividend Amount:
2-1 stk
Notes:
Due Bill Redeemable Date: 05/08/2007
http://www.otcbb.com/asp/dividend.asp?sym_id=USSE&dDate=12/1/2006&sDateType=Record_date
------------------------------------------------------------------------------------------
The USSE PR Dividend Announcement was April 30, 2007. It is impossible for the Ex-Dividend Date to be Nov. 28, 2006.
Dividend Legal Question
Can you Announce a Dividend (April 30,2007), then stipulate that the Record Date (Dec. 1, 2006) is 5 months ago? That is essentially what USSE has done.
Normal Dividend protocol according to the SEC is:
Declaration Date--Ex-Dividend Date--Record Date--Payable Date
With pre 12-1 buyers ony method, USSE followed:
Ex-Dividend Date--Record Date--Declaration Date--Payable Date
The Declaration Date has to be before the Record Date. This is common sense. The Dividend might not be legal.
http://www.sec.gov/answers/dividen.htm
.
Dividend Issue
First, my situation, I bought in January 2007, the Dividend is in my account, but Etrade says they will probably take Dividend back, because I did not pre 12-1 2006. We do not know at this point.
Second, the best advice is probably to keep all Dividend shares in your account until this is resolved.
Third, whether we own pre 12-1 or post 12-1 we all own USSE. We ALL want USSE to appreciate. WE ALL need to calm down until this is resolved. Threatened contact with SEC or Lawyers for a lawsuit, helps no one at this point.
People here who have the ear of JR better talk with him, before something bad happens with USSE stock. Limiting the Dividend to pre 12-1 buyers is very possibly illegal.
The pre 12-1 buyers are claiming that this was a Dividend, not a stock split, fine. Every Dividend has a set protocol that the SEC enforces. USSE did not follow that protocol.
All previous PR's on the Dividend involved shares of SSTP, that did not happen, so all those PR's are null and void. The official Dividend Announcement was April 30, 2007.
Normal Dividend protocol according to the SEC is:
Declaration Date--Ex-Dividend Date--Record Date--Payable Date
With pre 12-1 buyers ony method, USSE followed:
Ex-Dividend Date--Record Date--Declaration Date--Payment Date
The Declaration Date has to come first so that investors have time to react to what is in their own best interest. USSE did not follow set protocol, so the Dividend for pre 12-1 buyers only, is probably illegal. Changing certain parts of Dividend could possibly cause investor losses.(I am not an attorney)
Post 12-1 buyers viewpoint:
http://www.investorshub.com/boards/read_msg.asp?message_id=19386535
http://www.investorshub.com/boards/read_msg.asp?message_id=19383643
Dividend
I bought in January and still hold. The dviy is in my E trade account. However, I just talked with E trade, they will probably take back the divy shares. You probably had to own by the Record date, 12-1-06.
The best advice is not to trade any USSE shares until this straightens out.
No wonder investors here are confused, brokers which do this every day are confused also.
I repeat, the Dividend was a bad idea, it destroyed all shareholders value, and was horribly executed.
Got My Dividend
Confirmed, divy shares are in my account.
I have made only one transaction with USSE. I bought USSE in January 2007, I still hold those same shares. My share total is now doubled from that purchase. My broker is E-Trade.
Also to clarify, it does not matter if it is a dividend or stock split, they are paid the same way. The difference is, in one, the ex-dividend date is before the record date, the other, the ex-dividend date is after the record date. Ex-dividend date is the key.
Think about it. You can not make money on the same stock twice. You can not make money on a stock that you no longer own.
-----------------------------------------------------------------------------------
I posted such 4 or 5 times in the last few days. Once again:
Redwood and posters on here have either informed wrong or people misunderstood them. Go to the reliable, official source. The answer is here, interpret for yourself.
One link is from SEC, the other from OTCBB, the Official BB Stock Exchange. The common phrase in both is:
Due Bill
-----------------------------------------------------------
If you purchase a stock on its ex-dividend date or after, you will not receive the next dividend payment. Instead, the seller gets the dividend. If you purchase before the ex-dividend date, you get the dividend.
Sometimes a company pays a dividend in the form of stock rather than cash. The stock dividend may be additional shares in the company or in a subsidiary being spun off. The procedures for stock dividends may be different from cash dividends. The ex-dividend date is set the first business day after the stock dividend is paid (and is also after the record date).
If you sell your stock before the ex-dividend date, you also are selling away your right to the stock dividend. Your sale includes an obligation to deliver any shares acquired as a result of the dividend to the buyer of your shares, since the seller will receive an I.O.U. or "due bill" from his or her broker for the additional shares. Thus, it is important to remember that the day you can sell your shares without being obligated to deliver the additional shares is not the first business day after the record date, but usually is the first business day after the stock dividend is paid.
http://www.sec.gov/answers/dividen.htm
--------------------------------------------------------------
USSE - U.S. Sustainable Energy Corp. Common Stock
Declaration Date:
Ex Date:
5/4/2007
Record Date:
12/1/2006
Payment Date:
5/3/2007
Dividend Type:
Stock Dividend or Split Dividend Amount:
2-1 stk
Notes:
Due Bill Redeemable Date: 05/08/2007
http://www.otcbb.com/asp/dividend.asp?sym_id=USSE&dDate=12/1/2006&sDateType=Record_date
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Public Reply | Private Reply | Keep | Last Read Replies (3) | Next 10 | Previous | Next
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got it
Thank you very much
Did you include the upper left hand top that includes the OTCBB Heading?
(no need to respond here publicly, but sorry, I can not PM people)
Arbitrage
"i can't recall a day of seeing the spread so narrow."
MM are trying to reduce any possible arbitrage. (or profit from temporary pricing discrepencies)
Read Again sackmeister
sackmeister
I know you are a good guy. You did not read enough. Read the last 3 paragraphs of what you posted.
Post 12-1 Buyers, Help Me
mystical mist or new investor or someone else
I am not a technological person. Could someone please go to the following link and make a photocopy or some kind of copy, so as to have a record for evidence, IF post 12-1 buyers do not get the dividend.
You can copy all 3, but we need the center one with the Ex-Dividend date as 5/4/07.
Thank you, I would appreciate.
http://www.otcbb.com/asp/dividend.asp?sym_id=USSE&dDate=12/1/2006&sDateType=Record_date
Dividend Info (Repost) For sackmeister
"The ex-date is simply the date on which or after that the stock trades without the dividend. Nothing to do with when the shares are paid."
Not true sackmeister. you better read this again.
Redwood and posters on here have either informed wrong or people misunderstood them. Go to the reliable, official source. The answer is here, interpret for yourself.
One link is from SEC, the other from OTCBB, the Official BB Stock Exchange. The common phrase in both is:
Due Bill
-----------------------------------------------------------
If you purchase a stock on its ex-dividend date or after, you will not receive the next dividend payment. Instead, the seller gets the dividend. If you purchase before the ex-dividend date, you get the dividend.
Sometimes a company pays a dividend in the form of stock rather than cash. The stock dividend may be additional shares in the company or in a subsidiary being spun off. The procedures for stock dividends may be different from cash dividends. The ex-dividend date is set the first business day after the stock dividend is paid (and is also after the record date).
If you sell your stock before the ex-dividend date, you also are selling away your right to the stock dividend. Your sale includes an obligation to deliver any shares acquired as a result of the dividend to the buyer of your shares, since the seller will receive an I.O.U. or "due bill" from his or her broker for the additional shares. Thus, it is important to remember that the day you can sell your shares without being obligated to deliver the additional shares is not the first business day after the record date, but usually is the first business day after the stock dividend is paid.
http://www.sec.gov/answers/dividen.htm
--------------------------------------------------------------
USSE - U.S. Sustainable Energy Corp. Common Stock
Declaration Date:
Ex Date:
5/4/2007
Record Date:
12/1/2006
Payment Date:
5/3/2007
Dividend Type:
Stock Dividend or Split Dividend Amount:
2-1 stk
Notes:
Due Bill Redeemable Date: 05/08/2007
http://www.otcbb.com/asp/dividend.asp?sym_id=USSE&dDate=12/1/2006&sDateType=Record_date
.
Confusing
"i just see whats confusing me, the record date is before the ex date, thats backwards, should be ex-date, record date then paydate not recdate exdate paydate."
Yes, you are right. The whole dividend was done in a screwy manner.
Dividends are not normally paid 5 months after announced.
Worse yet:
Record Date 12/1/06
Announced 4/30/07
Paid 5/3/07
Ex-dividend date 5/4/07
Extremely unorthodox and confusing.
Yes, Only O/S
You are absolutely correct, only the O/S get doubled.
My intention was to say O/S, not A/S. Sorry, my mistake.
Dividend Info (Repost)
Redwood and posters on here have either informed wrong or people misunderstood them. Go to the reliable, official source. The answer is here, interpret for yourself.
One link is from SEC, the other from OTCBB, the Official BB Stock Exchange. The common phrase in both is:
Due Bill
-----------------------------------------------------------
If you purchase a stock on its ex-dividend date or after, you will not receive the next dividend payment. Instead, the seller gets the dividend. If you purchase before the ex-dividend date, you get the dividend.
Sometimes a company pays a dividend in the form of stock rather than cash. The stock dividend may be additional shares in the company or in a subsidiary being spun off. The procedures for stock dividends may be different from cash dividends. The ex-dividend date is set the first business day after the stock dividend is paid (and is also after the record date).
If you sell your stock before the ex-dividend date, you also are selling away your right to the stock dividend. Your sale includes an obligation to deliver any shares acquired as a result of the dividend to the buyer of your shares, since the seller will receive an I.O.U. or "due bill" from his or her broker for the additional shares. Thus, it is important to remember that the day you can sell your shares without being obligated to deliver the additional shares is not the first business day after the record date, but usually is the first business day after the stock dividend is paid.
http://www.sec.gov/answers/dividen.htm
--------------------------------------------------------------
USSE - U.S. Sustainable Energy Corp. Common Stock
Declaration Date:
Ex Date:
5/4/2007
Record Date:
12/1/2006
Payment Date:
5/3/2007
Dividend Type:
Stock Dividend or Split Dividend Amount:
2-1 stk
Notes:
Due Bill Redeemable Date: 05/08/2007
http://www.otcbb.com/asp/dividend.asp?sym_id=USSE&dDate=12/1/2006&sDateType=Record_date
.
Shorts
"So if there are any shorts, they're short twice the shares at half the price."
No.
Shorts have to supply the dividend (maybe the due bill date 5/8/07) to brokerages, so brokers can credit to the actual owners, brokerages enforce this.
Shorts Do Matter
"And if there are any shorts, they don't matter either."
Not true. Shorts absolutely do matter. This is a 2 for 1 stock split. Every share in the Authorized gets the dividend, so the Authorized is doubled.
Here is where it gets even more confusing. When you are Short on a stock, the Short eventually has to supply the stock Shorted (cover). When a Short is short on a stock that pays a dividend, the Short is also responsible to supply that dividend. I do not know this for fact, but USSE is not responsible for stock that is shorted, so, it makes sense to me that the Shorts might have to buy stock from the open market to supply their due dividend. This is the only one possible positive of the dividend. USSE might get some upward price movement from the Shorts. However, the Short postion is supposedly small on USSE.
JR did throw the Shorts a curveball.
Reduced Share Price
"spec.....i'm not sure it will behave that way.....about a week ago, we were at .16.....then this divy info dominated the scene and the stock dropped....and there have been other recent issues .....so, i think this one is harder than most to predict....personally, i don't think the split will drive it down to .045.....let's see what happens...."
That is why the dividend is bad. The share price has gone from .16 to .09, and the split has not happened yet. Value has already been lost.
When the split is executed, and the number of shares doubled, the share price will decrease by half. It has too, that is a fact. Otherwise, the money value of everyones shares would increase by 2. We all know that is not going to happen. If your account is worth $5,000 right now, your account will be worth $5,000 after the stock split. You can not create wealth by a stock split. This is fact, when the number of shares are doubled, the share price decreases 50%.
So everyone here better be prepared to see $0.045 (probably tomorrow) so you do not panic.
The big overall effect:
Share price from .16 to .045 (.09 adjusted for split). The dividend was a bad idea.
If you do not believe this, calculate the value of your account when the price was .16, and recalculate after the dividend is paid (make sure to use correct number of shares in each case), it will make you sick. We have lost big value.
.16 * X shares
or
.045 * 2X shares
fill in the X with your share number, which would you rather own?
Dumb Question?
This may be the dumbest question of the day.
This is a 2-1 stock split. USSE closed at .09. Shouldn't USSE open at .045? Or does that happen tomorrow, ex-dividend day?
I thought it was today. But after more thought tomorrow makes more sense.
New USSE Blog Pics
How does everybody like the new photos on JR's blog?
It is nice to see pictures of the new SSTP office and the Illinois Biofuel Group, LLC plant
http://www.jhrivera.com/
Mighty Quiet
"Its mighty quiet around here considering."
The lack of posts does not mean anything. The internet went down last night after post #40900. I am not sure when it came back online. Obviously recently.
Radcliff Big Bucks?
Z
You implied in a post that Radcliff has money. Is this from your personal knowledge, or is there a link on him? How do you know this?
Drive Thru JR Juice? Sweet!
http://www.jhrivera.com/photos/Building/album_6.html
I support JR
"What about new shares issued after 12-1? How do you know if some or all of your post 12-1 shares came from the early pool?"
Then there is a serious problem. Usually, the dividend is paid shortly after the announcement, instead of 4 months later. So, the company intentionally does not issue new shares during that time. It is probably illegal to issue new shares then.
Gentleman, we have read too many basher posts here. I believe JR is trying to do this as fairly as he can. However, IF they did issue new shares in that time span, I can not speak for USSE, but i would guess that JR would somehow make these few investors that lose, whole (compensate them).
I still believe the divy was not a good idea, but I am forgetting about that. JR was in a pickle, he is doing his best to do this fairly. I support JR.
I publicly apologize for my negative posts of the last few days. It is upsetting to think you lose half your investment for no logical reason.
Divy
First, I am not a paying member here, so i can not PM you.
Second, I am not an expert on dividends.
I would guess, restricted shares get restricted dividends, the PR said that.
Geo, i think the TBA section is cancelled by USSE.
the OTCBB has 3 boxes on the link, only the middle link applies to the current dividend.
anyone more knowledgable correct this, please.
Sorry dh
The attached is my explanation, maybe I did not state that clearly.
However the divy is attached and stay with shares. So, some people may have sold their dividend.
I think this eliminates the confusion:
The owners of USSE stock on payment date get the dividend, NOT the owners on Record date.
Go to the link itself
it is a 2 - for 1 stock split (from USSE themselves)
you get 2 new shares for 1 old share
Post 12-1 Buyers Proof
Redwood and posters on here have either informed wrong or people misunderstood them. Go to the reliable, official source.
My broker (E trade) confirms I get the dividend (bought in January).
One link is from SEC, the other from OTCBB, the Official BB Stock Exchange. The common phrase in both is:
Due Bill Redeemable Date: 05/08/2007
-----------------------------------------------------------
Sometimes a company pays a dividend in the form of stock rather than cash. The stock dividend may be additional shares in the company or in a subsidiary being spun off. The procedures for stock dividends may be different from cash dividends. The ex-dividend date is set the first business day after the stock dividend is paid (and is also after the record date).
If you sell your stock before the ex-dividend date, you also are selling away your right to the stock dividend. Your sale includes an obligation to deliver any shares acquired as a result of the dividend to the buyer of your shares, since the seller will receive an I.O.U. or "due bill" from his or her broker for the additional shares. Thus, it is important to remember that the day you can sell your shares without being obligated to deliver the additional shares is not the first business day after the record date, but usually is the first business day after the stock dividend is paid.
http://www.sec.gov/answers/dividen.htm
--------------------------------------------------------------
USSE - U.S. Sustainable Energy Corp. Common Stock
Declaration Date:
Ex Date:
5/4/2007
Record Date:
12/1/2006
Payment Date:
5/3/2007
Dividend Type:
Stock Dividend or Split Dividend Amount:
2-1 stk
Notes:
Due Bill Redeemable Date: 05/08/2007
http://www.otcbb.com/asp/dividend.asp?sym_id=USSE&dDate=12/1/2006&sDateType=Record_date
Post 12-1 Buyers
You guys come back in 1/2 hour, I will post explanation and 2 links that should convince you 12-1 post buyers get the dividend.
it will be here in 1/2 hour
Post 12-1 Buyers
mystical mist (and others)
Relax guys. I am in the same boat as you guys. I have spent the majority of last 2 days seeking this answer. IF you own USSE shares on the ex-dividend date (May 3) you will get the dividend. Maybe this is the simplest explanation:
The Dividend shares are attached to the shares on Dec. 1, and the dividend shares stay with those shares, until payment. (post 12-1 buyers, bought shares with the dividend attached).
So relax and sleep good tonight.
I bought in January and still own the shares, I get the dividend.
This Dividend Is No Good
"speckulater....there was nothing for the "post 12/1" people to lose....they never had it to begin with...."
First of all, I bought in January, so I am getting the dividend. I would rather had no dividend at all.
Second, I was not complaining about not getting the dividend. Record holders of 12-1 are getting the dividend, fine. As a result of that same dividend, post 12-1 buyers will have their shares value cut in half. Why?
Third, investors here are so clueless, it is amazing. JR is not giving you anything. Doubling your shares, while increasing O/S by double, is a wash. Your dollar value theoretically remains the same. You gain nothing, USSE then has 1.6 billion O/S, crazy.
In fact, you lost even more. Due to Princeton news share price should have went to .15 - .20. It is now at .09.
Tomorrow, you will have twice as many shares @ .045, (so instead of shares worth .20, they now worth .09, adjusting for split) Congratulations.
Plus, you will have people screaming and reporting USSE to the SEC, and looking to File Class-Action Lawsuits. You better pray USSE does not get Halted by SEC.
If you know anything about stock investing, you KNOW that this whole dividend has been a disaster that caused everyone to lose money. Plus extremely bad publicity for USSE.
The Daily List
Fantastic. Yes, the Daily List is the Official Listing, not a Knobias Listing. It even shows the cancellation of the Sustainable Power Dividend.
So post 12-1 buyers (if they still hold) get the dividend.
I looked earlier and could not find it on the Daily List. Thank you so much for sharing reliable information, it is appreciated.
Post 12-1 Holders
"If you hold shares through the ex-date you get the divvy."
Yesterday I agreed with this assessment 100 %. SEC Documents verify this and I have posted them here. Redwood has been misinforming people. However, the link provided by sackmeister once again makes this issue murky. Here is the part that makes me uneasy:
" This forward stock split will ONLY be available to shareholders of record as of December 01, 2006."
For buyers post 12-1 the ex dividend date confirms they get the divy, I also notice the "Due Bill Redeemable Date: 05/08/2007"
which implies that post 12-1 sellers lost their divy. However, the use of the word "ONLY" scares the bejeebers out of me.
Does anyone know, is the use of the word ONLY normally used like that in announcing dividends? Is restricting a dividend in that manner, even legal?
http://cobrand.knobias.com/otcbb/story.htm?eid=3.1.8974b23f7e5eda98d540e7c6d29893eeef03d611c7781d489....
.
2-1 Stock Split
sackmeister
Could you post a link for your post on a USSE 2-1 stock split, please?
Thank you
Use JR's Shares?
Some of you that have read my posts before Monday, know that I have been a big supporter of USSE. I have spent much effort making others aware of USSE. I also highly value my credibility.
I believe in the Rivera Process. I believe that deep down JR is a decent guy and wants to do the right thing for USSE investors. When i bought I was aware I might not get the Dividend, no problem, but diluting my shares value by over half was not part of the bargain. We are not seeking what we are not owed, we only wish to keep what we already have.
However, this current Dividend approach has disaster written all over it. A company and it's CEO can not selectively choose which investors to reward, and which investors to financially punish. Fiduciary Responsibility is suppose to apply to ALL shareholders equally.
According to a Poster on RB, JR has quite the entourage now, 2 bodyguards and an ex SEC auditor. I hope for JR's sake this is true. Because there is no clear way out of this fiasco, and no matter what, certain investors will be damaged financially, and thus not happy.
Some one mentioned JR using some of his share to resolve this. At first, I thought that was crazy, but maybe it is not such a bad idea. The Dividend (Dilution) is bad for ALL investors, therefore we should be discussing this with JR, not one investor against another. Our issue is with JR. Now, JR sincerely believes that USSE shares will appreciate in the future greatly, so he should not have too much problem using less than 100 million of his shares to resolve this without any legal repercussions. Maybe Stanton could also reduce his amount so they both remain equal.
It is time for these guys to put their money where their mouth is. Put up or shut up. (fat chance huh?) Well if they do not agree to this, that should tell investors volumes.
That would demonstrate Fiduciary Responsibility. It would also be a brilliant PR move, as it would show to potential new investors, the confidence they have in the future of USSE, instead of trying to railroad 75% of their loyal shareholders.
To be fair to all: RESCIND THE DIVIDEND
Survey Results
I agree that what you say has some merit. The number of respondents is hardly statistically significant. However, it does not need to be because the whole survey is based on investor sentiment, not science. However, what the survey does reflect very accurately, and by your own admittance, is that 75% of shareholders have sold USSE since Dec. 1, most probably Dec. 2. Why does JR want to reward these people? The sellers since Dec. 1 have abandoned USSE, they deserve no reward. Why does JR want to screw 75% of loyal, current shareholders that have probably brought families, relatives and others into USSE. JR IS REWARDING AND PUNISHING THE WRONG PEOPLE!!!!!!
When we bought after Dec. 1 no one told us that for no logical or practical reason that USSE would dilute our shares and decrease the shares worth, by over half their value, with the wreckless, misguided swoop of a pen.
All investors cast your vote on the USSE Dividend and let USSE and JR know of the results.
RESCIND THE DIVIDEND
Rescind The USSE Dividend? Survey
Last I looked the results were:
Yes = 66%
No = 25%
I am absolutely stunned. I thought for sure the No's would dominate the Yes's. This survey is very telling. I hope Redwood, USSE and Mr. Rivera see this and act accordingly. In fact we should guarantee JR sees this. Everyone Emnail and/or phone JR these survey results and do it often.
Alienating 3/4 of your current investor base is not a shrewd move. Such a fiasco will also scare any possible potential investors in the future. Supporters of this Dividend as is, are cutting their own throat.
RESCIND THE DIVIDEND
Rescind The Dividend Survey
This Board has a Survey on this question. Everyone please vote. You have to go to this link (USSE Homepage), it says "SURVEY" in middle of the page, for your vote to count. Good idea Larice, thanks, now JR can gauge investor sentiment on this fiasco.
http://www.investorshub.com/boards/board.asp?board_id=332
As of this post results are:
Yes = 75%
No = 25%
RESCIND THE DIVIDEND
Not Me
" Too funny. First everyone yells for the dividend, and now they don't want it.......z"
Feel free to check, I have never asked for any dividend. The whole idea is ignorant. Most here are just not sophisticated enough to understand it.
IF they screw the post Dec. 1 investors, they will have new enemies that will make you welcome PP with a hug and a kiss. PP will look like a Boy Scout.
And you USSE old timers sit here and antagonize others with severe losses. Unreal.
Worth Of Halted Shares?
What will your shares be worth if this stock is halted?
I have been here since early December (just not the first), read every post here and other boards. My efforts have exposed USSE to many investors. I am appalled at the attitude of long term holders here. You have the same attitude as JR. So be it.
IF the Dividend goes thru as planned, and current (post Dec. 1) shareholders do not get the dividend, SEC examination and Class Action Lawsuit will be vigorously pursued. Severe monetary damages have been done due to mismanagement.
Fiduciary Responsibility applies to ALL investors, not just one certain group.
I am done wasting my time here, and will only further my own agenda.
p.s.
Not to single you out knickknack, this just happens to be the post I responded to.