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Seriously want to post bed counts? Still quoting the CEO after what I have posted this weekend with the press release history. Well here is another about bed counts. There have been many press releases about bed counts with just a few below.
FAQ page July 2021 states that the capacity for the facility is 54 beds. Statement ' ...to be completed by September so that these extra beds should reflect in the fourth quarter numbers'
Lets skip over press releases about bed count and go to March 2022 nearly a year later. Shawn Leon Reports ...“The possibility of getting to 68 beds so soon after opening is empowering.
June 2022 They claim 'The third quarter will therefore have an availability of 62 beds for the full quarter.'
The only SEC filing that mentions be counts is the regulation "A" offering circular. The 1-A POS filing dated May 4th 2023 States that '...Addiction Recovery Institute of America, a 41-bed addiction treatment facility located in West Palm Beach, Florida...' That's right, 41 beds.
At one time I searched and posted about the ridiculous number of times that the company talked about building out that first floor and shuffling things around. The July 2021 FAQ page started it claiming that it would be completed by September that year. Stated the same in the very many press release along the way up to the May 2023 Regulation "A" offering circular where they say it again. Seriously, who believes what this CEO says?
1-A POS filing May 4th 2023
https://www.otcmarkets.com/filing/html?id=16623154&guid=h0T-k6f3Z33aJth
Summary
We operate the Addiction Recovery Institute of America, a 41-bed addiction treatment facility located in West Palm Beach, Florida. This facility is a three-story building with unfinished commercial space on the first floor and two floors of mixed commercial and residential space where clients are treated and sleep. The first-floor space is being completed at which time it will allow the center to expand to 52 beds by moving existing treatment space from the 2nd floor to the 1st Floor.
Company Signs Purchase and Sale Agreement to Acquire Property and Ends Third Quarter Strong
October 05, 2022 13:07 ET
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
On September 30, 2022 the Company’s ARIA subsidiary obtained occupancy of its newly built first floor space and is now in the process of moving offices and staff out of space on the second and third floors, making room to add additional beds on the upper floors. These beds will come on stream early this month. The first-floor space will also provide additional capacity for outpatient services. This is the last step required to reach the full capacity of the property.
Ethema Posts Strong Revenue Guidance for Second Quarter
June 30, 2022 12:07 ET
https://www.globenewswire.com/en/news-release/2022/06/30/2472430/0/en/Ethema-Posts-Strong-Revenue-Guidance-for-Second-Quarter.html
The expected addition of an additional 4 beds has been delayed due to the delays in completion of the first-floor commercial office space renovation. This renovation is complete and an occupancy permit is expected to be issued in the first week of July. The third quarter will therefore have an availability of 62 beds for the full quarter.
Ethema's ARIA Treatment Center Adds More Beds
March 03, 2022 09:10 ET
https://www.globenewswire.com/en/news-release/2022/03/03/2396414/0/en/Ethema-s-ARIA-Treatment-Center-Adds-More-Beds.html
is actively expanding its bed count. With the imminent addition of the ARIA treatment center first-floor treatment space and staff offices,
Mr. Shawn Leon, Company CEO, reported, “The possibility of getting to 68 beds so soon after opening is empowering.
The first-floor space is nearing completion and is now at the paint and finish stage. ARIA expects to receive the certificate of occupancy in the month of March and this will make way for the addition of 10 more beds on the second and third floor for a total of 58 beds.
Ethema Health FAQ Page Released July 2021
https://ethema.wpengine.com/?page_id=683
What can the total bed count be?
The ARIA lease includes approximately 4,000 square feet on the first floor of the building which is currently being built out for staff offices and treatment group rooms. This finished space will allow us to free up space on the second and third floor presently being used for offices and treatment and add 2 more detox beds, and 10 more partial hospitalization beds for a total of 54 beds. This is expected to be completed by September so that these extra beds should reflect in the fourth quarter numbers.
Ethema has added an FAQ section to its website https://t.co/L97AvfEQy0 and has established a forum for frequently asked shareholder questions. $GRST
— Ethema Health (@HealthEthema) July 27, 2021
Well, the numbers are telling another story...
"Every quarter it is the same rhetoric yet they never do what they say they will do"
DO YOUR OWN DD
Do your own DD on this OTC GEM GRST
Facts are Facts!
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
You know this is a contradiction of your own contradictory contradiction...
GRST - Quote << something new to tease shareholders along for another quarter>>
***Please See down Below the Progress that have been made....
*** Updated Events that did Occur***....
<<Mr. Shawn Leon, Company CEO, Reported, “We are extremely pleased with all of the success our team has had in Florida. We faced challenges and have met them all head on with success each time. We are in the middle of an extremely exciting development in West Palm Beach and well-positioned to continue our efforts to eliminate debt while building shareholder value.
*** Mr. Shawn Leon is Pleased and is Projecting a Positive & Favorable Outlook about the Progress that have been made!.....
***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.
Addiction Recovery Institute of America offers compassionate, personalized addiction treatment in Florida.
***Drug Rehab West Palm Beach, FL | ARIAhttps://www.ariafl.com
*** Addiction Recovery Institute of America
***74 Google reviews*** -
***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- <<.https://nz.finance.yahoo.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!
***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
.https://nz.finance.yahoo.com ›
GRST - https://fb.watch/bN-wNMFvWg/
https://t.co/5GwitXravc $GRST
GRST - Based on the fact that no one does anything "Out of the goodness of his heart".....there is a reason to think that someone that Relentlessly with animosity is searching into anything that could be hold against the Company....Might well be a Naked Shorter???....
Every quarter it is the same rhetoric yet they never do what they say they will do. They simply placate shareholders until he next quarter. Below is the Globe News Wire history of press releases for Ethema Health. You won't find a single, of the many, letters of intent that was executed. If you think maybe you found one, let me know and I will show you what really happened. Every quarter everything is delayed, fades off, something new to tease shareholders along for another quarter, Yada, Yada, Yada. ALL total BS. I'm beginning to think that the regulation "A" offering of eight months is BS. But if it is, this company is done in my opinion.
Globe News Wire Press Release History
https://www.globenewswire.com/en/search/organization/Ethema%2520Health%2520Corporation?page=1&pageSize=10
Ethema Reports Second Quarter Results
August 15, 2022 15:00 ET
https://www.globenewswire.com/en/news-release/2022/08/15/2498474/0/en/Ethema-Reports-Second-Quarter-Results.html
Mr. Shawn Leon, Company CEO, reported,...
We have set our sights on further expansion and hope to announce new LOIs on the acquisition of new beds and facilities in the third quarter.
Company Signs Purchase and Sale Agreement to Acquire Property and Ends Third Quarter Strong
October 05, 2022 13:07 ET
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
Mr. Shawn Leon, Company CEO, reported...
...We have also attempted to secure additional growth and expansion outside of the ARIA property, but neither of the opportunities the Company was working on in the third quarter were won by the Company and went to other bidders. We will continue to pursue similar opportunities to expand...
Ethema Posts Strong 3rd Quarter Results and SEC Qualifies the Regulation A Form 1A Filing
November 29, 2022 08:00 ET
The Company has begun due diligence on a potential acquisition expected to close in late January. Due to confidentiality agreements the Company is prohibited from disclosing the name of the potential target. The targeted acquisition cost is approximately $3.8 million. The Company is also set to close on the acquisition of the property leased by its ARIA subsidiary at the end of January 2023.
Ethema Extends Dates for Debt Repayment and Real Estate Closing
March 01, 2023 08:00 ET
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.
Ethema Reports Updates and Extends Forbearance
June 08, 2023 13:50 ET
These two initiatives have delayed both the start of the Reg A+ capital raise and the completion of the acquisition. All of these initiatives are interdependent on each other, and it is expected that they will be resolved by June 30, 2023.
It is not time to short this right now or even in the past year. This company has been hobbling along every quarter borrowing while their debt festers at 24% plus fees and the trading volatility has been near zero. LOL Shorts do not hold long term while company's like this stumble along and do nothing and risk getting caught on risks like margin calls in my opinion. The time will come when they split and start to cycle through each tranche of the regulation "A" offering. Then it will be game on. All the elements are in place so for now just wait. One thing is for certain, the only way Leonite is going to turn those very nice notes into hard cash is through retail trading losses. That is a OTC funding 101 fact.
“I naked short sold stocks EVERY single day,” former Morgan Stanley employee.
$mmtlp $gtii $fngr @GaryGensler @FinancialCmte @MariaBartiromo @SenJohnKennedy @jimcramer @WSJ @business @SenateBanking https://t.co/tLHvRGnzQA
— William P. Farrand (@WilliamPFarran1) June 10, 2023
At least they aren't talking about paying that debt from cash flow anymore. The press release of March 1st 2022 suggested that they would pay off the Labrys debt in a series of payments. Of course none of those payments happened but they did get some shares sold off the press release. What traders didn't know was that the company handed Leonite 150 million shares at .001 the day before on February 28th which put a stop to the run that day. Traders banked what will be $150K in losses that day.
The $745K June Leonite note was exchanged for the Labrys $596K in debt on June 1st 2022. The CEO said in July 2022 that cash flow should be enough to repay the new Leonite note before maturity. Maturity was March 1st 2023 and we are now on the third forbearance extension. According the last press release they still do not have a formal agreement to settle that note. One thing is for sure, it will not be from cash flow.
Ethema Reports Updates and Extends Forbearance
June 08, 2023 13:50 ET
https://www.globenewswire.com/en/news-release/2023/06/08/2685133/0/en/Ethema-Reports-Updates-and-Extends-Forbearance.html
...The company is in negotiation with its senior lender on repayment of its debt and convertible notes. 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 Files 8K on Debt Restructure
July 22, 2022
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, “We worked collaboratively with one of our long term investors to purchase the expiring notes from Labrys Fund and convert them into a new extended term note. 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 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"...
Ethema Continues to Reduce Debt
March 01, 2022 10:19 ET
https://www.globenewswire.com/en/news-release/2022/03/01/2394545/0/en/Ethema-Continues-to-Reduce-Debt.html
Maturity Date to May 31, 2022 calls for the balance to be paid in the following amounts on the following dates; $100,000.00 on March 31, 2022, $150,000.00 on April 30, 2022 and $136,000.00 on May 31, 2022.
...A similar amendment was made to the Labrys $230,000.00 note dated June 2, 2021 such that there will be no conversions under the note as long as the note is repaid in two equal payments of $127,650.00 on May 31, 2022 and June 30, 2022...
For the quarterly period ended March 31, 2022
https://www.otcmarkets.com/filing/html?id=15821144&guid=YYT-k6fu0R3AB3h
On February 28, 2022, in terms of a conversion notice, Leonite converted the principal sum of $149,250 of the Leonite Note into 150,000,000 shares of common stock at a conversion price of $0.0010 per share.
Ah yes, the good old days when posters were predicting the price would rise to a dime. That post was in October 2020 not long after they closed their other West Palm Beach location in January 2020 after hemorrhaging losses. In fact at the time of that post Ethema Health didn't technically own a treatment center. They were simply funding this start-up for a letter of intent dated February 2020 that wasn't revealed as such until a year later in the annual filing. I would say that board member banked some losses like everyone else.
Sunday, October 25, 2020 7:49:40 PM
Post# 14771
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=159107297
...I think we have a good honest man at the helm, Keep her on course Caption, set a waypoint at .10 cents (:
Have a good nite everybody!!
GLTA
Here are the links to do some great DD...
Do your own DD on this OTC GEM GRST
Facts are Facts!
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- Not Knowing all the Facts....As Usual you Assume the worse!...
<<No lies, but real due diligence>>
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
GRST - Mr. Shawn Leon is Positive Going Forward....
***The Company further reports that its ARIA subsidiary achieved extremely strong results in April and May with over 1 million in revenue for the two months. The company expects this revenue rate to continue for June. If revenue continues as projected, the second quarter will set new highs for profitability.
***SimplyWallStreet***
https://simplywall.st/stocks/us/healthcare/otc-grst/ethema-health - ***From Post #46312***
*** 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 97.6% below our estimate of its fair value
***Became Profitable this year
==============================================================
***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.
===============================================================
***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***
***.https://nz.finance.yahoo.com ›
GRST - https://fb.watch/bN-wNMFvWg/
https://t.co/5GwitXravc $GRST
Naked short will lose $1+ BILLION in $GRST too.
It is coming.
$GRST making 1 of the BGGEST COMEBACK in OTC.
NOW - GENERATING MILLIONS IN REVENUE.
Another wall street example.
June 9, 2023
https://finance.yahoo.com/news/carvana-stock-surge-leaves-short-sellers-sitting-on-1-billion-loss-150547990.html
$GRST
Oh goodness gracious
That newswire was
strong calling out
the lies posted
about a lawsuit.
Announcing
Millions in revenues
and they’ll continue!
Plus acquisitions.
SO UNDERVALUED!!!
You know, this would work a lot better if you could substantiate your claims in some way. Claiming that there are billions of shares shorted here is simply silly speculation otherwise. If there were any meaningful short positions in this ticker I can assure your that they do so for very good reason. These are not stupid people, but rather experienced traders.
Looks like the company is back to referring to the treatment center as Addiction Recovery Institute of America, LLC (“ARIA”). The CEO, Shawn Leon bought this subsidiaries from Ethema Health (GRST) December 31 2022 according to the 10K annual filing for zero dollars and not much of an explanation as to why. The last press release referred to the treatment center by its proper name Evernia Health Center. Addiction Recovery Institute of America, LLC (“ARIA”) was the proper name for the treatment center that this company closed in January 2020 after hemorrhaging losses resulting in much of the debt that the company struggles with today.
So if we are calling the treatment center Addiction Recovery Institute of America, LLC (“ARIA”) again, who is on the hook for the slip and fall lawsuit registered damages in excess of $50,0001, against ARIA? Lawsuit filed March 3rd 2023.
Ethema Reports Updates and Extends Forbearance
June 08, 2023 13:50 ET
https://www.globenewswire.com/en/news-release/2023/06/08/2685133/0/en/Ethema-Reports-Updates-and-Extends-Forbearance.html
...The Company further reports that its ARIA subsidiary achieved extremely strong results in April and May...
For the fiscal year ended: December 31, 2022
https://www.otcmarkets.com/filing/html?id=16535244&guid=SdT-kKd1NBcpJth
Corporate Structure
The Company consists of the following entities:
Addiction Recovery Institute of America, LLC (“ARIA”), a US registered company;
ARIA operated a treatment center in Delray Beach, Florida out of premises which it had acquired in February 2017. The treatment center was relocated and was operated out of leased premises in West Palm Beach Florida, which lease was subsequently terminated and all operations ceased under ARIA.
8. Related party transactions
Shawn E. Leon
On December 30, 2022, the Company sold its wholly owned subsidiaries, Greenestone Muskoka and ARIA, to Mr. Leon for gross proceeds of $0. The Company realized a gain on disposal of $628,567 which was recorded as a credit to Additional Paid in Capital due to the related party nature of the transaction.
Search as guest > copy and paste case number >
https://appsgp.mypalmbeachclerk.com/eCaseView/landingpage.aspx
CASE NUMBER: 50-2023-CA-008318-XXXX-MB
FRANKLIN, ANTHONY V ADDICTION RECOVERY INSTITUTE OF AMERICA
Filing Date 03/23/2023
Case Status Open
Do your own DD on this OTC GEM GRST
Facts are Facts!
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
Mr. LEon is doing a great job and short starting to lose their shit...
HELLO CEO SHAWN - NAKED SHORTS WANT REVERSE SPLIT TO THEY DON'T HAVE TO COVER THEIR BILLION+ NAKED POSITION AND GET TAX FREE GAINS.
HOLD THE LIND. STAY STRONG.
GROW THE COMPANY LIKE YOU ARE DOING SINCE LAST 1+ YEARS.
GENERATING MILLIONS IN REVENUE. AND PUNISH NAKED SHORTS.
$GRST.
Indeed LOVE*PINK...
$GRST GOING BIG. NOW GENERATING MILLIONS IN REVENUE.
https://www.otcmarkets.com/stock/GRST/financials
$GRST
$GRST GOING BIG. NOW GENERATING MILLIONS IN REVENUE.
https://www.otcmarkets.com/stock/GRST/financials
$GRST
Now is not the time to short and I seriously doubt anyone has. Primarily because the company could literally keep borrowing to kicking the can out for yet another couple of quarters like they have for the last year. This market isn't giving up much liquidity and the players still in the in the game are much wiser than most in my opinion. The time to short sell this is when the split is actually executed because the dilution will begin in earnest. This company appears to me to be absolutely desperate for new cash since they are borrowing at a rate of 24% interest now. Get those margin accounts in order folks and have some fun with this.
HELLO CEO SHAWN - NAKED SHORTS WANT REVERSE SPLIT TO THEY DON'T HAVE TO COVER THEIR BILLION+ NAKED POSITION AND GET TAX FREE GAINS.
HOLD THE LIND. STAY STRONG.
GROW THE COMPANY LIKE YOU ARE DOING SINCE LAST 1+ YEARS.
GENERATING MILLIONS IN REVENUE. AND PUNISH NAKED SHORTS.
$GRST.
They have been talkin about the regulation "A" offering for eight months now. I am 90% certain that the new filing 1-A POS dated May 4th will need to be to qualified again by the SEC. The new filing resets the start date and adds the convoluted language of consolidating the shares into units. I'm thinking the delay is due to the required qualification which may be delayed by the wonky shares to units language. I would expect the SEC to at least ask " what is up with that?" Because really... Why?
You can expect the split shortly after that in my opinion. I believe you will find that the $.0012, 100 units for $0.12 will actually be $0.12 a share after a massive reverse split to the neighborhood of $0.24 a share. I'm expecting another amended filing if the SEC objects to the language. This is a tricky, shady company in my opinion. A great many holders of this stock are about to be schooled on a regulation "A" offering's effect on share value.
Regulation 1-A POS fling 05/04/2023
https://www.otcmarkets.com/filing/html?id=16623154&guid=SdT-kKd1NBcpJth
...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 promulgated under the Securities Act of 1933,...
Company Signs Purchase and Sale Agreement to Acquire Property and Ends Third Quarter Strong
October 05, 2022
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
We continue to work on eliminating debt, especially convertible debt, and with stronger cash flow each month and the potential to raise new equity with a Regulation A offering at much higher prices than the current market, we believe we will be able to make significant strides on that front in the fourth quarter.”
Ethema Posts Strong 3rd Quarter Results and SEC Qualifies the Regulation A Form 1A Filing
November 29, 2022 08:00 ET
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
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....
Ethema Extends Dates for Debt Repayment and Real Estate Closing
March 01, 2023 08:00 ET
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 Reg A+ offering will soon have a new marketing plan and will soon be hosted on the Dealmaker platform.
Ethema Reports Updates and Extends Forbearance
June 08, 2023 13:50 ET
https://www.globenewswire.com/en/news-release/2023/06/08/2685133/0/en/Ethema-Reports-Updates-and-Extends-Forbearance.html
These two initiatives have delayed both the start of the Reg A+ capital raise and the completion of the acquisition.
NO CHANGE IN OS FOR MORE THAN 1 AND HALF YEARS.
BIG ONE. AND CEO GREW COMPANY TO GENERATE MILLIONS IN REVENUE.
YET - NAKED SHORTS ATTACKING THIS COMPANY.
THINKING CEO WILL GIVE UP.
BUT - CEO BELONGS TO MULTI BILLION DOLLAR FAMILY.
CEO SHAWN WILL MAKE $GRST TO BE THE TOP OTC STOCK.
INVESTORS IN $GRST WILL MAKE MILLIONS.
$GRST.
$GRST SHOULD BE > $.01 - MOST UNDERVALUED.
MILLIONS IN REVENUE. GOING BIG.
$GRST
$GRST going to be OTC SUPER STAR stock.
THANK YOU TO CEO SHAWN for TAKING CARE OF LOYAL SHAREHOLDERS.
and GIVING NOTHING TO BILLION+ NAKED SHORTS.
LET THEM COVER AT MUCH HIGH PRICE. PUNISH THEM.
$GRST
Most BS about the property purchase. Always about what they are going to do in sometime in the future. They have gotten nearly a year out of this property purchase narrative. Everyone has now been strung along for yet another quarter. The next filing will likely not be until the end of August, same as last year.
Ethema Signs Contract to Purchase Property
July 26, 2022 13:05 ET
https://www.globenewswire.com/en/news-release/2022/07/26/2486269/0/en/Ethema-Signs-Contract-to-Purchase-Property.html
has entered into a contract to purchase the property at 950 Evernia Street, West Palm Beach, that its ARIA subsidiary is currently leasing and that is the new address of the Company’s head office
Ethema Reports Second Quarter Results
August 15, 2022 15:00 ET
https://www.globenewswire.com/en/news-release/2022/08/15/2498474/0/en/Ethema-Reports-Second-Quarter-Results.html
The Company previously announced that it has entered into an option to purchase the building at 950 Evernia Street, West Palm Beach. This building is leased by the ARIA subsidiary for its addiction treatment operations. This is expected to be finalized in the third quarter.
Company Signs Purchase and Sale Agreement to Acquire Property and Ends Third Quarter Strong
October 05, 2022 13:07 ET
previously announced that it had entered into an option to purchase the building at 950 Evernia Street, West Palm Beach.
....The Agreement has a closing date of January 31, 2023. ...
Ethema Posts Strong 3rd Quarter Results and SEC Qualifies the Regulation A Form 1A Filing
November 29, 2022 08:00 ET
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
The Company is also set to close on the acquisition of the property leased by its ARIA subsidiary at the end of January 2023.
Ethema Extends Dates for Debt Repayment and Real Estate Closing
March 01, 2023 08:00 ET
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.
Ethema Posts Strong Year End Results
April 04, 2023 07:55 ET
https://www.globenewswire.com/en/news-release/2023/04/04/2640560/0/en/Ethema-Posts-Strong-Year-End-Results.html
The acquisition of the real property in which Evernia operates in West Palm Beach was deferred for up to four months from the original closing date of February 1, 2023,
Ethema Reports Updates and Extends Forbearance
June 08, 2023 13:50 ET
https://www.globenewswire.com/en/news-release/2023/06/08/2685133/0/en/Ethema-Reports-Updates-and-Extends-Forbearance.html
The Company’s initiative on 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.
This press release is simply updating the very same stuff that they have been saying for a year now. July 2022 they said that they would pay the Leonite note from cash flow well before maturity. Now they say that they are negotiation the note which matured three months ago. The third extension for the note forbearance staves off the actual default status but you can bet that the default terms of the note which entitles Leonite 24% interest dating back to June 1st of the note is in tack. This note alone is probably worth north of $1 million now. They haven't paid a nickel on tis note despite the press release rhetoric.
Ethema Files 8K on Debt Restructure
July 22, 2022 15:09 ET
https://www.globenewswire.com/en/news-release/2022/07/22/2484639/0/en/Ethema-Files-8K-on-Debt-Restructure.html
filed an 8-K today reporting the finalized new note to replace the expiring notes from Labrys Fund that were coming due at the end of June 2022. The new note extends the maturity for 9 months from June 1, 2022 and it also allows the Company to avoid further costs built into the note if the original amount owing under the Labrys notes is paid off by October 3, 2022.
The Company’s ARIA subsidiary is steadily increasing cash flow and should generate enough to repay the note in full prior to maturity.”
Ethema Reports Second Quarter Results
August 15, 2022 15:00 ET
https://www.globenewswire.com/en/news-release/2022/08/15/2498474/0/en/Ethema-Reports-Second-Quarter-Results.html
....We were successful in extending terms on our debt and expect to begin paying that off in the coming months.”
Ethema Extends Dates for Debt Repayment and Real Estate Closing
March 01, 2023 08:00 ET
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.
Ethema Reports Updates and Extends Forbearance
June 08, 2023 13:50 ET
https://www.globenewswire.com/en/news-release/2023/06/08/2685133/0/en/Ethema-Reports-Updates-and-Extends-Forbearance.html
The company is in negotiation with its senior lender on repayment of its debt and convertible notes. 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.
Grst now grade A https://otcbb.swingtradebot.com/equities/GRST:OTC
GRST looking SOLID!
Growing
Millions in profits
Expanding
Undervalued
GRST - The Company further reports that its ARIA subsidiary achieved extremely strong results in April and May with over 1 million in revenue for the two months. The company expects this revenue rate to continue for June. If revenue continues as projected, the second quarter will set new highs for profitability.
*** https://www.globenewswire.com/news-release/2023/06/08/2685133/0/en/Ethema-Reports-Updates-and-Extends-Forbearance.html
***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
***.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
Hey, who here remembers the good old days? Around June 2021 when this ticker was still trading around .004. $GRST>34 STRONG DD POINTS FOR POTENTIAL 1,000%-5,000%-10,000%+ GAINS. We all have seen many OTC stocks running to 10 cents, 25 cents, 50 cents and some to $1+ with over 5B OS and literally NOTHING in business.
Thursday, June 24, 2021 9:52:28 AM Post# 31859
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=164569023
Excellent point. GRST 1 of the top undervalued stock in stock market.
BIG news coming by June 30.
See yesterday news.
$GRST
This story can't be spun anymore. They aren't making any payments on much of their debt for over a year now, Much of that debt is earning default interest of 24%, penalties applied, and monthly fees added. They borrow every quarter and are now kicking it down the road for another quarter. Why? The numbers below.
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%.
I am actually absolutely correct. The more you dig here the more you find. Know what "caught red handed" means? This isn't a traffic ticket, this is a wrongful death settlement. Try to explain away the following.
....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)....
GRST> 1 of the FASTEST growing OTC company.
Excellent news yesterday.
https://www.globenewswire.com/news-release/2023/06/08/2685133/0/en/Ethema-Reports-Updates-and-Extends-Forbearance.html
Epic time ahead.
$GRST
So who had prior knowledge of the press release back on the 5th? Nearly 66 million shares sold on the 5th for up to .0006 out of the blue. A well placed leak could sell some shares and to put a new floor under the price before the release. The good news is that it looks like they will choke on those shares because you can bet that they won't want to hold onto them with yet another press release fail. Happy trading!
Well thank you. That is called real due diligence about a company that will not tell you the truth even in the filings from what I see. See anything in the last filing about this lawsuit? See anything in the press release about the company not having liability associated with the mediated settlement related to a business entity with Shawn Leon's name on it?
This Leonite note is over a year old now, matured at nine months, and we still haven't seen the "Security and Pledge Agreement" that was supposed to be attached as exhibit "C" of the 8K filing. The line "The convertible note is secured by all of the assets of Ethema Health Corporation and Addiction Recovery Institute of America, LLC." shows up in the quarterly filing nearly a month later.
For the quarterly period ended March 31, 2023
PART II
Item 1. Legal Proceedings.
We are currently not involved in any litigation that we believe could have a material adverse effect on our financial condition or results of operations. There is no action, suit, proceeding, inquiry or investigation before or by any court, public board, government agency, self-regulatory organization or body pending or, to the knowledge of the executive officers of our company or any of our subsidiaries, threatened against or affecting our company, our common stock, any of our subsidiaries or of our companies or our subsidiaries’ officers or directors in their capacities as such, in which an adverse decision could have a material adverse effect.
For the quarterly period ended June 30, 2022 released 08/15/2022
https://sec.report/Document/0001903596-22-000529/
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 07/22/2022
https://sec.report/Document/0001903596-22-000464/
...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 - Looking Forward With Expectation!.....
***The Company further reports that its ARIA subsidiary achieved extremely strong results in April and May with over 1 million in revenue for the two months. The company expects this revenue rate to continue for June. If revenue continues as projected, the second quarter will set new highs for profitability.
*** https://www.globenewswire.com/news-release/2023/06/08/2685133/0/en/Ethema-Reports-Updates-and-Extends-Forbearance.html
***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
***.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
Do you prefer orange juice or lemonade for the squeeze?
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
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