I think you are right about GCHI shares being a penny stock if it were available for the WNTR holders to sell right away. At the least it would have gone down 50% because those who bought WNTR right before the divvy date and sold after cutoff would have doubled their money and it is hard to resist massive profit taking when it happens so fast.
If GCHI declares a cash dividend before the divvy shares are unrestricted, that would do wonders for the stock!
Another reason that I think holding off the trading of the stock until march would help the shares is that the people holding the divvy stocks will feel (rightfully) like they have invested more because the money was tied up longer. For those that put $10,000 into the stock in mid June and ended up with 20,000 shares of GCHI they would have been happy to even get $.25 per share if they got it within a few months. With it being nine months however that $.25 would not look as great.
I don't think GCHI will trade anything like WNTR does because the company is a lot less speculative, that is, it owns companies that are actually doing something you know will make money given the way things have been going politically in the US regarding marijuana. It is much closer to selling a necessary commodity, i.e., more safe, more boring, and more likely to have a small dividend yield. Anything technology based can make boatloads of money, but can just as easily amount to nothing.
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