exactly,
JMCP continues, without any of the assets it transferred over to ONYI
ONYI continues, with up to 1 billion shares outstanding
USSE disappears, and all USSE holders end up with 1.3 ONYI shares per USSE share
USSE holders as of Dec 1 get 1 share in the USSE power company per every 1 USSE share held as of Dec 1.
If all pans out, both the former JMCP holders, ONYI holders, and USSE holders will all hold shares in a valuable new entity.