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Once again it is about what they plan to do. A third forbearance date on the Leonite note, of course the real estate purchase is still ongoing. Why purchase property for a treatment center using Ethema Health funds when the treatment center is leveraged against secured debt? And we all know that all the delays for the past year have lead to their inability to sell the regulation offering. Yes folks, look forward to massive dilution with the regulation "A" offering. Another BS press release in my opinion.
Ethema Reports Updates and Extends Forbearance
June 08, 2023 13:50 ET
| Source: Ethema Health Corporation
https://www.globenewswire.com/news-release/2023/06/08/2685133/0/en/Ethema-Reports-Updates-and-Extends-Forbearance.html
The lender has agreed to extend the original forbearance agreement
purchasing the West Palm Beach real estate is also in its final stages
These two initiatives have delayed both the start of the Reg A+ capital raise
...The lender has agreed to extend the original forbearance agreement expiring June 8, 2023, until June 28, 2023 to agree to a plan for repayment of the Leonite debts and convertible loans....
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 has also extended the closing on the purchase of the real estate at 950 Evernia Street for a period of 120 days from February 1, 2023 to June 1, 2023. Each successive thirty-day extension will cost the Company an increasing fee amount that would reach a total of $70,000.00 if all extensions are used.
... 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....
This is priceless. The CEO accuses someone (wonder who) of misinformation concerning the wrongful death lawsuit. At the same time the CEO is the actually engaging in a misinformation tirade in the press release in my opinion. I suppose that you can do these things when the disclaimer at the bottom of the press release often contains more words than the press release itself.
As usual, if you parse his statement closely you can find the slight of hand. He dwells on the fact that the name Evernia Health Center was dropped from the case. The fact is that I posted this information complete with the actual document with link in my post #47058, link below. I also stated in this post that the "patient brokering" allegation was attributed to the codefendant Transformations Treatment Center. So much for the disinformation accusation and the waste of words concerning it in the press release.
Lets get to what I see as the actual the disinformation in the press release. The suggestion is since Evernia Health Center was dropped from the case that there isn't anything to see here. Document posted below lists the parties for the mediated settlement for the wrongful death case. You won't find the name of Peace of Mind Counseling Services Inc, the other defendant, in the press release statement. Peace of Mind Counseling Services Inc is registered under the name Behavioral Health Holdings, Inc.(BHHI). BHHI changed its name to American Treatment Holding Inc (ATHI) in August 2019 which was one month after the July 2019 date of the event which was the subject for the wrongful death case. American Treatment Holding Inc (ATHI) is the holding company for the shares of the Evernia Health Center. The name change document and link are below
So the mediated settlement included two defendants, Transformations Treatment Center and Peace of Mind Counseling Services. Who signed off on the annual filing for Peace of Mind Counseling Services in March of 2023? None other than the CEO of Ethema Health (GRST), Shawn Leon. In fact the registered agent company for Peace of Mind Counseling Services is none other than Behavioral Health Holdings, Inc.(BHHI). Note that the address of 950 Evernia Street is consistently named as the address for the business entities through out. To finish connecting the docs is the annual filing document for American Treatment Holding Inc (ATHI) date March 23 complete with the name Etehema Health signed off again was Shawn Leon. Now try separating Ethema Health (GRST) from the defendant of the mediated settlement because I am unable to.
Ethema Reports Updates and Extends Forbearance
June 08, 2023 13:50 ET
| Source: Ethema Health Corporation
https://www.globenewswire.com/news-release/2023/06/08/2685133/0/en/Ethema-Reports-Updates-and-Extends-Forbearance.html
...” Mr. Leon further added, “It came to my attention recently that misinformation about our Company was shared in an online forum accusing the company of being the subject of a wrongful death lawsuit and that the Company was accused of ‘patient brokering’. (CASE NUMBER: 502021CA002289 AN, Mark Stricklin v multiple parties.)...
...Another co-defendant ‘Transformations Treatment Center’ who is not affiliated with any of the other named parties was the party indicated in the suit as being a party to ‘patient brokering’. Evernia Health Center, LLC was never named as a party to this count and Evernia Health Center was not in operation at the time of the death of Mr. Strickland. The entire case was resolved on May 24, 2023 in mediation and the case was dismissed with prejudice. Evernia Health Center had nothing to do with the wrongful death case, and is not involved in any patient brokering.”
Post #47058 concerning both that the Evernia Health Center name was dropped and that the "patient brokering" is attributed to the codefendant Transformations Treatment Center
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172024862
Search as guest > copy and paste case number >
https://appsgp.mypalmbeachclerk.com/eCaseView/landingpage.aspx
Wrongful Death Lawsuit
Case Number : 50-2021-CA-002289-XXXX-MB
02/19/2021 - STRICKLIN, MARK V BEHAVIORAL HEALTH HOLDINGS INC
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
http://search.sunbiz.org/Inquiry/CorporationSearch/SearchResultDetail?inquirytype=EntityName&directionType=Initial&searchNameOrder=AMERICANTREATMENTHOLDINGS%20P190000663270&aggregateId=domp-p19000066327-63198a99-675d-469d-b176-58569b693687&searchTerm=American%20Treatment%20Holdings&listNameOrder=AMERICANTREATMENTHOLDINGS%20P190000663270
Another good day. How about close tomorrow at .0007? I feel good about this. If you want to tell me a reverse split is coming walk to the end of the dock. Then keep going
Lets keep the good time going
GRST - Company Assessment From Accredited Analyst Contradict ILL WILL......
*** 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.
==============================================================
***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
=================================================================
***GlobeNewswire***
Ethema Posts Strong Year End Results
Ethema Health Corporation- April 4, 2023
.https://nz.finance.yahoo.com ›
***Drug Rehab West Palm Beach, FL | ARIAhttps://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***
GRST - https://fb.watch/bN-wNMFvWg/
https://t.co/5GwitXravc $GRST
The future. Presumably the near future. Most who have played with a ticker with a regulation "A" offering in process have regretted it. Massive dilution on the way with or without a reverse split.
FORM 1-A
REGULATION A OFFERING STATEMENT
https://www.otcmarkets.com/filing/html?id=16623154&guid=W5T-knIzQoJpJth
...Ethema Health Corporation, a Colorado corporation (the “Company,” “Ethema,” “we,” “us,” and “our”), is offering up to 4,166,666,660 shares (“Shares”) of its common stock, par value of $0.01 per share (“Common Stock”) sold in Units of 100 Shares of Common Stock (“Units”) on a “best efforts” basis without any minimum offering amount pursuant to Regulation A...
Oh wow even more buying today, millions of 6s
GRST- Link to the trades.....
https://ih.advfn.com/stock-market/USOTC/demand-brands-pk-GRST/trades
***True and loyal shareholders provide good support to help the company grow***
Let's see what someone knowing what he talks about says ...
Few abstract from the NR
- The plan would greatly reduce substantial liabilities.
- Purchasing the West Palm Beach real estate is also in its final stages and will be part of the expected resolution as part of the senior debt restructuring.
- These initiatives will be resolved by June 30, 2023.
- ARIA subsidiary achieved extremely strong results in April and May.
Mr. Shawn Leon, Company CEO, reported, “Our focus on growth and repayment of debt should yield some very substantial results in the second quarter.”
Mr. Shawn Leon also addresses some misinformation about our Company shared in an online forum (I wonder who must be reffered to ???)
'Real numbers from the last filing for a little context.'
Once again you look at the past. I prefer to believe in future,
Booooom https://www.globenewswire.com/news-release/2023/06/08/2685133/0/en/Ethema-Reports-Updates-and-Extends-Forbearance.html
More news coming.
Get ready for explosion.
1 or the fastest growing OTC company.
$GRST
Real numbers from the last filing for a little context. Also consider that they borrow every quarter and are not making any payments on much of their debt which is now earning default interest of 24%, has had default penalties applied with a couple earning, what if referred to as, a $2000 monthly "monitoring" fee.
The $745K Leonite June note has been extended twice and today, June 8th, is the second date for the forbearance agreement. You can bet that Leonite is exercising their clause for default interest dating back to June 1st 2022 in those agreements. That would be one note now valued at over $1 million earning 24% interest that was exchanged for the $596K in Labrys debt. Note is secured by what is left of the company's assets that aren't already secured for debt.
Bottom line is that one can claim to be prosperous while living on their credit cards and not paying the minimum, but a some point you lose your house. The only path forward is to convince retail traders to to buy that debt because there really isn't much meat on the bone when it comes to equity from the assets. What will it take to convince retail traders to pour more money into this rabbit hole.
For the quarterly period ended March 31, 2023
https://www.otcmarkets.com/filing/html?id=16673787&guid=W5T-knIzQoJpJth
Revenues
Revenues were $1,300,046 and $1,023,315 for the three months ended March 31, 2023 and 2022, respectively, an increase of $276,731 or 27.0%.
Operating Expenses
Operating expenses were $1,225,020 and $948,375 for the three months ended March 31, 2023 and 2022, respectively, an increase of $328,661 or 34.7%.
How many companies do you know are
- reporting regularly
-generating significant growing revenues
-making gross profit
but
-are trading at a multiplier of less than .3 times their revenues?
The original regulation "A" filing was October 14th 2022, almost 8 months ago. Normally a regulation "A" offering follows a reverse split with an offering price at roughly 50% of market. Those who buy into a regulation "A" offering don't hold those shares hoping that the price produces a profit. They immediately dump each tranche to take advantage of the spread. One would have to believe that this company is going to more than double the current share count at 3 times the current market price with this treatment center narrative in a market with very weak liquidity. It has been eight months and it could be that this offering for debt retirement may never be viable even with a reverse split.
The SEC is widening its war on toxic funders
Published on August 24, 2021
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....
'the company will need retail donations to bail this situation out' ...
- The feds did announce 1 billion $$$ funding to help those in our situation (taking care of our type of patients). I wonder where this stands since the announcment ?
NOTWITHSTANDING THE ABOVE ...
'Massive dilution is on the way'
Effectively but if it goes as planned (announcment less than 2 months ago) someone will buy the 4,166,666,660 shares at the offered price 0f $0,0012 and the proceeds ($ 5,000,000) will be used to pay debt.
IF so ... Ongoing revenues and new finacials will justify a normal company value (market cap) of more than $12,000,000 (based on revenues of ONLY $1.3M/q and a multiplier of 10.
Assuming a O/S situation of 8,000,000,000 O/S that represents a pps of $0.0015 /s. (25% more than new shares purchased price)
Assuming our CEO looks at such a scenario, and waits for decisions to be made, why would he issue any kind of news ?
Personally I consider the business to be real, I assume our CEO has a plan and will continue to manage seriously the business, reporting regularly. On the otherhand, somme will keep working hard at disparaging the company and keeping the pps ridiculously low.
This being said, GRST is a high risk bet, offering large gain potential.
Stay positive. People may be realizing this is a rare OTC company making money. There are forces determined to hold the price down, and you can expect sales tomorrow. This stock is going to climb. The only question is this year or 2024
Actually the company started putting the debt back on in 2022 after they converted more than 1.5 billion shares in 2021. That is how it got pushed into the trip at the beginning of 2022. They have taken the debt that matured in 2022 and doubled it with the new notes that are now drawing penalties and interest of 24%. They have no choice because traders aren't buying the story anymore so the company isn't able to sell the stock. Littyle tricks like hiding the "Security and Pledge Agreement" doesn't help
Actually my posts are based on the direct words from the company primarily from the gleanings of the filings. The fact is that there is a regulation "A" offering in process, the company can't manage the debt, much of that debt is now drawing default penalties and 24% interest. Most who trade these stocks also understand that the current market liquidity is not going to get better and the company will need retail donations to bail this situation out. Seasoned traders won't touch a stock knowing that massive dilution is on the way with or without the reverse split.
GRST - Which means that Mr. Shawn Leon is working to Reduce the Debt Since 2022!....
***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 ***
***https://otcbb.swingtradebot.com/equities/GRST:OTC
***https://markets.ft.com/data/equities/tearsheet/profile?s=GRST:PKC
***https://simplywall.st/stocks/us/healthcare/otc-grst/ethema-health
https://www.ariafl.com/
***<<We will continue to focus on growth while improving our balance sheet.>>
***Drug Rehab West Palm Beach, FL | ARIAhttps://www.ariafl.com
***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
That quote from the CEO was back in November 2022. Those who believe that a regulation "A" offering is good for shareholders will be broke soon. The fact is that if they aren't able to create some demand for their shares they will never get the offering sold. The buyers of the offering will want the ability to flip for a profit quickly.
I agree with you...thanks for the links!
GRST - You might get your Wish Sylvia....
***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 ***
***https://otcbb.swingtradebot.com/equities/GRST:OTC
***https://markets.ft.com/data/equities/tearsheet/profile?s=GRST:PKC
***https://simplywall.st/stocks/us/healthcare/otc-grst/ethema-health
https://www.ariafl.com/
***<<We will continue to focus on growth while improving our balance sheet.>>
***Drug Rehab West Palm Beach, FL | ARIAhttps://www.ariafl.com
***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
Best Of Luck
janet
GRST - ***How to Buy Penny Stocks***
The OTC Stocks Being Less Regulated they are subject to Scare Tactics and Manipulation!.......
***Once you've learned to dodge the scammers, there are five steps to follow when purchasing a penny stock.
It's important to evaluate whether the stock has upside potential. You're investing because you'd like to get a return, right? So you need to ask yourself whether the penny stock you're considering truly has upside potential, or if it seems more to be a flavor-of-the-day stock, such as a company that's trying to ride the coattails of the latest investment fad.
***The Bottom Line
Penny stocks are extremely volatile and speculative by nature. As most trade on OTC exchanges or via pink sheets, where listing standards are lax, penny stocks are susceptible to manipulation and fraud. Still, the potential to make large returns is a strong allure, driving risk-taking investors into taking positions in these securities. Though many penny stocks go bust, if an investor exercises careful fundamental analysis and picks sound management teams, they could find the coveted diamond in the rough.
Hard to say what today was. Could just be that they found the ask thin and did a test to see if the bid would fill in. Anyone wanting to sell into the bid today found it lacking because it didn't fill in and an indication that real demand isn't there. We probably won't hear anything until the end of August about what happened in Q2.
I think OTC retail traders have tired of these toxic lenders like Leonite taking their money with their manipulation. A lot of these OTC retail gamblers of old went to crypto and now are playing around with sports gambling which has seen heavy volume lately. At least with sports gambling there is more truthful information available and luck does play a role. These stinky pink companies in the OTC are just taking your money. Make no mistake, these companies are simply lousy gambling vehicles and are never to be considered investments by retail traders.
Thanks, thats thats good one!
What did an average kilo of rice sell for in China today?
GRST - An Italian saying: Se sono Rose fioriranno
English Translation: If are Roses they will Blossoms
Un Sorriso
janet
I want to beleive so....fingers crossed....
GRST - Wondering If someone knows something......Like Mr. Shawn Leon has some Good News coming and this is a Beginning of a Reversal???....We shall see???....
You are welcome! hope it continues!
Wow...great post!
GRST - Mr. Shawn Leon is Positive Going Forward....
***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 ***
***https://markets.ft.com/data/equities/tearsheet/profile?s=GRST:PKC
***https://simplywall.st/stocks/us/healthcare/otc-grst/ethema-health
***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
============================================================
*** NO R/S - Post #46660 - ***
***GRST don't need a split and is not planning a split. Not for this offering, not on the near future***
***Nothing is IMPOSSIBLE!- Post #46824-***
https://m.facebook.com/story.php?story_fbid=pfbid0384zmAatZnTUzVhjkBMxiaSto25kuvLVWaDKCNCPMCqFGeP6h68jyFEt7zbVwEFfXl&id=100063477483736&sfnsn=mo
===============================================================
***GlobeNewswire***
Ethema Posts Strong Year End Results
Ethema Health Corporation- April 4, 2023
.https://nz.finance.yahoo.com ›
***Drug Rehab West Palm Beach, FL | ARIAhttps://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***
GRST - https://fb.watch/bN-wNMFvWg/
https://t.co/5GwitXravc $GRST
***Time Will Tell the Story!
Back to the silly short squeeze narrative. LOL Once they finally split the stock it will become a short sell opportunity in my opinion because the regulation "A" offering will begin to dilute the crap out of this. Anyone shorting this will wait because this company does absolutely nothing in a timely way. They have been paying default interest and penalties on two very short term Leonite notes for a year now so they could easily just keep doing nothing. The second forbearance date for the huge June 2022 Leonite note is June 8th, this week.
For the quarterly period ended March 31, 2023
https://www.otcmarkets.com/filing/html?id=16673787&guid=CFu-kFXCNXKfJth
8. 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 $231,481 as of March 31, 2023.
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 $143,634 as of March 31, 2023.
GRST - Company Assessment From Accredited Analyst Contradict ILL WILL
*** 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.
==============================================================
Good morning LOVE*PINK, Thank You!- Always nice to here from you!
Wishing you the very Best
Best of Luck
janet
A fortunate few are still able to exit their 5s before the regulation "A" offering dump. Offering means immediate massive dilution that won't happen until they get a split done. I'm thinking that the May 4th refiling would need to be qualified, but I do not know for certain.
Meanwhile the debt that is earning default interest of 24% with fees just keeps piling up. The 2022 Leonite debt alone earning default interest would be in excess of $1million. If they could get a successful walkup here and get the huge bid to move from the 3s to the 4s they could get a good dump before the split. This fun to watch. That is when they finally decide to do something. Many lessons can be gleaned from the press release manipulation.
Regulation "A" Offering 1-A POS
https://www.otcmarkets.com/filing/html?id=16623154&guid=lmT-k6Nt6F_Udth
The SEC is widening its war on toxic funders
Published on August 24, 2021
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....
$GRST> MILLIONS IN REVENUE. BILLIONS IN NAKED SHORTS.
$GRST WILL BE TOP STOCK TO MAKE MULTI MILLION DOLLAR GAINS.
$GRST ARIA - MUST SEE.
https://www.ariafl.com/
https://ethemahealth.com/
https://www.otcmarkets.com/stock/GRST/financials
$GRST.
GRST- Link to the trades.....
https://ih.advfn.com/stock-market/USOTC/demand-brands-pk-GRST/trades
***True and loyal shareholders provide good support to help the company grow
Looked for evidence of a letter of intent for acquisition in the last filing. All that I found was a $50K deposit paid toward the existing facility. It will be a long time before we see the Q2 filing to see what is really going on. Last year it wasn't released until August 15th.
For the quarterly period ended March 31, 2023
https://www.otcmarkets.com/filing/html?id=16673787&guid=OGT-kpYMRb9mB3h
Liquidity and Capital Resources
Cash used in investing activities was $102,418 and $72,858 for the three months ended March 31, 2023 and 2022, respectively. In the current period we invested in leasehold improvements and furniture and fittings to increase capacity at our Evernia facility, and paid an additional deposit of $50,000.
Ethema Posts Strong Year End Results
April 04, 2023 07:55 ET
| Source: Ethema Health Corporation
https://www.globenewswire.com/en/news-release/2023/04/04/2640560/0/en/Ethema-Posts-Strong-Year-End-Results.html
The Company has entered into a definitive agreement for the acquisition of the target Company it previously announced it was working on. A deposit has been posted with an escrow agent pending the final due diligence to be completed mid-May with a final closing date set for July 1, 2023. The Company will provide more details when the agreement goes firm after final due diligence. The company is located outside of Florida in the South Eastern United States.
Latest filing for the lawsuit dated May 26th below. Apparently the company has settled the suit through mediation. Who paid, and will they actually, finally, disclose it in a filing? It looks to me like this is what has been holding things up. We should see a press release about the debt deals for assets and a move to finally, finally, finally, make the regulation "A" offering viable. The only way that they will be able to convince investors to buy those offering shares is to demonstrate that they can be unloaded onto retail traders. Those retail traders won't buy unless they believe they can flip the shares for a profit. That will take a massive reverse split resulting in a low outstanding share count and a much better narrative than another losing treatment center deal in my opinion. Things should move along now with this mediation result and they need cash badly.
What could be good news is what is in the latest filing for the wrongful death lawsuit dated May 25th. It would appear that Behavioral Health Holdings, Inc.(BHHI) which in turn changed its name to American Treatment Holding Inc (ATHI), the current holding company for the Evernia Treatment center, has been dropped from the lawsuit "with prejudice" (means permanently).
It still leaves Peace of Mind Counseling Services Inc., a Florida Profit Corporation d/b/a Evernia Station as one of the two defendants. We still have the document that Shawn Leon has signed off as the CEO of this business entity, Peace of Mind Counseling Services Inc, with the "registered agent" listed as Behavioral Health Holdings, Inc.(BHHI). Could be that they are simply cleaning up the filing.
Worthy of note is that the defendant that is actually be accused of violating the Florida statutes is Transformations Treatment Center, Inc. A comment from Shawn Leon the CEO of Ethema Health (GRST) would clear this up rather quickly. Select images below to enlarge.
Search as a guest using the case number - look under "Dockets and Documents" go to page 8 of the documents
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 or CASE NO.: 502021CA002289 AN
02/19/2021 - STRICKLIN, MARK V BEHAVIORAL HEALTH HOLDINGS INC
05/23/2023 MOTION PLAINTIFF'S MOTION FOR LEAVE TO AMEND COMPLAINT
2. Undersigned counsel has learned through discovery and investigation that Defendant
TRANSFORMATIONS may have violated multiple Florida criminal statutes and 2
new counts need to be added against that Defendant related to the alleged criminal
conduct.
45. Florida's Patient Brokering Act broadly prohibits offering or paying any
"commission, benefit, bonus, rebate, kickback, or bribe, directly or indirectly, in cash or in kind" or
engaging "in any split-fee arrangement, in any form whatsoever, to induce the referral of a patient
or patronage to or from a health care provider or health care facility." Fla. Stat. § 817.505(l)(a)
46. The statute also prohibits soliciting or receiving any such commission, as well as
aiding or otherwise participating in conduct prohibited by the statute. See id. § 817.505(l)(b)—(d)
49. By paying for transportation to their facility, Defendant TRANSFORMATIONS was
in violation of § 817.505, Florida Statutes, also referred to as the Florida Patient Brokering Act for
this felony conduct.
On what basis would anyone be buying? The very best scenario for the company is to finally get the regulation "A" offering rolling. Anyone who has got caught holding while an offering converts understands what happens. How is the massive dilution for debt benefit current shareholders? This is getting worse by the day and the fact that they have gone silent after the Q1 means that they can't get it together once again. They have $400K in the refundable deposit for the property that they will NEVER actually buy that they can tap to feed the bleeding for another quarter. Even the best OTC prospects aren't able to convert equity for capital in this market.
Ethema Health Regulation "A" offering
https://www.otcmarkets.com/filing/html?id=16623154&guid=ZRT-kFZ0QRA5dth
...(the “Company,” “Ethema,” “we,” “us,” and “our”), is offering up to 4,166,666,660 shares (“Shares”) of its common stock, par value of $0.01 per share (“Common Stock”) sold in Units of 100 Shares of Common Stock (“Units”) on a “best efforts” basis...
GRST - Selling 100 Shares at 000.4.... Someone is really SPITEFUL....
DATE TIMESTAMP PRICE $ CHANGE VOLUME
05/31/2023 09:47:05 -0.0004 - 0.00 -.......100
05/31/2023 09:30:00 -0.0005- 0.00 - 100,000
05/31/2023 09:30:00 -0.0005- 0.00 - 330,000
***https://ih.advfn.com/stock-market/USOTC/demand-brands-pk-GRST/trades
Thanks, Janet, today is good day.
GRST - Link to the trades.....
https://ih.advfn.com/stock-market/USOTC/demand-brands-pk-GRST/trades
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