RE:RE:Caldas has now a mcap well above gcmthose shares are locked for 2 years, so even if they "spun them out" to shareholders, you can't sell them for that time....and there are probably something in the regs about giving the shares away in a special dividend during that lock up period (not 100% sure about that last statement).
What they're doing now is buying back 10% of the float which will have a large impact on share price eventually. The entire gold space is unloved, it's not just GCM stock that has suffered. If you have a long term bullish view on the company and industry as I do, you should welcome this share price and add more.