Houston Natural Resources Corp (HNRC)

[cjw cpa]

My account shows my GCHI as acquired 9/23/14. That is actually good since if they do trade (big if) it will be long term holding period reported to the IRS.

All else being equal, the difference between the tax on short term and long term gain is better than the return one could reasonably expect from whatever they would have invested in with the proceeds from selling their GCHI stock long ago. I don't know about you guys, but I didn't assign any of my WNTR basis to GCHI, so every penny I would get from the sale is taxable gain.

Anyway, I personally do not want to see GCHI trade at all until that solar field (if there really is one) is generating revenue AND we get a cash dividend from the income (if that is a promise that Frank will keep). We will get a lot more for the stock if it has even one recent cash dividend in its history.