It's bad, but not quite that bad. A lot of those shares came to be as a result of the 2 for 1 USSE split. Don't want you making it sound any worse than it actually is. No need to.
thank, you. some here refuse to acknowledge that reality, even though it is available directly from the Transfer agent. The positive spin will be that many of those shares are restricted. However the clock on that restriction is running out and those shares will likely hit the market long before any revenues are achieved.
Are you forgetting that there was a stock dividend in there that doubled the number of shares outstanding and cut the price in half? Everyones proportion of the ownership remained the same.