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Dreaming Big! No volume here.
New filings are out. Apparently they screwed up the reg. "A" amendment and had to redo it as a "Post Qualification Amendment POS". It is no wonder this company moves at what I describe as a glacial speed. It takes them anywhere from forever to never when it comes to doing anything tat they announce. Looks like that regulation "A" offering is getting closer none the less. Does anyone want to guess how they will sell shares at three times current market that hasn't traded a single share in nearly two days?
AW filing
https://www.otcmarkets.com/filing/html?id=16623043&guid=C2u-kn8hn_cHJth
1A-POS filing
https://www.otcmarkets.com/filing/html?id=16623154&guid=C2u-kn8hn_cHJth
The regulation "A" offering means more than 4 billion news shares added according to the filing circular with the primary purpose being debt repayment from previous failed treatment centers financed with toxic debt. Toxic debt is typically a death spiral unless retail traders donate through share purchases. Few companies can afford to pay more than 100% mark-up on the notes that they agree to.
Ethema Posts Strong 3rd Quarter Results and SEC Qualifies the Regulation A Form 1A Filing
November 29, 2022 08:00 ET | Source: Ethema Health Corporation
https://www.globenewswire.com/en/news-release/2022/11/29/2563968/0/en/Ethema-Posts-Strong-3rd-Quarter-Results-and-SEC-Qualifies-the-Regulation-A-Form-1A-Filing.html
We have repeatedly indicated throughout the year that our dual goals were to grow the company and to manage and repay the debt we accumulated in previous years. In the next few months, we expect to make substantial progress on these goals with the new equity raise outlined in the filed form 1A.
GRST - What is Mr. Shawn Leon thinking???............
*** Why use Reg A+? ............Do we know Everything??? ..........
Reg A+ offerings are a flexible tool. For private companies, Reg A+ offerings can facilitate a going-public listing on the NASDAQ/NYSE or on over the counter (“OTC”) markets, incurring fewer expenses and with greater efficiency than a traditional IPO
***https://markets.ft.com/data/equities/tearsheet/profile?s=GRST:PKC
***https://simplywall.st/stocks/us/healthcare/otc-grst/ethema-health
===========================================================
***<<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 Interesting Reply from The CEO!
*** Mr. Shawn Leon, Company CEO, reported, ...
...We have repeatedly indicated throughout the year that our dual goals were to grow the company and to manage and repay the debt we accumulated in previous years. In the next few months, we expect to make substantial progress on these goals with the new equity raise outlined in the filed form 1A....
***<<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 Interesting Reply from The CEO!
.https://nz.finance.yahoo.com ›
GRST - https://fb.watch/bN-wNMFvWg/
https://t.co/5GwitXravc $GRST
Not profitable for the current shareholders.
The company isn't profitable when they are paying default terms on their notes and must borrow each quarter to cover it. This has been going on for a long time now and the company does not seem to be in any hurry to at least stop the bleeding. A company can only do this if they believe that they can dupe retail traders into buying in or are closing up shop. I think they are finding that this business model isn't getting any traction with traders in this market. Traders in this market also understand that a regulation "A" offering for debt is bad news. I would like to see the "Security and Pledge Agreement" that this "honest" CEO is hiding from everyone
For the fiscal year ended: December 31, 2022
https://www.otcmarkets.com/filing/html?id=16535244&guid=QXm-kWGmkEC6Jth
12. Short-term Notes
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. Due to the failure to repay the note by due date, a penalty of $37,200 was added to the principal outstanding and the Company incurs a monthly monitoring fee of $2,000 per month. In addition the note earns interest at a default rate of 24% per annum on the total balance outstanding, including the monthly monitoring fee and accrued interest.
The Note had a maturity date of April 1, 2022. This note has not been repaid at the date of this report, we are in negotiations with Leonite to settle the balance outstanding and no default has been declared.
The balance outstanding on the note, including default penalty, interest accrued and monthly monitoring fees is $212,579 as of December 31, 2022.
On May 3, 2022, the Company, entered into a secured Promissory Note in the aggregate principal amount of $76,250 for net proceeds of $61,000 after an original issue discount of $15,250. Due to the failure to repay the note by due date, a penalty of $22,875 was added to the principal outstanding and the Company incurs a monthly monitoring fee of $2,000 per month. In addition the note earns interest at a default rate of 24% per annum on the total balance outstanding, including the monthly monitoring fee and accrued interest.
The Note had a maturity date of June 17, 2022. This note has not been repaid at the date of this report, we are in negotiations with Leonite to settle the balance outstanding and no default has been declared.
The balance outstanding on the note, including default penalty, interest accrued and monthly monitoring fees is $127,702 as of December 31, 2022.
For the quarterly period ended June 30, 2022
https://www.otcmarkets.com/filing/html?id=16018411&guid=5zm-kqGiKufgcVh
Leonite Fund I, LP
Effective June 1, 2022, The Company entered into a Note Exchange Agreement whereby
..., were exchanged for a new Senior Secured Convertible Promissory note in the principal amount of $745,375,...
...The Note matures on March 1, 2023, and bears interest at the minimum of 10% per annum or the Wall Street Journal quoted prime rate plus 5.75%.
The convertible note is secured by all of the assets of Ethema Health Corporation and Addiction Recovery Institute of America, LLC.
June Leonite Note 8K
https://www.otcmarkets.com/filing/html?id=15961451&guid=5zm-kqGiKufgcVh
...The obligations of the Borrower under this Note are secured pursuant to the terms of the security and pledge agreement (The "Security and Pledge Agreement" and collectively the Purchase Agreement, the "Related Documents"...
GRST - <<DO YOUR OWN DD>>......
***Becoming Profitable***........
https://markets.ft.com/data/equities/tearsheet/profile?s=GRST:PKC
https://simplywall.st/stocks/us/healthcare/otc-grst/ethema-health
============================================================
***Drug Rehab West Palm Beach, FL | ARIAhttps://www.ariafl.com
***Updated Events that did Occur that should make the difference Going Forward!.....
1-Increase in Bed now 62
2-Increase in Billing Rate from New Directions....
***Increase in Staff now 46 from 2 last year-
***The Satisfaction at ARIA Center is Good..... Clients Satisfaction is what makes the Business Grow!***......
***Customer satisfaction is a measurement that determines how well a company's Products or Services meet Customer Expectations. As such, it helps Predict Business Growth and Revenue.
***<<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 Interesting Reply from The CEO!
*** Mr. Shawn Leon, Company CEO, reported, ...
...We have repeatedly indicated throughout the year that our dual goals were to grow the company and to manage and repay the debt we accumulated in previous years. In the next few months, we expect to make substantial progress on these goals with the new equity raise outlined in the filed form 1A....
***<<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 Interesting Reply from The CEO!
.https://nz.finance.yahoo.com ›
GRST - https://fb.watch/bN-wNMFvWg/
https://t.co/5GwitXravc $GRST
Pretty easy to decipher here. Forget all the "he's a great man" garbage....did they borrow money from the wrong people?
If the answer is yes, nothing else matters and best strategy is to move far from this stock.
GRST- THIS EXPLICIT FACTS Determine the CREDIBILITY:
***A Shareholder that went to meet Mr. Shawn Leon Reported:
<< what an awesome man.totaly opposite from Your typical ceo.I think He is driven to Help people in need and the need is so bad as We all know>>
***We have a CEO that is honest......*** From POST # 46137 ***
*** Assessment of the Company From Accredited Analyst:-
*** There is No Concerning Event Detected, *** - The Company For the Nine Months, Sales was USD 3.59 million compared to USD 1.05 million a year ago.
***SimplyWallStreet
https://simplywall.st/stocks/us/healthcare/otc-grst/ethema-health - ***From Post #46312***
***https://markets.ft.com/data/equities/tearsheet/profile?s=GRST:PKC
***FROM THE CEO ***<< 2023 WILL BE GREAT>> ***Post #46252***
***Updated Events that did Occur that should make the difference Going Forward!.....
1-Increase in Bed now 62
2-Increase in Billing Rate from New Directions....
***Increase in Staff now 46 from 2 last year-
=========================================================
***Drug Rehab West Palm Beach, FL | ARIAhttps://www.ariafl.com
***The Satisfaction at ARIA Center is Good..... Clients Satisfaction is what makes the Business Grow!***......
***Customer satisfaction is a measurement that determines how well a company's Products or Services meet Customer Expectations. As such, it helps Predict Business Growth and Revenue.
***The Company growth is real and the elimination of variable rate debt is real.
***Please see Post #42737 & 42751 - Interesting Reply from The CEO!
======================================================
***About Leon:
***Leon's
https://www.leons.ca › pages › about-leons
***The Company quickly established its reputation for being honest, honorable and caring with special attention paid to standing behind the goods sold.
***Breaking from the Family Value Mr. Shawn Leon goes to the U.S.A to make a Scam Company???.....
-Does this Makes Any Sense???....Post #42260
*** PERSONALLY......The Credibility Choice It Is Not a Difficult One to Make!......ALL IMO
===========================================================
.https://nz.finance.yahoo.com ›
GRST - https://fb.watch/bN-wNMFvWg/
https://t.co/5GwitXravc $GRST
Q1 filing should be in a couple of weeks. The question will be if they promote and spin the debt for asset deals, the usual acquisition news, then sell off the shares for debt one last time before the split. The company dumped 1.3 billion shares in less than 8 weeks at the beginning of 2020 dropping the price to .0001 where it stayed for 4 months. You can see that they were able to convert debt even when the shares were selling at .0001.
For the quarterly period ended March 31, 2020
https://www.otcmarkets.com/filing/html?id=14411621&guid=pGu-kH_dFSwOh3h
7. Short term convertible notes (continued)
Power Up Lending Group LTD (continued)
Between January 24, 2020 and February 27, 2020, in terms of conversion notices received, Power Up converted the aggregate principal amount of $41,400 into 453,800,493 shares of common stock at an average conversion price of 0.0000912 per share.
Labrys Fund, LP
Between January 15, 2020 and February 25, 2020, in terms of conversion notices received, Labrys Fund LP converted the aggregate principal sum of $8,936 and interest of $19,867 into 479,160,076 shares of common stock at an average conversion price of 0.00006 per share.
12. Stockholders' deficit
a) Common shares
Authorized, issued and outstanding
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.
Well price discovery has been well established here. Good little 1-2 tick flip imo
DO YOUR OWN DD...
GO GRST!
https://capedge.com/filing/792935/0001903596-23-000263/GRST-10K-2022FY
https://capedge.com/filing/792935/0001903596-22-000804/GRST-10Q-2022Q3
https://capedge.com/filing/792935/0001903596-22-000529/GRST-10Q-2022Q2
https://capedge.com/filing/792935/0001903596-22-000301/GRST-10Q-2022Q1
GRST - You Need a Good Rest!......
Have you looked into the credentials of Kirill Vesselov?
As for your Mr. Leon....what has the stock price done since he's been around?
You wanted to discuss facts?
Back in November, when they filed an amended Form A, they had 3,729,053,805 shares outstanding. They want to issue an additional 4,166,666,666. And that will raise them a miserable $5 million. That seems a bit excessive in the dilution department..
GRST: SECURITY DETAILS
https://www.otcmarkets.com/stock/GRST/security
Authorized Shares
10,000,000,000
05/02/2023
Outstanding Shares
3,729,053,805
05/02/2023
Restricted
295,396,527
05/02/2023
Unrestricted
3,433,657,278
05/02/2023
Held at DTC
3,424,284,223
05/02/2023
Authorized Shares
10,000,000,000
11/07/2022
Outstanding Shares
3,729,053,805
11/07/2022
Restricted
295,396,527
11/07/2022
Unrestricted
3,433,657,278
11/07/2022
Held at DTC
3,424,237,213
11/07/2022
GRST - While Mr. Shawn Leon has Verifiable Credential .......Peoples Credential of any ones that Post on any Forums Cannot be Verified!......
***Mr. Shawn Leon Empathy and Compassion for Peoples in Need to Regain a Healthy Life is Sufficient for me to Believe in what he his doing!.......
*** Mr. Shawn Leon, Company CEO, reported, ...
...We have repeatedly indicated throughout the year that our dual goals were to grow the company and to manage and repay the debt we accumulated in previous years. In the next few months, we expect to make substantial progress on these goals with the new equity raise outlined in the filed form 1A....
*** ARIA Rehab Facility***
https://www.ariafl.com/
***<<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 Interesting Reply from The CEO!
***https://simplywall.st/stocks/us/healthcare/otc-grst/ethema-health
***https://markets.ft.com/data/equities/tearsheet/profile?s=GRST:PKC
***https://fb.watch/bN-wNMFvWg/
***https://nz.finance.yahoo.com/
Time will tell the story!
By the Way- Contrary to you I Believe that any one is Responsible for what they Do! .....
HAVE A GREAT DAY
janet
GRST - IF Mr. Shawn Leon Play His Cards Right.......We Will Be Happy That We Did Weather The Storm!!!......IMO!........
***There are many different ways to look at a situation, and it's important to look at things the way they are......I trust Mr. Shawn Leon wanting to do his best for the Company!.....
Time will tell!
Wishing Well
Take care,
janet
Traders should take Shawn Leon's comments and compare then to what is stated in the filings and the subsequent press releases. I can do this all day long with his comments in the various press releases. The press release history is below, pick a comment of any real consequence and I can show you in either the subsequent press releases or the filings that the comments can either be categorized as misinformation or disinformation.
Press release July 2022 suggests that cash flow from operations will be enough to pay the June Leonite note before maturity. Not only have they not been paying on the June note they also weren't paying on the two very short term Leonite notes taken out just before the June note. In fact they continue to borrow against future earnings each quarter since. This person has zero credibility from my perspective.
Ethema Helath Press Release History
https://www.globenewswire.com/en/search/organization/Ethema%2520Health%2520Corporation
Ethema Files 8K on Debt Restructure
July 22, 2022 15:09 ET | Source: Ethema Health Corporation
https://www.globenewswire.com/en/news-release/2022/07/22/2484639/0/en/Ethema-Files-8K-on-Debt-Restructure.html
Mr. Shawn Leon, Company CEO, reported...
...This will enable the Company more time to generate cash flow for repayment of the debt. The Company’s ARIA subsidiary is steadily increasing cash flow and should generate enough to repay the note in full prior to maturity.”...
For the fiscal year ended: December 31, 2022
https://www.otcmarkets.com/filing/html?id=16535244&guid=QXm-kWGmkEC6Jth
12. Short-term Notes
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. Due to the failure to repay the note by due date, a penalty of $37,200 was added to the principal outstanding and the Company incurs a monthly monitoring fee of $2,000 per month. In addition the note earns interest at a default rate of 24% per annum on the total balance outstanding, including the monthly monitoring fee and accrued interest.
The Note had a maturity date of April 1, 2022. This note has not been repaid at the date of this report, we are in negotiations with Leonite to settle the balance outstanding and no default has been declared.
The balance outstanding on the note, including default penalty, interest accrued and monthly monitoring fees is $212,579 as of December 31, 2022.
On May 3, 2022, the Company, entered into a secured Promissory Note in the aggregate principal amount of $76,250 for net proceeds of $61,000 after an original issue discount of $15,250. Due to the failure to repay the note by due date, a penalty of $22,875 was added to the principal outstanding and the Company incurs a monthly monitoring fee of $2,000 per month. In addition the note earns interest at a default rate of 24% per annum on the total balance outstanding, including the monthly monitoring fee and accrued interest.
The Note had a maturity date of June 17, 2022. This note has not been repaid at the date of this report, we are in negotiations with Leonite to settle the balance outstanding and no default has been declared.
The balance outstanding on the note, including default penalty, interest accrued and monthly monitoring fees is $127,702 as of December 31, 2022.
For the quarterly period ended June 30, 2022
https://www.otcmarkets.com/filing/html?id=16018411&guid=5zm-kqGiKufgcVh
Leonite Fund I, LP
Effective June 1, 2022, The Company entered into a Note Exchange Agreement whereby
..., were exchanged for a new Senior Secured Convertible Promissory note in the principal amount of $745,375,... .
...The Note matures on March 1, 2023, and bears interest at the minimum of 10% per annum or the Wall Street Journal quoted prime rate plus 5.75%.
The convertible note is secured by all of the assets of Ethema Health Corporation and Addiction Recovery Institute of America, LLC.
June Leonite Note 8K
https://www.otcmarkets.com/filing/html?id=15961451&guid=5zm-kqGiKufgcVh
...The obligations of the Borrower under this Note are secured pursuant to the terms of the security and pledge agreement (The "Security and Pledge Agreement" and collectively the Purchase Agreement, the "Related Documents"...
Any realist price targets this can hit when it squeezes?
GRST - So.... It is your words against Mr. Shawn Leon saying....Personally I Trust Mr. Shawn Leon....
***- As a reminder: <<Post # 46660 by declaes.....Tuesday, April 11, 2023 1:03:13 PM>>
***GRST don't need a split and is not planning a split. Not for this offering, not on the near future>>
N.B.- declaes did contact the CEO....
<<If I were you, I would contact the company and ask for more info. Just like I did today>>
==========================================================
*** Mr. Shawn Leon, Company CEO, reported, ...
...We have repeatedly indicated throughout the year that our dual goals were to grow the company and to manage and repay the debt we accumulated in previous years. In the next few months, we expect to make substantial progress on these goals with the new equity raise outlined in the filed form 1A....
*** ARIA Rehab Facility***
https://www.ariafl.com/
***<<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 Interesting Reply from The CEO!
***https://simplywall.st/stocks/us/healthcare/otc-grst/ethema-health
***https://markets.ft.com/data/equities/tearsheet/profile?s=GRST:PKC
***https://fb.watch/bN-wNMFvWg/
***https://nz.finance.yahoo.com/
Time will tell the story!
The offering price of .0012 is to not spook the traders and will be certainly amended once again once the split is announced in my opinion. This market is very, very tough for those in need of funding. I would expect something like a trading price of .0001, then 1:2400 split and another amended regulation "A" filing of .12 a share. I suspect that the weighted average will eventually bring the price down to around .06 post split before another amended filing is issued. This will be fun to watch because they always manage to snooker new traders into buying..
A good recent case study is the massive dilution of Data433 ($ATDS) where Jason Remillard split the stock for the third time in 3 years in 2022. He is arguably one of the very worst of the worst in the OTC. The last 1:8 reverse split brought the outstanding share count down to around 124,000 and the price North of $10. The recent 52 week low was .025. He split it high and found the volume he needed by being able to constantly sell into the bid builds. He did a regulation "D" offering mid 2022 and nearly all of those shares are now vested. A recent 8K repriced that nearly $1 million offering of $1 per share down to .02 by issuing more shares to those holders at a rate of 50:1. That is how it is done in a market that is giving up very little liquidity.
GRST - Satisfaction at ARIA seem to be Fine!....
*** ARIA Rehab Facility***https://www.ariafl.com/
Time will tell the story.....
Best of Luck
janet
Anybody check to see if leon has a pulse lately? What an incompetent CEO. I hope he treats his drug-addict clients better than the way he treats his shareholders.
Just one of the many of communications from the company that were deceptive, manipulative, false, pick one... In dramatic decline? ending soon? direction of the past three months? Keep in mind that the price was much higher in the previous months compared to the 1 billion new shares dumped in Q3 and Q4 of 2021. The correspondence helped find buyers for that period. Shameless.
FAQ Page July 2021
https://ethema.wpengine.com/?page_id=683
When will the debt be brought under control and when will the dilution stop?
...While the situation with the debt is far better than it could have been it is still a work in progress. We cannot tell yet how much more conversion there will be but the rate and amount are in a dramatic decline. We do see an end coming soon since that has been the direction for much of the past three months...
For the quarterly period ended March 31, 2021
https://www.otcmarkets.com/filing/html?id=14979734&guid=AGu-kqGyIgMSJth
Authorized and outstanding
The Company has authorized 10,000,000,000 shares with a par value of $0.01 per share. The company has issued and outstanding 2,262,849,130 and 2,027,085,665 shares of common stock at March 31, 2021 and December 31, 2020, respectively
235,763,465 new shares for Q1 2021
For the quarterly period ended June 30, 2021
https://www.otcmarkets.com/filing/html?id=15181522&guid=AGu-kqGyIgMSJth
Authorized and outstanding
The Company has authorized 10,000,000,000 shares with a par value of $0.01 per share. The company has issued and outstanding 2,601,515,456 and 2,027,085,665 shares of common stock at June 30, 2021 and December 31, 2020, respectively. 338,666,326 shares for Q2
338, 666,326 increase for period Q2 2021
For the quarterly period ended September 30, 2021
https://www.otcmarkets.com/filing/html?id=15373092&guid=AGu-kqGyIgMSJth
Authorized and outstanding
The Company has authorized 10,000,000,000 shares with a par value of $0.01 per share. The company has issued and outstanding 3,111,047,811 and 2,027,085,665 shares of common stock at September 30, 2021 and December 31, 2020, respectively.
509,532,355 new shares for Q3
For the fiscal year ended: December 31, 2021
https://www.otcmarkets.com/filing/html?id=15732252&guid=AGu-kqGyIgMSJth
a) Common shares
Authorized and outstanding
The Company has authorized 10,000,000,000 shares with a par value of $0.01 per share. The company has issued and outstanding 3,579,053,805 and 2,027,085,665 shares of common stock at December 31, 2021 and December 31, 2020, respectively.
468,005,994 new shares for Q4 2021
Only way to sell here is to dump into the bid .0003, no one wants to pay $400 for a million shares for this great opportunity!
GRST - Please Post the Tweet ........ I am not Register on Tweet....
***According to: https://simplywall.st/stocks/us/healthcare/otc-grst/ethema-health
***Pass
Have shareholders been diluted over the past year?
***Shareholders have not been "Meaningfully" diluted in the past year or recently listed
Thank You!
janet
20-21. Some vague tweet about the last of common shares were issued then they proceeded to dump 1.5 billion shares. Remember now?
The point is not about if the have recently diluted. Point is they said one thing and then did the opposite.
GRST - I Trust this Statement from Mr. Shawn Leon!.....
*** Mr. Shawn Leon, Company CEO, reported, ...
...We have repeatedly indicated throughout the year that our dual goals were to grow the company and to manage and repay the debt we accumulated in previous years. In the next few months, we expect to make substantial progress on these goals with the new equity raise outlined in the filed form 1A....
*** ARIA Rehab Facility***
https://www.ariafl.com/
***<<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 Interesting Reply from The CEO!
***https://simplywall.st/stocks/us/healthcare/otc-grst/ethema-health
***https://markets.ft.com/data/equities/tearsheet/profile?s=GRST:PKC
***https://fb.watch/bN-wNMFvWg/
***https://nz.finance.yahoo.com/
Time will tell the story!
GRST - Please Post the Proof about Dilution......
***According to: https://simplywall.st/stocks/us/healthcare/otc-grst/ethema-health
***Pass
Have shareholders been diluted over the past year?
***Shareholders have not been "Meaningfully" diluted in the past year or recently listed
Have a Good day
janet
Just like GRST was done with dilution until they weren't.
GRST - As a reminder: <<Post # 46660 by declaes.....Tuesday, April 11, 2023 1:03:13 PM>>
***GRST don't need a split and is not planning a split. Not for this offering, not on the near future>>
N.B.- declaes did contact the CEO....
<<If I were you, I would contact the company and ask for more info. Just like I did today>>
A r/s may not be so bad...I brought naspiers as a penny stock and there was never a board for the s. african stock. company never commented, changed names 3 times and I sold at 167 dollars a share.
Someone is going to get those .0003 bids.. at this close
GRST - <<Just my opinion, of course>>
***Opinion it is not Knowledge!.... Your opinion it is as good as any one else!.....
***When we read the News......We Are All Old Enough to Make Up Our Own Mind About What it is Good for us to do!.....
==============================================================
***Drug Rehab West Palm Beach, FL | ARIAhttps://www.ariafl.com
GRST- Mr. Shawn Leon did Reply to my e-mail saying: 2023 Will Be Great!!
GlobeNewswire: Ethema Health Corporation- March 1, 2023
***The Company is pursuing other options for the real estate ownership that would not only get the Company its deposit money out but allow it to get additional funds from the real estate which could be used to Eliminate Debt.
***https://markets.ft.com/data/equities/tearsheet/profile?s=GRST:PKC
***https://simplywall.st/stocks/us/healthcare/otc-grst/ethema-health
***https://fb.watch/bN-wNMFvWg/
***https://nz.finance.yahoo.com/
Time will tell the story!
I doubt there are many, if any, holding this ticker are short at the moment. Once they announce the reverse split with a qualified regulation "A" in place... then selling this short this would be a tasty proposition.
They have ambitious plans for the funding from the regulation "A" offering. The shares from this kind of offering are immediately tradable and ultimately means that they need to find retail traders to dump them on. Anyone want to venture a guess as how they will manage to do that with an offering price more than 3 times the current market?
The SEC is widening its war on toxic funders
https://www.linkedin.com/pulse/sec-widening-its-war-toxic-funders-steve-taylor/
...it also increasingly utilized qualified Reg A offerings to acquire free-trading stock which they then dumped into the market without disclosure....
...This was a significant concern, as Reg A shares are immediately free-trading. That makes it much more attractive to many investors compared to restricted securities sold under Reg D exemptions, but it also is definitely more attractive to those looking to make a quick buck by breaking the law. This case demonstrates the SEC may not have been looking hard enough at the Reg A market for fraud, as certain financiers and funders have been scalping stock without disclosure in the filings....
...Section 17(b) of the Securities Act of 1933 requires anyone that is paid to promote a stock must disclose the amount of the payment and who paid them. This is probably the most violated SEC regulation, which is not a surprise as it is also the least enforced. Toxic funders routinely pay promoters to pump the stocks in which they are funding. ...
...To make money on their toxic convertible loan, these funders require volume to dump into. Lots of volume, because they have a lot of stock to sell. Thus the need for lots of promoters, most of whom are non-disclosing as telling the public they are getting paid to pump, and who paid them to do it, would scare even the most die-hard penny plunger away....
Company Signs Purchase and Sale Agreement to Acquire Property and Ends Third Quarter Strong
October 05, 2022 13:07 ET | Source: Ethema Health Corporation
https://www.globenewswire.com/en/news-release/2022/10/05/2528993/0/en/Company-Signs-Purchase-and-Sale-Agreement-to-Acquire-Property-and-Ends-Third-Quarter-Strong.html
...Ethema Health Corporation (OTCPINK: GRST) (“Ethema” “GRST” or the “Company”) previously announced that it had entered into an option to purchase the building at 950 Evernia Street, West Palm Beach....
...The company plans to raise additional equity for the purchase through a Regulation A financing...
Ethema Posts Strong 3rd Quarter Results and SEC Qualifies the Regulation A Form 1A Filing
November 29, 2022 08:00 ET | Source: Ethema Health Corporation
https://www.globenewswire.com/en/news-release/2022/11/29/2563968/0/en/Ethema-Posts-Strong-3rd-Quarter-Results-and-SEC-Qualifies-the-Regulation-A-Form-1A-Filing.html
...We have repeatedly indicated throughout the year that our dual goals were to grow the company and to manage and repay the debt we accumulated in previous years. In the next few months, we expect to make substantial progress on these goals with the new equity raise outlined in the filed form 1A...
Ethema Extends Dates for Debt Repayment and Real Estate Closing
March 01, 2023 08:00 ET | Source: Ethema Health Corporation
https://www.globenewswire.com/en/news-release/2023/03/01/2618141/0/en/Ethema-Extends-Dates-for-Debt-Repayment-and-Real-Estate-Closing.html
The Company is nearing the completion of the definitive agreements on the previously announced acquisition. Once a final agreement is reached, there will be a short due diligence period followed by a thirty day closing period. The purchase of the acquisition will be funded by the financing raised by the Reg A+ offering.
Not at all...naked shorters has fleeced him!
GRST - Hi Sylvia, I think that there is a lots of "misconception" ......
Personally, I like to support Mr. Shawn Leon Effort in helping peoples that need to regain a healthy life......- I do not believe that he is trying to "Fleece" shareholders!.....
*** ARIA Rehab Facility***
https://www.ariafl.com/
***<<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 Interesting Reply from The CEO....
***https://markets.ft.com/data/equities/tearsheet/profile?s=GRST:PKC
***https://simplywall.st/stocks/us/healthcare/otc-grst/ethema-health
***https://fb.watch/bN-wNMFvWg/
***https://nz.finance.yahoo.com/
Time will tell the story!
Best of Luck
Take Care.
janet
In my opinion they are doing well....I am not inflenced by negative posts.
From what I read, I wouldn't touch this stock with a ten foot pole.
Never considered how much fraud there was in this business
Very interesting stuff. Lawrence Hawkins has done well taking advantage of the circumstances that Shawn Leon found himself in after closing the second failed treatment center in January 2020. The question I have is does the current business model serve as a successful proof of concept to attract new investors for another effort.
They have a $400K deposit on the property purchase agreement for the treatment center. The deal makes little sense for reasons I won't go into at the moment. We learned that the deposit is refundable and I suspect that they funds are actually seed money for the next venture after wrapping up the debt deals for the current assets. I'm watching for another deal with investors, under a separate share structure like the current one and would expect that Lawrence Hawkins would be a party to it. The difference this time is cautious traders in a tight market and a history here of bilking them out of their money.
Wow, trying to sell some shares at .0004, no one wants them, no demand for this stock.
GRST - $42 Billion U.S. Addiction Rehab Industry Poised for Growth, and Challenges
***Here are the top six things to know about this healthcare sector:
1. Addiction rehab market size: Marketdata estimates that the drug, alcohol and other addictions treatment industry will be worth $42 billion this year. Moderate but steady 5.2% annual growth in revenues is forecast through 2025, reaching $53 billion. The states provide most of the funding, and insurance coverage, including Medicaid, is increasing.
2. Reforms needed: With passage of the Affordable Care Act, 3-5 million new patients entered the system in need of substance abuse treatment, resulting in the opening of more treatment centers and “sober homes,” many of which engage in overbilling, patient brokering, and deceptive marketing. The industry needs to be cleaned up, but reforms could take five years to take full effect.
3. Competitive landscape: Some large chains exist, but the industry consists of mostly small operators. The top 9 treatment chains are estimated to capture $1.38 billion in revenues, and operate 214 treatment facilities. All private, for-profit centers treated 1.36 million patients in 2018, and took in $13.9 billion.
4. Number of patients in treatment facilities: A total of 3.7 million persons were treated in 2018, but there were 21 million persons in need of treatment. Only 11% of substance abusers actually receive treatment.
5. Demand for services: An estimated 53 million Americans aged 12+ were illicit drug abusers in 2018, according to government agencies. An estimated 4-6 million are opioid abusers, a figure that has soared in recent years.
6. Different types of treatment: Niche markets have emerged for the well-heeled that can pay out-of-pocket (think Hollywood celebrities) and new niches are emerging in areas such as: sex addiction, problem gamblers, Internet addiction, nicotine addiction, anxiety disorders, eating disorders, and serving Iraq and Afghanistan war veterans with PTSD.
====================================================
***The investment boom is triggering a consolidation of rehab centers. Treatment of drug addiction and alcohol abuse are considered “essential health benefits” that most health insurance plans must offer under the Affordable Care Act. Many Americans who previously could not afford addiction treatment now are eligible for coverage. The law also permits young adults to stay on their parents’ insurance plan until they are 26, which expands coverage to those who are struggling with substance abuse. More people can also afford coverage now that the economy is recovering, the article notes.
***The United States Substance Abuse Treatment Market size was estimated at:
*USD 1,063.12 million in 2021;
*USD 1,150.26 million in 2022; and is projected to grow at a CAGR 9.30% to reach
*USD 1,812.92 million by 2027.
Billion addiction treatment industry>>
***Drug Rehab West Palm Beach, FL | ARIAhttps://www.ariafl.com
=====================================================
GRST- Mr. Shawn Leon did Reply to my e-mail saying: 2023 Will Be Great!!
***<<The market is exploding and GRST could become the 3rd major option in the $35
GlobeNewswire: Ethema Health Corporation- March 1, 2023
***The Company is pursuing other options for the real estate ownership that would not only get the Company its deposit money out but allow it to get additional funds from the real estate which could be used to Eliminate Debt.
Well this didn't take all that long to find connections. If I was guessing (and I am), I'd say "family men"....
https://www.readingeagle.com/2018/05/20/drug-treatment-is-big-business-in-pennsylvania/
https://www.palmbeachpost.com/story/news/local/2019/04/02/dozens-arrested-in-patient-brokering-scheme-connected-to-lake-park-lab/5472744007/
Oh wait, this one is the best yet...
Well this is getting really interesting. Don't know if you've been around long enough to read this post, but it makes my spidey senses tingle....
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=159102440
Speaking of disclosure. Where is the "Security and Pledge Agreement" that would tell us how they will be settling the Leonite June note? If they have pledged all of the assets how do they settle with the other note holders who have debt secured by options for shares of ATHI, the holding company for the treatment center? I guess that is where the regulation "A" offering comes in. At what point does this CEO come clean and engage in some straight talk with shareholders.
Ethema Extends Dates for Debt Repayment and Real Estate Closing
March 01, 2023 08:00 ET | Source: Ethema Health Corporation
https://www.globenewswire.com/en/news-release/2023/03/01/2618141/0/en/Ethema-Extends-Dates-for-Debt-Repayment-and-Real-Estate-Closing.html
...“Ethema”, “GRST” or the “Company”), has signed an extension and forbearance agreement with Leonite Capital Inc. extending the due date for its note due March 1, 2023. The Company will continue to pay interest on the note and it will be due May 8, 2023...
For the quarterly period ended June 30, 2022
https://www.otcmarkets.com/filing/html?id=16018411&guid=LRu-kHypngugAhh
Leonite Fund I, LP
Effective June 1, 2022, The Company entered into a Note Exchange Agreement whereby
..., were exchanged for a new Senior Secured Convertible Promissory note in the principal amount of $745,375,... .
...The Note matures on March 1, 2023, and bears interest at the minimum of 10% per annum or the Wall Street Journal quoted prime rate plus 5.75%.
The convertible note is secured by all of the assets of Ethema Health Corporation and Addiction Recovery Institute of America, LLC.
June Leonite Note 8K
https://www.otcmarkets.com/filing/html?id=15961451&guid=LRu-kHypngugAhh
...The obligations of the Borrower under this Note are secured pursuant to the terms of the security and pledge agreement (The "Security and Pledge Agreement" and collectively the Purchase Agreement, the "Related Documents"...
Have to keep in mind that revenue from the treatment center didn't come until the last half of 2021. So year over year numbers need to be put into context. The real stakeholders who hold debt secured by direct shares in the treatment center will do just fine going forward thanks to the contributions from holders of Ethema (GRST).
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