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That's 10 days ago? Any update or what? Thanks!
The last time they filed the 10K late was in 2020 and didn't release it until July 10th 2020. What happened that year was the closing of their second failed treatment center. They dumped 1.3 billion shares in the first eight weeks of 2020. Look what they said about the Canadian property in January 2020 while they were closing their only treatment center. That property was their best performing asset and they handed it over to Leonite for Debt in 2023. That was the second property that Leonite acquired for debt from Ethema Health. Has Shawn Leon's Ethema Health finally hit the end of the road?
Ethema Working on Acquisition Financing and Debt Reduction for 1st Quarter
January 16, 2020 15:31 ET
https://www.globenewswire.com/en/news-release/2020/01/16/1971711/0/en/Ethema-Working-on-Acquisition-Financing-and-Debt-Reduction-for-1st-Quarter.html
The termination of the operation in West Palm Beach will dramatically reduce the negative cash flow of the Company and allow it to focus on cleaning up the debt on the balance sheet as it works towards completing the acquisition. As part of these efforts to reduce debt, the Company is in talks with certain lenders and shareholders of the Company, around the possible sale of the Canadian subsidiary that owns the real estate of the Company’s former operations in Canada. This could help reduce the majority of the debt in one step.
For the fiscal year ended: December 31, 2019
https://www.sec.gov/Archives/edgar/data/792935/000172186820000304/f2sgrst10k070620.htm
Net loss
Net loss of $(14,962,841) and $(8,178,643) for the years ended December 31, 2019 and 2018, respectively, an increase of $6,784,198 or 83.0%, is primarily due to the increase in operating expenses in the current year, the loss on the sale of assets, the loss on debt conversions, the penalty on convertible notes and the deposit forfeited, offset by the increased credit on the derivative liability movement during the current year.
On December 20, 2019, the Company entered into an agreement to terminate the lease agreement on January 30, 2020. The deposit forfeited was $1,665,078 for the year ended December 31, 2019. The deposit forfeited represents deposits initially paid for the acquisition of the West Palm Beach treatment facility located at 5400, 5402 and 5410 East Avenue West Palm Beach. We were unable to consummate the purchase transaction and entered into a lease agreement with the landlord, the deposit initially paid was offset against outstanding rental. The excess was recorded as a forfeiture.
For the quarterly period ended March 31, 2020
https://www.sec.gov/Archives/edgar/data/792935/000172186820000426/f2sgrst10q092120.htm
12. Stockholders' deficit
a) Common shares
Between January 6, 2020 and February 27, 2020, the Company issued 1,316,679,078 shares of common stock in terms of conversion notices received from convertible note holders. The shares issued were issued below par based on the market price of the stock on the date of conversion and were valued at $531,005.
What an incompetent CEO, if that's what you want to call him. Never trust a convicted felon.
They have some problems filling bc the old auditor has to sign off the 2022 part and had to wait till the 2023 numbers were final. It wil probably take a few (5) more days.
Did he mention which week? Month? Year? 🙈😅😂
Yeah, you provide links, but write misleading bullshit about the links.
I provide a link too. GRST going to $1 soon...
https://www.sec.gov/ix?doc=/Archives/edgar/data/792935/000190359623000912/grst_10q.htm
Maybe it is better to do your own DD iso listen to an idiot that has been writing posts every day for the past 5 years on a MB of a penny stock, of a stock he does not even owns, for the 10 people that are looking here.
Gaflm
Since you know as much as any, you and those believing that this is a lost cause have 50% chance of being right. On the otherhand, those wishing this to become very profitable have 50% chances of being right.
Those wanting to do their due diligence should not decide based on the herein expressed opinions promoting one out come or another (That applies to your stupid posts trying to prove that only a desastrous outcome is possible (you obviously having a secret agenda).
Any serious due diligence will made a potencial shareholders to conclude that BETTING on this stock offers a 50-50 chance of being successful (a real operation is behind this stock) or desastrous (the company most find a way to solve its debt issue.
If one is not a gambler, he should just stay away from this stock or BET money he can afford to lose with no serious consequences.
Only a fool will play the expert analyzing such a high risk OTC sub-sub-sub penny stock as if it was a blue chip.;
I provide links for the quotes that I post and form opinions around. You are correct, in some countries you can go to jail for that. This one however is different though it is headed in that direction. Those who cannot debate the truth will certainly try to have it censored. Meanwhile my posts are for those who are conducting their own due diligence. You are not one off them and never was.
Nobody should read your posts here... all misinformation and misleading info posted with official link like what you write is the truth...
You can go to jail for that.
You should probably read a few of my posts to understand what Shawn Leon has in store if he ever gets around to it. 😆 I'll get back to you soon and we can discuss how much is left of your $3000 buy.
Shawn Leon is delinquent in his filing now. First time that I know of. This trash may finally be headed for the bin. There must be some very bad news in the annual. Can't wait to see it. 😃
O no o no o no no no no no...
28,000,000 at the bid now 😀
But in the meanwhile, we already know what an idiot you are.
Bye-bye
Just like $OMID... the stock you bought 😁
Difference is, we do know GRST will fill by Friday... $OMID seems to be a total limited info stock 🤣
UH OH! Ethema Health is now pink limited - Delinquent SEC Reporting. This could go on for a while because there won't be good news in that filing. It is beginning to look like that regulation "A" offering will fail even with the split.
https://www.otcmarkets.com/stock/GRST/overview
This stock is more locked up than one might think.
A lot of the daily trade action in the 3’s is between MM’s and not retail, they are simply keeping the stock flowing/liquid.
I say this because I literally had an open order for 10M shares placed on Feb 6th 2024 and it finally filled today after week upon week of partial fills.
Looking forward to seeing all that Mr. Leon has in store for us in these next 12 months :D
Good Luck to ALL
All IMO of Course.
Raport will be out on Friday. 👍🏼
Wow, only six million shares on the bid at $0.0003. Looks like Shawn Leon's game of wait and borrow has run its course. That regulation "A" offering is a year and a half old now and I doubt the split will serve them up much at this point. Most are on to their game. Normally people would be buying for the latest press release declaring the best year for the company EVER! While it fails to attract much interest at $0.0003. 🤣 No annual? Are they finally BK?
A sample of Shawn Leon's press releases below. Q2 2023 was "...ARIA’s highest quarterly profit to date..." yet while the revenue number increased by 37.7% the bottom line operating income decreased by 37.9 percent YOY. That operating income for the quarter was only $32K which is but a pittance for this very expensive business model. Is Shawn Leon's fictional tale of success for years finally been laid bare? Where is that annual?
Ethema Executes Two Real Estate Transactions and Major Debt Repayment
July 17, 2023 09:34 ET
https://www.globenewswire.com/en/news-release/2023/07/17/2705721/0/en/Ethema-Executes-Two-Real-Estate-Transactions-and-Major-Debt-Repayment.html
The Company further reports that its ARIA subsidiary’s extremely strong results in April and May continued in June and overall revenue for the ARIA subsidiary will be approximately $1,450,000 for the quarter, which will result in ARIA’s highest quarterly profit to date. The second quarter results will be released before August 14, 2023.
For the quarterly period ended June 30, 2023
https://www.otcmarkets.com/filing/html?id=16878947&guid=kvN-kHadOtVaJth
Revenues
Revenues were $1,565,959 and $1,138,032 for the three months ended June 30, 2023 and 2022, respectively, an increase of $427,927 or 37.6%.
Operating Expenses
Operating expenses were $1,533,813 and $1,086,270 for the three months ended June 30, 2023 and 2022, respectively, an increase of $447,543 or 41.2%.
Operating income
Operating income was $32,146 and $51,762 for the three months ended June 30, 2023 and 2022, respectively, a decrease of $19,616 or 37.9%.
Yes, 15 days was Monday. It should be a fun read when Shawn ever gets around to it.
So today we should expect some news? It’s 15 days after the extension?
Strong buy!
https://stockinvest.us/stock/GRST
I hope so...thats our local news! So many fentanyl deaths among teenagers and adults, here in Florida. Two teenage girls at school took fentanyl, one made it home and one died in school bathroom. Fentanyl is just one drug, you got meth and that dangerous because they will go on killing spree if they get angry. Grst is very much needed maybe government will step in and help
I wonder if that could turn out as public funding to help GRT to expand?
GRST. Great time to buy
Wish all my shares were bought at today's prices. For the trolls I would not tell anyone to risk their life savings here. But .0004 is a fair risk for a functioning company in a business that sadly (meant for the people who are addicts or lost souls who haunt OTC stock message boards) has room for growth.
OUPS ... WRONG BOARD
I did look at our recent financials and found the following:
- Inventories in 2023 are $ 7,258, 000 vs $ 5,910,000 in 2022 = an increase of 22,8%
- Inventories make 48% of total current assets in 2023 or double what it was in 2022 (23,8%)
- Auditors comments: ‘’We considered this a key audit matter due to the magnitude of the inventories balance and the large number of inventory locations.’’
What did our CEO do in 2023?
- She kept adding shelves (locations all over the world)
- Advertising $ 4,378,000 was cut by 26,5% relative to 2022 ($ 5,955,000)
- In her PR/NR covering the 2023 financials, she proudly write: ‘’Operating expenses decreased 23% ($16.8 to $21.8 million). ... 31,5% of that decrease was in advertising.
If that does'nt support my argument that she has no clue how to manage the company, I do not know what is needed. She should hire a CEO experienced in developping a mass marketing company and make herself responsible for R&D and product development.
Unfortunately I do not believe her ego can support such a required reorganisation.
She is proud to see her gross revenue grow 10% but doesn'f understand that to succeed she need to grow the gross revenues by 3 to 4 time that number (at least) annually. The only way to do that is to make our targetted market aware of what we offer. That can only be acieved by focussing and investing in marketing/advertizing. She obviously doesn't understand that.
This is an OTC sub-sub-sub penny stock. Haven't you yet figure it out? How ridicule you can be ! Enjoy making a fool of yourself and I will enjoy saying why you make no sense ... whenever I'm on my pc enjoying following my investments (I do not mean my 2 bets)
We will have fun with the annual and Q1. By Q1 we should have some clean numbers after the property purchase, sale, lease back scheme and see how bad the cash flow situation has gotten and how much new debt they have packed on. This company is so debilitated that they aren't able to use the Regulation "A" offering that go tis second SEC qualification November 2nd. Did you grab some shares for the quarterly pump? Doesn't look like many are interested judging from the bid level at 3. Might be the last opportunity for those bag holders in the 4s and 5s to bail.
''typical risk profile for an OTC ticker'' ... Another scientific conclusion of yours. Nothing TYPICAL about a stock trading at ),0003 or 4 . If one buys it, he knows he is BETTING, not really INVEDTING. That's why your continuous analysis of GRST is totally ridiculous and irrelevant.
As for: 'Companies with a good risk profile aren't trading at $0.0003' it is so obvious that once more your statement is ridicule (In any case everybody knows that and noone needs an ''expert'' like you to figure it out.
I wonder ??? Why in the world do you keep posting your garbage. What the hell motivates you (do'nt even mention your altruistic objective)
Red flag for any OTC ticker is a pending regulation "A" offering. Most split the stock then go with the offering. Not Shawn Leon, he files for the offering looooong before he can do anything with it. This has gone on so long that I am beginning to think that he may not be able to get it sold. He will need more than a reverse split, he needs a sellable narrative to move those shares after the split. No, this is much higher than the typical risk profile for an OTC ticker in my opinion. Looks like I'm not alone, what happened to the huge bid at 4? now only 15 million on the bid at 3 before the typical quarterly pump? Companies with a good risk profile aren't trading at $0.0003.
Bubae
Re: None
Friday, March 22, 2024 12:11:33 AM
Post# 49782 of 49812
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174089476
It takes FOREVER for Shawn Leon to do anything once he announces it but time must be running out because he has packed the debt right back on after the refinance fiasco. How bad it is should come with the annual which should be release in the next couple of weeks. My scenario for what he is going to eventually do in post# 49524. I believe that this will be trading at $0.0001 when he finally announced the plan and after the reverse split but it won't be the bottom because this will get hammered post split by the regulation "A" offering whos shares will be immediately tradable.
I will never stop admiring your altruistic effort aimed at informing ''those new to this stock'' ... Why do you pretentiouslyassume these very few newcomers are stupid enough not to undestand they are bying a risky OTC sub-sub penny stock?
You write: '' I will read the filing and reveal the deception ''. As if anyone cares about your byass opinion.
Let me tell the potential new comers all they must know: ''GRST is a highly risky sub-sub penny stock that has a 50-50 chance to succeed/fail'' ... be aware.
Good honest men is rare!I think he is working hard to succeed! One stock I was in was struggling and shareholders complaining doing zoombie period went up suddenly. If you don't own the stock no reason to complain.
Haha! Some seem to fear the upcoming filing. GRST is going to surprise with this one!!! Imo
Those new to this stock are not aware of what those who run this are capable of. We shall see how it unfolds but the screws are tightening. The new credit line is secured by all assets of ATHI the holding company for the shares of the treatment center. What does this mean in terms of the notes secured by such shares and Larry Hawkins 25% ownership? One thing is for certain, Shawn Leon will no doubt be popping the quarterly cork of champagne and celebration is a press release I will read the filing and reveal the deception. Another rinse and repeat quarter. Flip them if you can.
Bubae
Re: pual post# 49741
Tuesday, February 27, 2024 8:00:14 PM
Post# 49745 of 49807
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173935562
Re: None
Sunday, September 03, 2023 7:11:40 PM
Post# 48748 of 49807
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172748883
''' 1.3 billion new shares dumped over eight weeks in 2020 ''' ... You don't tell me (LMHO) ... What a news" ... Aren't we lucky to have someone that smart to tell us such appropriate priviledge information ?
Wow, less than 16 million on the bid at 3 these days? What happened to the many tens of million on the bid at 4? Shawn always drops a press release for filings just full of rainbows and unicorns for the potential flip. Hmmm, this time may be different right? What about that regulation "A" offering. They have some notes that are mature again. As I said in February, price is no barrier for conversions if they can conjure up the volume. 1.3 billion new shares dumped over eight weeks in 2020 was impressive.
Bubae
Re: None
Wednesday, February 21, 2024 8:51:34 AM
Post# 49719 of 49805
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173889462&txt2find=1.3%2Bbillion
Re: pual post# 48971
Monday, October 09, 2023 3:05:46 PM
Post# 48977 of 49805
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172988249
I know what you are saying but this is otc, don't you know some stocks go up without revenue.
It is time to get back into this because it should get interesting soon. Starting to review my old posts that we know is chocked full of actual due diligence on this ticker. 😆 The $150K Bauman note became eligible in February with the ...subject to anti-dilution provisions of course. We have another note that matured March 15 for a principal amount of $250,000. Interesting, I guess share holders no longer are allowed to see the details for these two notes? I see no such filing. No details at all concerning the nature of the $250K note.
Bubae
Re: None
Sunday, November 26, 2023 5:35:15 AM
Post# 49291 of 49803
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173295585
For the quarterly period ended September 30, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0000792935/000190359623000912/grst_10q.htm
8. Short-term Convertible Notes (continued)
Joshua Bauman
On August 9, 2023, the Company issued a convertible promissory note to Bauman, in the aggregate principal amount of $150,000. The note bears interest at 10.0% per annum and matures on August 9, 2024. The note is convertible into shares of common stock at a conversion price at the option of the holder at $0.001 per share, adjusted for anti-dilution provisions. The note is convertible into common stock at the option of the holder after the expiration of six months from the issuance date, in addition, should the note reach its maturity date, August 9, 2024, the note will automatically convert into shares of common stock at the conversion price, subject to anti-dilution provisions.
9. Subsequent events
On November 15, 2023, the Company, entered into a senior secured Promissory Note in the aggregate principal amount of $250,000 for net proceeds of $223,500 after an original issue discount and fees of $26,500. The note earns interest at 10% per annum and matures on March 15, 2024.
What I said, as expected. Is that all you got from that post? I can tell you what to expect next week. It will be the same press release as always great revenue and they paid off more debt. Now, as usual another paid off debt boast comes after they borrowed even more to retire maturing debt. The revenue number for this very expensive business model will once again reveal very little profit. The Q2 2023 press release below boasting "...ARIA’s highest quarterly profit to date...". But wait, operating income was down 38% YOY. The Q3 numbers were full of the crazy property purchase, sale, leaseback deal and I don't expect to see clean numbers again until the Q1 filing. We will then see how bad the cash burn has become. Until then keep a watch for that reverse split. 😆
Ethema Executes Two Real Estate Transactions and Major Debt Repayment
July 17, 2023 09:34 ET
https://www.globenewswire.com/en/news-release/2023/07/17/2705721/0/en/Ethema-Executes-Two-Real-Estate-Transactions-and-Major-Debt-Repayment.html
The Company further reports that its ARIA subsidiary’s extremely strong results in April and May continued in June and overall revenue for the ARIA subsidiary will be approximately $1,450,000 for the quarter, which will result in ARIA’s highest quarterly profit to date. The second quarter results will be released before August 14, 2023.
For the quarterly period ended June 30, 2023
https://www.otcmarkets.com/filing/html?id=16878947&guid=kvN-kHadOtVaJth
Revenues
Revenues were $1,565,959 and $1,138,032 for the three months ended June 30, 2023 and 2022, respectively, an increase of $427,927 or 37.6%.
Operating Expenses
Operating expenses were $1,533,813 and $1,086,270 for the three months ended June 30, 2023 and 2022, respectively, an increase of $447,543 or 41.2%.
Operating income
Operating income was $32,146 and $51,762 for the three months ended June 30, 2023 and 2022, respectively, a decrease of $19,616 or 37.9%.
He's not the only company with late filings, if u never ran a company you would not understand.
Late filing for the annual as expected. The fun will begin again next week with the new information and in May with the Q1. They still can't get the regulation "A" offering off the ground after a year and a half and their cash burn got much worse after the property purchase, sale, leaseback scheme to refinance the defaulted debt. Big trading losses about to be realized when they finally announce the split to support the offering in my opinion. We have been expecting it for a long time. Though they just secured a $1 million credit line they had to secure it with all a claims to assets by Ethema Health and the holders of ATHI, the holding company for the treatment center shares. We will see how severe the cash burn is next week. Happy trading.
Declaes, I agree with you!
This was a great webinar!
O yes! I'm going to add more shares tomorrow
"Bc the company is SOOOO undervalued now" - Shawn Leon
Grst...Strong buy
https://stockinvest.us/stock/GRST
If Leon gets $5,000,000 out of that, depending of what he does with it (reduce debt, expand production of services, ...) our balance sheet would look better (lower debt) OR our business expansion potencial would probably seriously increase our current MULTIPLIER curently at about 0,25. On the basis of $5,500,000 and a healthier finacial situation and business potencial could our multiplier increase to 3 (making our pps at 0,0012 vs the current 0,0004 0ne) ?
Getting funds to decrease the debt and create a greater revenu is what Leon needs. My view is that Leon may succeed at doing it (50%0 ... or not (50%).
GRST - Call Mr. Shawn Leon???.....
GRST.webinar link https://invest.profitandsense.com/ethema-webinar today at 1:00 PM EST
Question remains: Why would you buy at 0.0012 when the SP is 0.0004...
I can only see this work when the SP is higher than the OP, so we should see a move to at least 0.0013 soon.
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