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I wish you to get a life and figure out a way to use your time doing something creative FOR YOU and hope you figure out that all your historical analysis do not change the mind of anyone anyhow.
Enjoy life!
A very expensive business model that has failed before racking up enormous losses financed with toxic debt. They are now defaulting on their notes. The June Leonite note has a $150K default premium built in from day one tacked onto a loan with a variable interest rate that has already grown to 11.25%. Want to pretend that it is normal? Ever see a business with $1 million in a quarterly revenue get completely ate up with expenses? I don't know what is going on at any moment but you can look over my posts for Q1 and I predicted that they couldn't make those debt payments in Q2.
I however didn't see such crazy terms agreed to to secure a new note. That note doesn't completely address the debt obligations for Q2. This company is so broken that they can even make normal business decisions such as a reverse split and a direct offering. It appears that they are so broken than they have no choice but to bend over and ask for another by the only lender that will deal with them.
This being written ... do you feel better.
As I wrote: 'You know as much as any of us about what the situation really is NOW or not' ... unless you work side by side with the CEO.
and 'GRST is a high risk pinky stock and one can only trust our CEO or sell whatever shares he owns.'
and 'All we know is that a business does exist, some financials are issued and filed regularly and they show we have plenty of debts but also a growing business.'
I seriously wonder what your motivation is (as I wrote ealier, I could imagine reason(s) but why would I?
All your BS can be summarise as follows: GRST is currently in business bur has big debts ... that's why our market cap is so low (less than $3M with annual going rate of revenues at $5M .. That's a multiplier of 0,6.
The historical data is absolutely relevant. Looking at around $10 million in debt relevancy with three holders alone. Debt accumulated from previous treatment center failures financed using toxic lenders. Now nearly 4 billion shares outstanding and the current share structure is fairly useless to the company.
One doesn't have to be an expert to see that GRST was a disaster by providing historical data now most likely to be irrelevant.
All these crazy analysis and predictions from our great expert are baseless considering he knows as much as any of us about what the situation really is NOW or not.
GRST is a high risk pinky stock and one can only trust our CEO or sell whatever shares he owns.
All we know is that a business does exist, some financials are issued and filed regularly and they show we have plenty of debts but also a growing business.
Reading the comment of our infamous analist is a pure loss of time for both those not believing what they see from the company (THEY SHOULD HAVE STAYED AWAY OR SELL) or for those looking to buy.
No reason to trust Leon after the covid clear scam.
I'm sure there are folks holding that are not posting. OTH there are also folks holding that are posting 5-10 times per day and seem to be anything but patient.
I agree that both sides seem intent on proving their point. However, one side does it by posting links to direct statements made by the company in their filings. The other side uses supposed verbal and written communication from the CEO that seems to rarely be confirmed by his own financial statements.
IMO, the CEO fooled enough gullible investors to get the price up to .014 but his own financial statements and debt offerings has sunk it down to current levels.
Just a typical stinky pinky. Great story, mysterious rich founder who takes advantage of common shareholders while paying himself rent and can also use tax losses to offset his other income.
You see what you do..
"The FEW!?!?! that have lost their money"
That is not what I said/wrote.... master manipulator!
..!..
$1.0002 for that last 1667 trade at 0.0006 LOL.
Manipulation continues...
I think the CEO is right. Someone doesn't want the stock to move up... but they will give in eventually...
We know that they are defaulting on their notes. Even defaulting on 30 day notes taken out in Q1 to pay bills. yes, that $173K is a big deal and represents one single line item. They are struggling even with the small monthly notes. That June Leonite note with a 25% default premium built in tells the story. I will have much more on this subject as soon as they drop the Q2 filing. .
For the quarterly period ended March 31, 2022
https://sec.report/Document/0001903596-22-000301/
During March 2022, the Company paid $20,000 of principal on the convertible note, thereby reducing the principal outstanding to $80,000. The note matured May 7, 2020, Auctus Fund LLC has not declared a default and we are in constant discussion with the lender on settling the note.
Leonite Capital, LLC
Secured Promissory Notes
On March 1, 2022, the Company entered into a secured Promissory Note in the aggregate principal amount of $124,000 for net proceeds of $100,000 after an original issue discount of $24,000. The Note had a maturity date of April 1, 2022. This note has not been repaid at the date of this report and no default has been declared. We are in discussions with Leonite on the repayment of this note and the advancement of additional funds for business purposes.
O no, not that many are in denial. Only a few that lost their money I the past are now mad about the fact that GRST is really turning around the boat. Some others are trying to get in as low as possible. Most are seeing the potential but don't see the need to post every day. They are just holding and patiently waiting. Others are not holding and posting 10 times a day... kind of strange LOL.
Hahaha... o no $173k ....
I'm sure GRST and Leonite will have a good deal about that note.
Not all person's involved in GRST are living in the past
Com on man seriously 173k. With the 50% extra beds started in Q3 and the extra income, GRST will have between 6,000,000 and 8,000,000 in revenues per year. I'm sure they can handle the 173,000 note.
Some indeed are in denial that GRST is finding it's way out of debt and forget the time to buy is NOW!
A lot of folks here are in complete denial. It happens when a "sure fire investment, one of the best stocks in the OTC, I know what I own" vehicle goes south because management isn't completely honest with their shareholders.
It's happened to everyone here at one time or another. Those who fail to learn will just repeat their mistakes.
Few who trade in the OTC for long are so naive that they believe that the notes will convert at the fixed rate. I'm sure Leonite is just hoping beyond logic that they can get their money back. LOL As for the conversions above .001, there is still $173K left on the note that Leonite converted $150K at .001 on February 28th. just for starters.
For the quarterly period ended March 31, 2022
https://sec.report/Document/0001903596-22-000301/
On February 28, 2022, in terms of a conversion notice, Leonite converted the principal sum of $149,250 of the Leonite Note into 150,000,000 shares of common stock at a conversion price of $0.0010 per share.
Watch out for manipulative post! Do your own DD.
I'm sure LEONITE know what they are doing, no conversion waiting at 0.001 as some stated, but at 0.01. As I said before when the pps rise to 0.01 the $745,375 note will be paid off with 74,537,500 shares. LEONITE has all reason to bring the pps to $0.01.
Or do you think the debt holders will make GRST go BK so they loose all their money LMFAO
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
Leonite Fund I, LP (“Leonite”)
On July 17, 2022, the Company executed the final documents for a revised and extended note (“Leonite Note”) which replaces the Labrys notes from May and June 2021. The new 10% $745,375.00 convertible note includes an OID of 10%. The note has a fixed conversion price of $0.01 per share subject to adjustments should other new financings be done at more favorable terms. The note is due 9 months from the issuance date of June 1, 2022. The consideration for the note was the balance of the amount due under the Labrys notes. The foregoing summary of the terms and conditions of the Leonite Note does not purport to be complete and is qualified in its entirety by reference to the full text of the Note Exchange Agreement and the Restated and Consolidated Note between the Company and Leonite, dated June 1, 2022 which are filed as Exhibits 10.01 and 10.02 hereto, respectively.
Good luck making the case that it should be trading higher. If the price pokes its head above .001 they have plenty of conversions waiting. Meanwhile they just borrow at increasingly more expensive terms. The company actually owns very little. The debt holders need to keep it alive as long as possible because there is little in the way of assets that can be attached. Of the ARIA (ATHI) shares Ethema can only claim around 26% which pretty much encapsulates all that they own.. Waiting to see is they have now lost the Canadian property to its $3.9 million mortgage and Leonite.
In my limited time in the OTC I have never seen a company like this or anywhere near it in the triple zeros. I don’t know if this is the new OTC market after the regulations last year or the unlimited ask and bid orders with little price action and trade signals of 100 and 1000 point to something else going on with GRST.
Time will tell.
So when they sell the property they will get 50% of the money. I guess you can chalk it up to ultimately like any company is wether they are successful or not.
If they end up making money then down the road earning 50% on a property will be worth it by having the investors allow that to happen for the company. Real Estate is expensive right now and the price they will pay may reflect future values after the university builds its facilities all around the area.
You have skills of deception in my opinion.
GLTA
The silver lining is that the company appears to be unable to convert shares below .001. With the ridiculous terms of that Leonite note it also appears that a reverse split won't work either. They should have fixed this share structure early in the year and avoided the costs of these defaulted loans and very toxic refis. It appears that the current flipping zone is good as long as the new money continues to show up on the 8s and 9s. Anyone else ever see a OTC company get themselves in this kind of a fix? Happy hunting!
The question to ask is, when is real due diligence, complete with links to the sources, a bad thing? When is reading the filings detrimental to ones trading experience? Especially considering the types of desperate companies that operate in this segment of the market.
Mistake #1 is believing the contents of their public releases. Windfall is relative and they make many such blustery claims. The West Palm Beach property card for 950 Evernia street lists the tax valuation for 2021 at $1.3 million after allowing $870K in improvements for that year. Tax valuations can be a bit dubious but they are usually within the realm of reason. Now apply the $5.5 million price tag. The original purchase price for the property by the current owner in 1997 was $60K. Now that is what a windfall looks like. LOL Evernia has sunk a couple of million in this deal and they are stuck in my opinion.
https://www.pbcgov.org/papa/Asps/PropertyDetail/PropertyDetail.aspx?parcel=74434321010430050&srchtype=MASTER&srchVal=950%20evernia
Rent to own? To consummate the deal they need $1.5 million by the end of September per their press release. They couldn't even come up with the payments due in Q2 to stave off the loan defaults. It appears that Leonite is the only lender who will give them money and when they do now that add a default premium up front.
They describe the deal as an off balance sheet arrangement where Ethema serves as the general partner in a limited partnership. Translation, real investors once again own something and Ethema (GRST) shareholders will be responsible to expenses and losses as a general partner.
Ethema Signs Contract to Purchase Property
July 26, 2022 13:05 ET | Source: Ethema Health Corporation
https://www.globenewswire.com/en/news-release/2022/07/26/2486269/0/en/Ethema-Signs-Contract-to-Purchase-Property.html
The agreement between the Company and the landlord/owner of the property is for a purchase price of $5,500,000 to be completed in February 2023. The landlord will provide financing of $4,000,000 as part of the purchase completion and the Company will need to pay the balance of the purchase price in cash on or before September 30, 2022.
The Company intends to structure the purchase in an off-balance sheet transaction through a Limited Partnership structure whereby the equity funds required for the purchase will be a direct investment in the property limited partnership.
The Company will invest $100,000.00 into the limited partnership and become the General partner giving the Company control of the property and a 50% interest in the income of the property.
https://www.investopedia.com/terms/l/limitedpartnership.asp
...the general partner of a limited partnership has unlimited liability for the debt, and any limited partners have limited liability up to the amount of their investment....
You can’t forget the tweet on Twitter by the company stating on how big of a “windfall” the ARIA property will be for them. The old owner maybe liked the building and didn’t want to see it get torn down it is a nice building. They probably got more from it than the university was going to pay them to then tear it down and it was only fair to work with Ethema. GLTA
Finally to you I’d say in regards to losses is that you only lose if you sell or it goes to zero and in my opinion GRST isn’t going bankrupt regardless of the share price we’re at.
With all that talk about the debt know that the company is operating again and in terms of debt that is huge It is commendable to the CEO to begin to make efforts on turning things around. Plus they are at near patient capacity and we haven’t even started with outpatients moving capacity issues aside. $GRST
The recent press release stated that they signed an agreement with the ARIA property owner to purchase the property. This is financed largely by the current and old owner like a “rent to own” situation. I think currently they are no longer leasing the ARIA property but are owners with a debt to the old property owners.
We now that the locations are leased. Ethema is a self described investment holding company where real investors are back stopped by trading losses of this stock. Ethema (GSRT) after many millions of losses owns very little than debt.
GRST, no one with a sound judgement put time and efforts in a Company that he consider there is not a Good Future Outcome!.....
*** Mr. Shawn Leon has More Credibility than any one "Grasping at Straws"!.....
Progress have been made and Continue to me Made!!!.....Post #43335
***The Company growth is real and the elimination of variable rate debt is real.
***Please see Post #42737 & 42751 Reply from The CEO!
.https://nz.finance.yahoo.com ›
GRST - https://fb.watch/bN-wNMFvWg/
https://t.co/5GwitXravc $GRST
Who cares who owns the building and the late filings it seems have been for a reason due to all that is going on with the company. Who knows bubae maybe Ethema will own it eventually down the road hypothetically nothing nefarious is going on spin master.
Where is that filing promised in July? 14% of very little is still...very little. Q2 filing will be very revealing so don't expect it until late this month. Another item to look for is who financed and owns that second leased location, and what did it cost Ethema shareholders.
Ethema Posts Strong Revenue Guidance for Second Quarter
June 30, 2022 12:07 ET | Source: Ethema Health Corporation
https://www.globenewswire.com/en/news-release/2022/06/30/2472430/0/en/Ethema-Posts-Strong-Revenue-Guidance-for-Second-Quarter.html
...expects its ARIA subsidiary to report a revenue increase of 13% for the second quarter 2022 over the first quarter 2022 when the Company files its Q2 financials with the SEC in July.
.
...The addition of 10 new beds in the newly leased neighboring property came on-line in the first week of June and have been steadily filled since that time...
O sorry I thought those links were already posted here more than enough. Here you go:
https://sec.report/Document/0001903596-22-000301/
https://www.newmediawire.com/news/ethema-files-8k-on-debt-restructure-6999029
https://sec.report/Document/0001903596-22-000464/
GRST - Progress have been made. - The Satisfaction is good.....
*** Addiction Recovery Institute of America "66 Google reviews" -
Mr. Shawn Leon is Pleased and is Projecting a Positive & Favorable Outlook......
*** Updated Events that did Occur....
1-Increase in Bed now 62
2-Increase in Stuff now 46 from 2 last year
3-Increase in Billing Rate from New Directions....
***This should make the difference going forward!.....
<<We will continue to focus on growth while improving our balance sheet.>>
-The Company growth is real and the elimination of variable rate debt is real.
***Please see Post #42737 & 42751 Reply from The CEO!
.https://nz.finance.yahoo.com ›
GRST - https://fb.watch/bN-wNMFvWg/
https://t.co/5GwitXravc $GRST
============================================
***Cost Of Drug And Alcohol Rehab - Addiction Centerhttps://www.addictioncenter.com › rehab-questions › co...
Some inpatient rehabs may cost around $6,000 for a 30-day program. Well-known centers often cost up to $20,000 for a 30-day program. For those requiring 60-
I have to say that my opinions supported with links is more accurate than the data that you provide without sources. Bed count again is a serious narrative issue and they will not own 50% of the property. They claim in the press release that they intend to claim 50% of the profit while others put up the money? There are years of these claims by this company and NONE have were ever acted on to completion.
Most important words in your post:
"in my opinion." LOL
You really think:
- GRST is expanding from 44 beds to 62 beds
- Buying a 50% partnership in the property
- hiring new people after expanding the workforce from 2 to 44...
- selling zero shares
- rs notveven on the horizon
- investing own money in the company
... should I go on...
Without any plan than just go bk. LMFAO
GRST - Drug & Alcohol Rehabilitation Clinics in the US industry outlook (2021-2026)
Average industry growth 2021-2026: x.xlock
Over the five years to XXX, the Drug and Alcohol Rehabilitation Clinics industry is expected to sustain strong growth. The ongoing epidemic of opioid addiction will continue to draw attention, which will likely attract additional funding for rehabilitation programs and lead to a further decline in the stigmatization of treatment. Additionally, as shutdowns brought on during the COVID-19 (coronavirus) pandemic are lifted, industry establishments will likely see a surge of patients with pent up demand. Meanwhile, with people locked down in their homes, drug and alcohol use is expected to rise in XXX, leading to greater demand for rehabilitation services over the next five years.
=================================================
***Cost Of Drug And Alcohol Rehab - Addiction Centerhttps://www.addictioncenter.com › rehab-questions › co...
Some inpatient rehabs may cost around $6,000 for a 30-day program. Well-known centers often cost up to $20,000 for a 30-day program. For those requiring 60-
==================================================
-The Company growth is real and the elimination of variable rate debt is real.***Please see Post #42737 & 42751 Reply from The CEO!
.https://nz.finance.yahoo.com ›
GRST - https://fb.watch/bN-wNMFvWg/
https://t.co/5GwitXravc $GRST
GRST- 5 Successful Companies That Didn't Make a Dollar for 5 Years-
https://www.inc.com/drew-hendricks/5-successful-companies-that-didn-8217-t-make-a-dollar-for-5-years.html
***The fact is, while there are an infinite number of ways that successful entrepreneurs make their money, there's only one thing they all have in common: failure. There's no shortage of examples of great successes who had to struggle before they became the winners we now know them as.Jan. 15, 2018
***Entrepreneurs Face Failure But the Successful Ones Didn't Quit!!!....
***TENACITY!!!.. This is where you put the work in. Tenacity is a key characteristic of any successful person, and basically the entire mindset of successful entrepreneurs. Included above all in the tenacious mindset is determination and work ethic.
***FAILURE is a major part of entrepreneurial success. Its value is the gift of learning that empowers you to never stop pursuing your dreams. Just look around: the world is full inspiring stories. Today, entrepreneurship is all around us and is much needed in the corporate world as well for social welfare>>.
Time will tell the story!!!....
They have no intention of paying that note by October 3rd for no other reason than they can't in my opinion. They would need to sell shares and the shares are pretty much useless for raising funds at this price level. That $150K penalty is so that Leonite would take the note in my opinion. The company is defaulting on many notes. Good example below of a 30 day Leonite note in Q1, look how much it cost and that it wasn't paid as of the Q1 filing date.
For the quarterly period ended March 31, 2022
https://sec.report/Document/0001903596-22-000301/
Leonite Capital, LLC
Secured Promissory Notes
On March 1, 2022, the Company entered into a secured Promissory Note in the aggregate principal amount of $124,000 for net proceeds of $100,000 after an original issue discount of $24,000. The Note had a maturity date of April 1, 2022. This note has not been repaid at the date of this report and no default has been declared. We are in discussions with Leonite on the repayment of this note and the advancement of additional funds for business purposes.
If you just went by the press releases this would be one of the best performing stocks out there. Anyone who buys a press release is found to be holding the bag very quickly. Go back to the press releases just before closing the previous treatment center, you would think the company was pushing up roses even then. LOL Can't hide from those filings.
https://www.globenewswire.com/en/search/organization/Ethema%2520Health%2520Corporation
Read the news man... And stop manipulating people. With out of context posts of the news.
"The new note extends the maturity for 9 months from June 1, 2022 and it also allows the Company to avoid further costs built into the note if the original amount owing under the Labrys notes is paid off by October 3, 2022.
The Company also reports that on July 15, 2022 it has fully extinguished the outstanding note due to Geneva Roth Remark Holdings Inc."
Conversion at $0.01
They are just informing the shareholders... just like you asked. You said the CEO was not updating shareholders enough. Now that he does, it is suspicious LOL!
Seems you still don't understand what happend in the past 12 months and how great Mr. Leon played the game by keeping the pps low.
Yes toxic lenders are pissed but shareholders will soon be very happy. I'm sure they will let GRST run North soon.
Hold on ,,!,,
As per your expert analysis , our CEO is so dumb that he keeps working at rebuilding this business knowing darn well he is heading in a wall called bancrupcy. The JA works at repairing damages of the past, paying accounting firms to keep his books, file financials appropriately, negociate with people ...
Why in the world doesn't he just ask you for your advice and fold so you can say you knew it.
'These press releases are always suspect ... A press release coming out of GRST would be suspect to you even if it mentionned that sun goes down at night in New-York.
GRST - As Events Occur Things Change!.....
The failure by some to see what is going on does not change what is going on......Progress are made and continue to be made!....
-The Company growth is real and the elimination of variable rate debt is real.***Please see Post #42737 & 42751 Reply from The CEO!
.https://nz.finance.yahoo.com ›
GRST - https://fb.watch/bN-wNMFvWg/
https://t.co/5GwitXravc $GRST
Best of Luck,
janet
GRST - As Events Occur things change!.....
The failure by some to see what is going on does not change what is going on......Progress are made and continue to be made!....
-The Company growth is real and the elimination of variable rate debt is real.***Please see Post #42737 & 42751 Reply from The CEO!
.https://nz.finance.yahoo.com ›
GRST - https://fb.watch/bN-wNMFvWg/
https://t.co/5GwitXravc $GRST
Best of Luck,
janet
Zero chance of a buy out of this debt ridden company because they actually own very little. The original 51% of the ARIA purchase is tied up in 5 year options to secure debt of nearly $1 million for the start-up. The notes are to be paid from earnings after which the noteholders retain 50% of the ownership of ARIA, (AKA ATHI, AKA Evernia) defined in the options. The company will eventually be able to claim a bit more than 50%. The Canadian property is worth little more than the $700K that Leonite has against it and the $3.9 million mortgage on that was due July 19th. Leonite is owed somewhere around $2.5 million, series "N" note holders $3.9 million, The Leons more than $2.5 million just to name the big holders. This is an expensive business model that has now failed twice and is currently spinning off very little cash flow. More debt didn't get paid in Q2 and waiting for that Q1 to see what happened.
For the quarterly period ended March 31, 2022
https://sec.report/Document/0001903596-22-000301/
OS isn’t increasing and either is the price on big volume. Trade signals for months have been a broker in need of shares and don’t let it run.
Big bids going unfilled ratcheting down in price with unlimited ask orders being filled with no increase in price.
There’s only a few things that could be happening but I don’t know all of them for sure. Merger? Buyout? With an agreed upon low price range?
The low price we’re stuck in could then be to the investors eventual benefit and the company as the shares trade hands? I’m not sure but is the broker needing to fill a large order that is taking months to do?
I don’t want to disturb the market. I love the signals which tells me the market is at least functional with GRST considered our beaten down the share price is. Seeing that the company is beginning to operate again with ARIA then maybe the market will gap it up on news of what may be going on with GRST nearly out earning it’s market cap?
Maybe the company is buying the shares and will cancel them and reduce the OS. I don’t know but those are the trade signals from the market giving me faith to hold with a functioning market because $GRST is going to potentially out earn the market cap. Strong hold here for me.
GLTA
$GRST
That last note reveals how bad it is. They just refinanced defaulted debt at an interest rate that is anything but fixed. The rate is purported to be 10% but the actual note language pegs it at 5.75% above prime. Prime as reported by the Wall Street Journal and resets daily. Prime as of July 28th is 5.5%. The interest on that note is already 11.25% and interest is to be paid monthly. Leonite isn't fooling around with this company anymore because they know that they are likely to default. So they added a $150K penalty to the note from the outset to be financed as well. So those Labrys fund notes were settled at a default premium at just under $600K is now refinanced for $745K with a variable interest rate. Even if the interest rate rises to that prohibited by law the note language states that amounts above what is legal is to be added to the principle. LOL They appear to be unable to convert shares or reverse split because of their notes and Leonite now has yet another note from which to milk this company. Even by pink sheet standards that is one ugly note.
Leonite June note 8K
https://sec.report/Document/0001903596-22-000464/
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