I will be as factual as possible, too much booze on this long strange trip has affected my memory. In the weeks after Dec. 1, the share price dropped in half because of the promised split of the company, which is appropriate. Then when the actual split occurred in May, it dropped another 50%. So in essence we dropped 75%, for one split. In reality it was worse as noted in the next paragraph.
Original 675 million shares of USSE on Dec.1 was .38 pps. Post split in May, there were 1.5 million shares at app. .07 PPS. No net change in a stockholders percentage ownership in USSE, but value in hand was less. On top of that, 2 billion shares for SSTP appeared out of no where in the hands of god knows who.
Fortunately JR was looking out for us and kept 600 million shares for USSE(1/3) and gave away at least half of USSE. Since SSTP didn't bring anything to the table for compensation, why did they keep 2/3 of the stock? 10% might have been more like it. For all SSTP has done, it could have been setp up as a privately held company by USSE.
How much of SSTP does JR personally own, who knows, but I am sure he has his share. How did he get those shares, and we didn't. I am sure he paid himself a stock bonus for the stellar job he is doing. I am also sure management is paying themselves well since this is a multibillion dollar company.
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