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The real numbers. This is why they aren't paying on their notes, why they have debt in default, and why they must borrow every quarter at a very high cost. The assets aren't worth the secured debt against it in my opinion. Seven months since they first filed the regulation "A" offering which suggests to me that things are very difficult behind the scenes. Click on image to enlarge.
GRST - <<The crushing facts from the public documents speak for themselves>>
***There has Been No Conviction! Therefore whatever the case....That Case Must have Been Dismiss!!!.....
*** Company Assessment 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.
***Pass
Have shareholders been diluted over the past year?
***Shareholders Have Not Been "Meaningfully" Diluted in the past year or recently listed
***Trading at 98.5% below our estimate of its fair value
***Became Profitable this year
***SimplyWallStreet***
https://simplywall.st/stocks/us/healthcare/otc-grst/ethema-health - ***From Post #46312***
***Financial Times***
***https://markets.ft.com/data/equities/tearsheet/profile?s=GRST:PKC
***Income statement (USD)
Year on year Ethema Health Corp grew revenues 148.16% from 1.94m to 4.82m while net income improved from a loss of 1.54m to a gain of 247.88k.
***COMMITMENT
It is fundamental to our integrity and success that we uphold the highest possible standards of ethical and professional journalism, and that we are seen to do so. The benchmark for the FT’s journalistic practices is set by our FT Editorial Code. Compliance with the code is an obligation for all FT editorial staff.
==============================================================
Thanks for receipe, happy to hear your husband love it, can't wait to try it.
The crushing facts from the public documents speak for themselves. I don't make this stuff up. LOL
GRST - Nothing about what you say is to be Taken Serious!....Just in case you though that I was Complimenting you........I hope that you Understood that in my Previous Post I was Facetious!.........What I Really Meant was to point out that you Cannot Compete with the Financial Post Accredited Analysts!!!.....
GRST - Your Overwhelming Extraordinary Knowledge is Wasted Here!!!.....
You should Apply to the Financial Time!.....
***Financial Times***
***https://markets.ft.com/data/equities/tearsheet/profile?s=GRST:PKC
***Income statement (USD)
Year on year Ethema Health Corp grew revenues 148.16% from 1.94m to 4.82m while net income improved from a loss of 1.54m to a gain of 247.88k.
***COMMITMENT
It is fundamental to our integrity and success that we uphold the highest possible standards of ethical and professional journalism, and that we are seen to do so.
Hi Sylvia, the Apples Fritter are made and my Husband is Happy!!!......
You will love it if you make them!.....
janet
Interesting article. These are the people suing Behavioral Health Holding Inc (BHHI). BHHI changed its name to American Treatment Holdings Inc (ATHI) in 2019. ATHI is the holding company for the treatment center of which Ethema claims 75% of. Shawn Leon was fairly desperate in early 2020 after closing their only treatment center and found this guy Hawkins. What is it with the treatment center business that it attracts such unscrupulous players like Hawkins?
BEHAVIORAL HEALTH HOLDINGS, INC (BHHI) Name Change to AMERICAN TREATMENT HOLDINGS INC (ATHI) August 8th 2019.
http://search.sunbiz.org/Inquiry/CorporationSearch/ConvertTiffToPDF?storagePath=COR%5C2019%5C0911%5C33356023.Tif&documentNumber=L19000024560
Search as a guest the case number - look under "Dockets and Documents" - select icon at the far left under "CIVIL COVER SHEET"
Welcome to eCaseView, the Clerk of the Circuit Court & Comptroller’s free court records search.
https://appsgp.mypalmbeachclerk.com/eCaseView/landingpage.aspx
Wrongful Death Lawsuit - status: Open
Case Number : 50-2021-CA-002289-XXXX-MB
02/19/2021 - STRICKLIN, MARK V BEHAVIORAL HEALTH HOLDINGS INC
Closer look at Florida’s sober homes: Inside their fatal attraction with Wisconsin’s addicts
https://www.channel3000.com/news/local-news/closer-look-at-florida-s-sober-homes-inside-their-fatal-attraction-with-wisconsin-s-addicts/article_50d8ade9-5953-562b-91ac-77cf5cdd7714.html
...Seth Stricklin, of Janesville, overdosed just days ago at Evernia Station sober living home in West Palm Beach. His parents, Mark and Joyce, said they’ve been kept in the dark about the moments surrounding his death....
For former addicts who have made it through recovery, the scam known as the Florida shuffle is nothing new.
“There are a number of clients I have worked with that have shared with me their experiences about patient brokering when they were sent to treatment out of state,” said Skye Boughman, who works in drug poisoning prevention.
Boughman said prior to the passing of the Affordable Care Act, insurance companies would regularly cap coverage levels for those struggling with addiction.
“It put families in horrible positions where many of them took out second mortgages on their homes in order to have a chance to save their child’s lives,” she said.
After the ACA passed, however, she said sober homes began to appear in states like Florida, California and Arizona. Boughman said these homes exist not to heal people of their addictions, but to make money.
“Some of the places that popped up were very unscrupulous and really took advantage of people and that’s when we start to see patient brokering,” she said.
Dozens arrested in patient-brokering scheme connected to Lake Park lab
https://www.palmbeachpost.com/story/news/local/2019/04/02/dozens-arrested-in-patient-brokering-scheme-connected-to-lake-park-lab/5472744007/
There really isn't much cash flow from the treatment center. In fact, I doubt that the assets will pay off the debt secured against it due to valuation relative to cash flow. They haven't been paying on the Leonite notes taken out in 2022. That is just the notes for 2022 and if you notice their preferred lender, Leonite, hasn't extended any more credit for almost a year now.
GRST - As the Company is making $$$$$$$$$$$$$$ Everything should be Taken Care.....
*** Company Assessment 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.
***Pass
Have shareholders been diluted over the past year?
***Shareholders Have Not Been "Meaningfully" Diluted in the past year or recently listed
***Trading at 98.5% below our estimate of its fair value
***Became Profitable this year
***SimplyWallStreet***
https://simplywall.st/stocks/us/healthcare/otc-grst/ethema-health - ***From Post #46312***
***Financial Times***
***https://markets.ft.com/data/equities/tearsheet/profile?s=GRST:PKC
***Income statement (USD)
Year on year Ethema Health Corp grew revenues 148.16% from 1.94m to 4.82m while net income improved from a loss of 1.54m to a gain of 247.88k.
***COMMITMENT
It is fundamental to our integrity and success that we uphold the highest possible standards of ethical and professional journalism, and that we are seen to do so. The benchmark for the FT’s journalistic practices is set by our FT Editorial Code. Compliance with the code is an obligation for all FT editorial staff.
Another interesting legal find concerning the startup funding and a commission claimed by Lawrence Hawkins. I detailed who Lawrence Hawkins is in a previous post, link below. Hawkins (Q Global Trust) helped get the current treatment center started, owns 25% of ATHI the holding company, and is drawing $30K a quarter in management fees. He has made a ton of money here and apparently even made money on commissions earned for finding start-up funds.
I found a legal case filed in April 2022 where the defendants claimed that the $150K commission demanded by Hawkins was being contested. The 16 page writeup also includes the name Shawn Leon who was seeking the funding. Count 1 - "Breach of Contract", Count 2 "Unjust Enrichment" Count 3 "Quantum Meruit". Click on images below to enlarge. It was an interesting read, at least for me.
Lawrence Hawkins Post
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171703049
Case Number: 50-2022-CA-003157-XXXX-MB
Filing Date 04/05/2022 - BEHAVIORAL HEALTH LLC V Q GLOBAL TRUST LLC
Search as a guest the case number - look under "Dockets and Documents" - select icon at the far left under "CIVIL COVER SHEET"
Welcome to eCaseView, the Clerk of the Circuit Court & Comptroller’s free court records search.
https://appsgp.mypalmbeachclerk.com/eCaseView/landingpage.aspx
for the long ones ... don't worry we just got rid of a 100MM ballast, let's hope new buyers don't settle for a few pipps
GRST - Accident happen everywhere!.......
GRST - <<It also appears that there is a slip and fall lawsuit filed against ARIA for $50K in March 2023>>
***Aria Resort & Casino worker files lawsuit alleging he was ...
Top Class Actions
https://topclassactions.com › employment-labor › mg...
Jan 11, 2023 — A former MGM Resorts International employee is suing the company he worked for, alleging he was discriminated against and fired for not getting ...
ARIA Resort & Casino | Luxury Hotels | Las Vegas Hotels on ...
MGM Resorts
https://aria.mgmresorts.com › ...
Mar 8, 2014 — ARIA Hotel is one of many MGM Resorts luxury hotels on the strip. Our sustainable hotel was built on the "go green" concept with the best ...
BEHAVIORAL HEALTH HOLDINGS INC is the holding company for the treatment center. A quick search for legal issues reveals a wrongful death case filed in 2021 that is still open. There is a lot of Ethema (GRST) debt secured by the shares of this subsidiary, I wonder if they are aware of the exposure. You can log in as guest and use the filer form to search. It also appears that there is a slip and fall lawsuit filed against ARIA for $50K in March 2023.
Welcome to eCaseView, the Clerk of the Circuit Court & Comptroller’s free court records search.
https://appsgp.mypalmbeachclerk.com/eCaseView/landingpage.aspx
Case Number : 50-2021-CA-002289-XXXX-MB
02/19/2021 - STRICKLIN, MARK V BEHAVIORAL HEALTH HOLDINGS INC
Case Number: 50-2023-CA-008318-XXXX-MB
03/23/2023 - FRANKLIN, ANTHONY V ADDICTION RECOVERY INSTITUTE OF AMERICA
Closer look at Florida’s sober homes: Inside their fatal attraction with Wisconsin’s addicts
https://www.channel3000.com/news/local-news/closer-look-at-florida-s-sober-homes-inside-their-fatal-attraction-with-wisconsin-s-addicts/article_50d8ade9-5953-562b-91ac-77cf5cdd7714.html
...Seth Stricklin, of Janesville, overdosed just days ago at Evernia Station sober living home in West Palm Beach. His parents, Mark and Joyce, said they’ve been kept in the dark about the moments surrounding his death....
GRST - Although I would Appreciate Mr. Shawn Leon giving us News Regularly.......The way he is being treated by some.......I understand his Reluctance to do so!!!......
Being a CEO it is Not a License to be Relentlessly Insulted!!!.....Respect goes Both ways!!!
Naysayers Peoples gets what they Deserve!!!....
Time will tell!.....
You should really post a link for that information. That really is all the CEO needs to do right? A 30 second tweet. That is what they did June 2021 then went on to dump right at 1 billion shares for debt conversions in Q3 and Q4 2021. Gee look, we are close to 2 years out now and all they have done is pile the debt back on at a much higher cost. I guess they didn't foresee handing over all assets for debt either.
Ethema does not foresee any need for a reverse split at anytime in the next year or two. $GRST
— Ethema Health (@HealthEthema) June 29, 2021
If the company has become so profitable, how come the shareholders have not made money on their investment? Naked shorts to blame?
GRST - Company Assessment 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.
***Pass
Have shareholders been diluted over the past year?
***Shareholders Have Not Been "Meaningfully" Diluted in the past year or recently listed
***Trading at 98.5% below our estimate of its fair value
***Became profitable this year
***SimplyWallStreet***
https://simplywall.st/stocks/us/healthcare/otc-grst/ethema-health - ***From Post #46312***
***Financial Times***
***https://markets.ft.com/data/equities/tearsheet/profile?s=GRST:PKC
***Income statement (USD)
Year on year Ethema Health Corp grew revenues 148.16% from 1.94m to 4.82m while net income improved from a loss of 1.54m to a gain of 247.88k.
=========================================================
***Post it By declaes: Post # 46811 - Wednesday, May 03, 2023 1:58:03 PM***
***DO YOUR OWN DD***
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-2022Q
============================================================
***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!
***TIME WILL TELL***
======================================================
***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
0
O, that is your scenario...
Well, the scenario of the CEO = NO RS...
Mar 1 - 2023
"No plan to RS. Not needed until we eventually uplist."
I do not foresee a scenario where they lower the offering price. It looks to me like they found that repackaging the shares and the date change to April 10th 2023 requires that the SEC once again qualify the offering. That they changed the way the shares are issued in units of 100 seems to be a curious change to me. What I believe is happening is that the offering price will easily be amended to $0.12 without further review because units of 100 priced at $0.0012 or 4,166,666,660 shares is effectively the same as saying 416,666,666 shares priced at $0.12. The company plays a lot of games and I believe that this is just another method of getting what they want while confusing the hell out of existing shareholders.
Regulation "A" shares are immediately tradable. Those who subscribe to regulation "A" offering do not buy and hope the future price permits a profit. Debt holders will convert these shares just like the old days when shares were issued for debt at a steep discount to market then dumped. With the rule 144 changes in late 2021 toxic debt can no longer be converted for unregistered shares to immediately be sold. That is why we see more regulation "A" offerings these days.
The scenario that I see is a reverse split filing with a range of 1:600 to 1:2400 with the final price based on the market price move post announcement. I would assume price split from market price of .0001 to $0.24 post split with an outstanding share count a bit above 1.5 million. I'm thinking .0001 because everyone will know that heavy dilution will be coming post split with the offering. The split gives them a low outstanding share count to market to new retail buyers and it significantly attenuates the effect of existing shareholder sales. From there it gives plenty of room for a toxic lender like Leonite to work since the volume needed will only be had by selling the price down while it manipulates the market.
All that is simply my opinion. I said at the beginning of 2022 that they should have done what I just described. They had just come off of 2 quarters at the end of 2021 where they converted right at 1 billion shares for debt dropping the price to .001. They had some wind in their sails but had nearly a million in debt reset to .0001 as a result of the dilution with around $750K of that still eligible to convert at .001. Who would have envisioned that they would dawdle along for a year and a half, make the debt at .001 hold, pile on the new debt obligations to the point where now they are handing over assets. So they are clearly capable of making this much worse at this point.
https://www.otcmarkets.com/filing/html?id=16623154&guid=Lfu-ka3VoT2zB3h
The Offering
Securities offered Maximum of 4,166,666,660 shares of Common Stock, through the sale of 416,666,666 Units of 100 shares of Common Stock per Unit (1)
They will need to lower the sp of the offering.
I'm thinking that the May 4th refiling of the regulation "A" offering will need to be qualified again by the SEC since it included the statement below. The original filing is more than 7 months old now and the POS filing appears to reset the date to April 10th. This company doesn't appear to have much of a plan other than to borrow every quarter and hope that the market improves. I'm expecting at least another amendment before qualification and a big share structure fix to give this offering any chance.
1-A POS
https://www.otcmarkets.com/filing/html?id=16623154&guid=Yyu-kqiHU8d-B3h
An offering statement pursuant to Regulation A relating to these securities has been filed with the Securities and Exchange Commission. Information contained in this Preliminary Offering Circular is subject to completion or amendment. These securities may not be sold nor may offers to buy be accepted prior to the time an Offering Circular which is not designated as a Preliminary Offering Circular is delivered and the Offering Circular filed with the Commission is qualified. This Preliminary Offering Circular shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sales of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the laws of any such state. We may elect to satisfy our obligation to deliver a Final Offering Circular by sending you a notice within two business days after the completion of our sale to you that contains the URL where the Final Offering Circular or the offering statement in which such Final Offering Circular was filed may be obtained.
PRELIMINARY OFFERING CIRCULAR DATED April 10, 2023, SUBJECT TO COMPLETION
What happened, no encouraging words here?
Someone is unloading heavily this morning. Big holder, or is the company starting to cash out before the split? Maybe suck up the 3s before a PR push and final dumping. There is a precedent for this.
For the quarterly period ended September 30, 2020
https://www.otcmarkets.com/filing/html?id=14506428&guid=08u-kWJyLqYKJth
8. Short term convertible notes (continued)
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.
First Fire Global Opportunities Fund
Between January 6, 2020 and February 26, 2020, in terms of conversion notices received, First Fire converted an aggregate principal amount of $83,902 into 308,100,000 shares of common stock at an average conversion price of $0.000272 per share.
Power Up Lending Group LTD
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.
That is the insidious aspect of these companies in the OTC who push a narrative that isn't challenged. When no one posts it is easy to dupe those who really do not do proper due diligence.
It is very difficult to dig out the reality of the situation here without going back years in the filings. For instance, if you simply look at the recent company history narrative in their filings you will find no mention of the previous two treatment failures. They are only mentioned in filings for the pertinent periods.
The earnings for the treatment center will mean little to Ethema Health (GRST) by the end of Q2 according to the March 1st press release. The company tries to be clever by the use of the phrase "only non-real property debt" to suggest that they are retiring a lot of debt which isn't true relative to the total. They have a lot of convertible debt and I doubt that handing over the assets even covers what is secured by assets. The real investors will end up with the treatment center but it isn't throwing off a lot of cash flow and it is operating on leased property. I believe the problem for over a year now is that they aren't able to get deals with their debt holders that makes it practical for the company to continue as a going concern.
According to the annual, the Leon's are owed $2.7 million and the series "N" note holders more than $4 million with accrued interest. I don't understand how the company continues to borrow against earnings to pay the payments on that single ever increasing bill if they are to lose their performing assets. One thing is for certain, they need retail to step up and donate heavily and that just isn't happening in this market.
Ethema Extends Dates for Debt Repayment and Real Estate Closing
March 01, 2023 08:00 ET
| Source: Ethema Health Corporation
https://www.globenewswire.com/en/news-release/2023/03/01/2618141/0/en/Ethema-Extends-Dates-for-Debt-Repayment-and-Real-Estate-Closing.html
This will help clean up the balance sheet and together with our current efforts we expect that only the Series N convertible notes and the shareholder advances to my family will remain as the only non-real property debt by the end of the second quarter this year.”
Well if there is any volume, you know where it's coming from...
SINGLE SECURITY ANALYSIS : ETHEMA HEALTH CORP(GRST-5) - ETHEMA HEALTH ORD SHS
Investor Name % O/S - GRST-5 Most Recent Pos - GRST-5 Most Recent Pos Chg - GRST-5 Most Recent % Pos Chg - GRST-5 Most Recent Filing Date - GRST-5 Most Recent Filing Type - GRST-5 Most Recent Equity Assets ($MM) Investment Style Turnover Investor Sub-Type City Country
Leon (Shawn Edward) 4.38 163,187,300 0 0.00 31-Dec-2022 10K 0.07 Low Individual Investor United States
Greene (Eileen) 0.23 8,677,042 0 0.00 31-Dec-2022 10K 0.00 Low Individual Investor Canada
Miller (Gerald T) 0.01 500,000 0 0.00 31-Dec-2022 10K 0.00 Low Individual Investor United States
O Bireck (John) 0.01 500,000 0 0.00 31-Dec-2022 10K 0.00 Low Individual Investor United States
Total: 4.64 172,864,342
Yep, the smart ones sold above .01 long ago, too bad I didn't do the same.
Might be a nice grab at trip 1. This piggy is dead imo
According to the annual 10K there are less than 160 shareholder for this company. This means that there are likely many who are in the 100 million bag holders club and it isn't easy moving that many shares even in a good market. Todays volume of 20 million looks like a single share dump over two trades. For the most part shareholders here are stuck and the exits are closing fast as the company finally sets the stage for the next phase of share selling for debt. And sell they must.
Well looks like anyone can unload at the 3
Yes it has gotten worse... you are back LOL
LOL....not even insiders are wasting their time here.
This may possibly be the worst chart I've seen on IHUB in quite some time......and I watch a lot of penny stocks tank.
No volume with this ticker so I seriously doubt anyone is wasting their time trying to manipulate it. No real volume means that there is no money to me made. That has been going on for over a year. You do realize that the link to the trades that you provided was a whopping seven dollars worth.
I need a reimbursement for the value my shares lost here.
GRST - In his Infinite Empathy Mr. Shawn Leon is assisting any one in Need...Please do not exitate to request the Help you Need!!!....
***Drug Rehab West Palm Beach, FL | ARIAhttps://www.ariafl.com
Geez, when I last looked at this board things looked awful. Amazingly it has gotten worse.
GRST - <<Just look at your posts. Endless non stop posting of notes,clauses>> .. etc
Plus.....Conveniently Never Addressing the Detrimental Constant Manipulation that it is going on.....
*** Link to the trades.....
https://ih.advfn.com/stock-market/USOTC/demand-brands-pk-GRST/trades
The filings is where the state of the business is. How many companies whos status is "a going concern" actually are not paying on their notes and have notes in default. How many are borrowing against earnings then using those funds to make those payments? How many have a regulation "A" offering in place priced at .0012 while the stock trades at .0003? Most of these tickers do the reverse split first then price the stock at around 50% of the market price.
The receivables funding is completely unsustainable because they constantly need new cash to support the old as the debt grows. You have heard of a Ponzi scheme? 7 months since they originally filed the regulation "A" offering and they still can't get it off the ground. I believe they have been praying for a more liquid market. What has happened is to the contrary, the market liquidity has dried up and the cost of credit has skyrocketed for everything. No new retail buyers to bail this out means Leonite is stuck with a bunch of bad debt in my opinion.
What is a hoot is the fact that despite all those who constantly promote this company not one apparently will dig into their own wallets and shell out so much as four bucks for 10,000 shares at .0004. How many zero trade days have they had? Here it is after 1:00 and someone had the courage to blow two bucks of 5000 shares on this company's narrative and share structure. LOL Good luck, because dramatic changes are a coming if they are to fix this mess.
For the fiscal year ended: December 31, 2022
https://www.otcmarkets.com/filing/html?id=16535244&guid=vgu-kntvAcWWJth
15. Receivables funding
May 31, 2022 Funding
On May 31, 2022 the Company, through its 75% held subsidiary, Evernia Health Center, LLC entered into a Receivables Sale Agreement with Itria Ventures LLC (“Itria”), whereby $240,000 the Receivables of Evernia were sold to Itria, for gross proceeds of $200,000. The Company also incurred fees of $4,500, resulting in net proceeds of $195,500. The Company is obliged to pay 6.5% of the receivables until the amount of $240,000 is paid in full, with periodic repayments of $5,000 per week. The guarantor of the funding is a minority shareholder in ATHI.
The Company made weekly cash payment of $5,000 totaling $140,000 on the May 31, 2022 funding and settled the remaining $100,000 liability out of the proceeds of the December 13, 2022 funding, thereby terminating the funding agreement.
September 26, 2022 Funding
On September 26, 2022, the Company, through its 75% held subsidiary, Evernia Health Center, LLC entered into a Receivables Sale Agreement with Itria Ventures LLC (“Itria”), whereby $310,000 of the Receivables of Evernia were sold to Itria, for gross proceeds of $250,000. The Company also incurred fees of $5,500, resulting in net proceeds of $244,500. The Company is obliged to pay 7.41% of the receivables until the amount of $310,000 is paid in full, with periodic repayments of $6,458 per week. The guarantor of the funding is a minority shareholder in ATHI.
The Company made weekly cash payments of $6,458 totaling $83,958 on the September 26, 2022 funding. The balance outstanding at December 31, 2022 was $226,042, less unamortized discount of $48,254.
December 13, 2022 Funding
On December 13, 2022, the Company, through its 75% held subsidiary, Evernia Health Center, LLC entered into a Receivables Sale Agreement with Itria Ventures LLC (“Itria”), whereby $305,000 of the Receivables of Evernia were sold to Itria, for gross proceeds of $250,000. The Company also incurred fees of $2,500, resulting in net proceeds of $247,500. The Company is obliged to pay 6.08% of the receivables until the amount of $305,000 is paid in full, with periodic repayments of $6,354 per week. The guarantor of the funding is a minority shareholder in ATHI.
The Company made weekly cash payments of $6,354 totaling $6,354 on the December 13, 2022 funding. The balance outstanding at December 31, 2022 was $293,646, less unamortized discount of $54,703.
23. Subsequent events
Receivables Funding
On January 19, 2023, the Company received funding from an agreement entered into on December 14, 2022 through its 75% held subsidiary, Evernia Health Center, LLC entered into a Receivables Sale Agreement with Bizfund.com (“Bizfund)”), whereby $132,000 of the Receivables of Evernia were sold to Bizfund, for gross proceeds of $100,000. The Company is obliged to pay 15.0% of the receivables until the amount of $132,000 is paid in full, with periodic repayments of $2,750 per week. The guarantor of the funding is a minority shareholder in ATHI.
On February 14, 2022, the Company, through its 75% held subsidiary, Evernia Health Center, LLC entered into a Receivables Sale Agreement with Fox Business Funding (“Fox”), whereby $118,800 of the Receivables of Evernia were sold to Fox, for gross proceeds of $90,000. The Company is obliged to pay 8.0% of the receivables until the amount of $118,800 is paid in full, with periodic repayments of $2,970 per week. The guarantor of the funding is a minority shareholder in ATHI.
GRST - I Consider more Noble to Support Mr. Shawn Leon Efforts in Helping Peoples that Need to Regain A Normal Life than Relentlessly Refusing to Recognize The Progress being made and Defaming the Company!!!.....
*** Company Assessment 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.
***Pass
Have shareholders been diluted over the past year?
***Shareholders Have Not Been "Meaningfully" Diluted in the past year or recently listed
***Trading at 98.5% below our estimate of its fair value
***Became profitable this year
***SimplyWallStreet***
https://simplywall.st/stocks/us/healthcare/otc-grst/ethema-health - ***From Post #46312***
***Financial Times***
***https://markets.ft.com/data/equities/tearsheet/profile?s=GRST:PKC
***Income statement (USD)
Year on year Ethema Health Corp grew revenues 148.16% from 1.94m to 4.82m while net income improved from a loss of 1.54m to a gain of 247.88k.
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***Post it By declaes: Post # 46811 - Wednesday, May 03, 2023 1:58:03 PM***
***DO YOUR OWN DD***
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-2022Q
============================================================
***Drug Rehab West Palm Beach, FL | ARIAhttps://www.ariafl.com
***GlobeNewswire***
Ethema Posts Strong Year End Results
Ethema Health Corporation- April 4, 2023
.https://nz.finance.yahoo.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***
GRST - https://fb.watch/bN-wNMFvWg/
https://t.co/5GwitXravc $GRST
***Time Will Tell the Story!
Well at least some of us snagged some 3’s here
Lots of public co.main business is filings, taking salary working with notes, paying off debt, hiring staff to fill out filing form etc. ,yes the co is in business, however all energy spent on filing imo
Just look at your posts. Endless non stop posting of notes,clauses .. etc
Zero about the business itself, its all about filings. Late filings, very little on .leave filings alone and just get business. It probably costs a million dollars a year for co to do filings ,and that's even if they have no business
Jmo
As always those who promote aren't incentivized or wasting their time. Very noble to be promoting to the unsuspecting trader a company that has debt in default, paying default interest and fees on notes that haven't formally been declared as default. Has a regulation "A" offering in place which forecasts massive dilution for the stated purpose of managing the debt. Portraying a meager profit for a company that isn't paying on its quarterly debt obligations which is a business expense. Costly short term borrowing to keep up with the payments on the previous costly short term borrowing. Least of all is the secured debt for assets that appears to be in the process of transfer. The terms of the June Leonite "Security and Pledge Agreement" would likely tell us what is really happening. It is best to not regard any OTC stock a long term hold, least of all this one.
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"...
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.
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