Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
GRST - Never Disregard the Imponderable!......Mr. Shawn Leon might surprise us going forward!!!......
***<<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.>>
***-Mr. Shawn Leon Has More Credibility Than Any One "Grasping At Straws"!.....-While Mr. Shawn Leon has VERIFIABLE CREDENTIAL .......Peoples CREDENTIALS of any ones that Post on any Forums CANNOT BE VERIFIED!
***<<The CEO say: We will continue to focus on growth while improving our balance sheet.>>
-The Company growth is real and the elimination of variable rate debt is real.
***Please see Post #42737 & 42751 Reply from The CEO!
====================================================================
*** Shawn Leon did buy shares at 0.079 - He must feel Confident about the Future......
Purchase 2018-12-12
4:03 pm ETHEMA HEALTH Corp GRST Leon Shawn Edward
CEO
10% Owner 28,350 $0.079
(Direct) View
*****LINK*****
https://www.secform4.com/filings/792935/0001721868-18-000742.htm
.https://nz.finance.yahoo.com ›
GRST - https://fb.watch/bN-wNMFvWg/
This same story line for more than a year now won't move new shares to support that offering. When do they come up with a new narrative and fix the share structure? I suspect that they will wait until the June Leonite note defaults March 1st and reward them for playing along with the $24% default interest on top of the $150K penalty fee. But it is only shares and those are printed for free.
PRELIMINARY OFFERING CIRCULAR DATED SEPTEMBER 8, 2022,
https://sec.report/Document/0001903596-22-000650/
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.
FAQ Page July 27th 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.
In July the Company reported that it expects to produce $1.8 million in Revenue in the Second half of 2021. What does this mean?
Even though we have 40 beds it is almost impossible to match each client with an available bed at the proper level of care and the gender of that bed availability.
GRST - Quote: << One Track Mind Peoples do not see further than the nose!!!.....
*** Albert Einstein >>
***<<The CEO say: We will continue to focus on growth while improving our balance sheet.>>
*** Progress have been made and Continue to be 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.
***From declaes - Post 44335........
*** 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 Reply from The CEO!
*** Shawn Leon did buy shares at 0.079 - He must feel Confident about the Future......
Purchase 2018-12-12
4:03 pm ETHEMA HEALTH Corp GRST Leon Shawn Edward
CEO
10% Owner 28,350 $0.079
(Direct) View
*****LINK*****
https://www.secform4.com/filings/792935/0001721868-18-000742.htm
.https://nz.finance.yahoo.com ›
GRST - https://fb.watch/bN-wNMFvWg/
looks like most of the fake bids are gone and the ask is growing every day. get ready for 3s
No one is manipulating this other than the company and the toxic lender of choice. The company took this down to the trips themselves with nearly 1 billion new shares dumped in Q3 and Q4 2021. The story is old and the debt situation is coming to a head with the Leonite June note that defaults March 1st to add to the $4 million plus that is already in default.
They have dragged their feet for the entirety of 2022 with regard to paying down debt and now it is a problem. The offering isn't viable with this story and share structure and they are doing nothing to address it. With roughly $750K in debt eligible to convert at .001 and the offering sitting at .0012 who is buying 8s and 9s? If you can't flip 8s who buys 7 and so on. Now the area of accumulation is 5s and everyone isn't going to make money flipping this before the company gets their act together.
Bottom line is that a regulation "A" offering creates a pool of free trading shares and dilution is never good for current shareholders.
The balance on the Leonite note that partially converted February 28th is $173K, converts at .001.
For the quarterly period ended March 31, 2022
https://sec.report/Document/0001903596-22-000301/
[color=red]10. Short-term Convertible Notes (continued)
Leonite Capital, LLC (continued)
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.
Joshua Bauman
On October 21, 2021, the Company entered into a Securities Purchase Agreement with Joshua Bauman (“Bauman”), pursuant to which the Company issued a senior secured convertible promissory note in the aggregate principal amount of $150,000, including an original issue discount of $16,250. The note bears interest at 11.0% per annum, which is guaranteed and earned in full on issue date and matures on October 21, 2022. The note may be prepaid at certain prepayment penalties and is convertible into shares of common stock at a conversion price at the option of the holder at $0.001 per share, adjusted for anti-dilution provisions.
On July 12, 2020, the Company entered into a Senior Secured Convertible Note agreement with Leonite for $440,000 with an original issue discount of $40,000 for gross proceeds of $400,000, the initial tranche advanced will be for cash of $200,000 plus the OID of $20,000, the remaining advances will be at the discretion of the Leonite. The loan bears interest at 6.5% per annum and matures on June 12, 2021. The Company is required to make monthly payments of the accrued interest on the advances made.
Ethema Continues to Reduce Debt
March 01, 2022 10:19 ET | Source: Ethema Health Corporation
https://www.globenewswire.com/en/news-release/2022/03/01/2394545/0/en/Ethema-Continues-to-Reduce-Debt.html
...The Company entered into a forbearance agreement with Leonite Capital Inc. (“Leonite”) for their note dated July 12, 2020 which limits certain collection activities for payment defaults until June 28, 2022. The current conversion price being employed on the note is $.001 per share...
GRST - Amazing that the Peoples that Keep Complaining do not Address the Ongoing Manipulation and the Constant Relentless Company Defamation???....
***<<The CEO say: We will continue to focus on growth while improving our balance sheet.>>
-The Company growth is real and the elimination of variable rate debt is real.
***Please see Post #42737 & 42751 Reply from The CEO!
*** Shawn Leon did buy shares at 0.079 - He must feel Confident about the Future......
Purchase 2018-12-12
4:03 pm ETHEMA HEALTH Corp GRST Leon Shawn Edward
CEO
10% Owner 28,350 $0.079
(Direct) View
*****LINK*****
https://www.secform4.com/filings/792935/0001721868-18-000742.htm
.https://nz.finance.yahoo.com ›
GRST - https://fb.watch/bN-wNMFvWg/
GRST- There is Continue Improvement and Mr. Shawn Leon IMO is doing his best to Succeed!
***Price-To-Earnings vs Industry: GRST is good value based on its Price-To-Earnings Ratio (0.8x) compared to the US Healthcare industry average (20.7x)
***Price to Earnings Ratio vs Fair Ratio
What is GRST's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
***Fair PE
***Ethema Health (OTCPK:GRST) Stock Valuation - Simply Wall Sthttps://simplywall.st › stocks › healthcare › valuation
Nov 30, 2022 — Learn to value Ethema Health (GRST) stock with easy-to-understand analysis. From popular relative valuation methods to future cashflows and ...
====================================================================
***<<The CEO say: We will continue to focus on growth while improving our balance sheet.>>
-The Company growth is real and the elimination of variable rate debt is real.
***Please see Post #42737 & 42751 Reply from The CEO!
*** Shawn Leon did buy shares at 0.079 - He must feel Confident about the Future......
Purchase 2018-12-12
4:03 pm ETHEMA HEALTH Corp GRST Leon Shawn Edward
CEO
10% Owner 28,350 $0.079
(Direct) View
*****LINK*****
https://www.secform4.com/filings/792935/0001721868-18-000742.htm
.https://nz.finance.yahoo.com ›
GRST - https://fb.watch/bN-wNMFvWg/
GRST - Interesting....
The U.S. government on Wednesday charged eight men of earning more than US$100 million in illicit stock market profits by manipulating their novice-investor followers on social media.
***Influencers fraud: 8 charged in social media 'pump-and-dump ...
SEC after Pumper and Dumpers
***Google it
“2 minute readDecember 14, 20225:42 PM ESTLast Updated 15 hours ago
***Read 39 pages:
***Case 4:22-cv-04306 Document 1 Filed on 12/13/22 in TXSD Page 1 of 39
Hate to say it, I don't see much support from Shawn Leon for the shareholders here, diluting and toxic financing driving the pps into the trips where I am down significantly from where I bought in at. Yeah, I know my fault, should have sold long ago.
Agreed, I don't see this running to .01 quickly.
Where is the dilution? Have new shares been issued?
To the best of my knowledge the company is producing money and paying its debts. I wanted a better PPS by now as would any shareholder, but I believe Leon and the company are working harder on producing a legitimate solvent company then putting out headlines
I don't see how this company is insolvent.
Again, if there is some new info please share
Well times are tough anything we can get lol
GRST - With The Majority of OTC There is a Much Better Return To Be Made Than a Measly Few Dollar!
I don’t know how many in finance and lending are in this thread but the reality is what it is. I don’t flip burgers or change pipes for a living
I don’t. They keep diluting. They’re in debt and pretty much insolvent. Hate to disagree but being a trip penny diluting shareholders you lose credit. In the real world of credit analysis they wouldn’t qualify for any traditional lending based on their debts to earnings and so forth. These pinks run off hype and that is what any penny position can hope for
GRST - I think that this Company deserve a better Consideration than "two flip"!....
***We will all do much better by supporting our Investment and Mr. Shawn Leon while he is trying his best to bring the Company Profitable!.....
Otherwise it’s a good two tick flip
GRST - Always remember the time-honored saying: it’s a Marathon not a Sprint.- As a Reminder: - Post# 42869
Simply put, long-term investing is meant to weather the storm and reacting irrationally is the last thing investors should do.
<<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. We look forward to our future quarterly reports showing vast improvements to the balance sheet and income statement.”>>
***GOING FORWARD!!! -
Ethema Health Granted Full Licenses......
24 sept. 2021 — 24, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Ethema Health ... report on the announcement of the University of Florida expansion.
No 1
Massive new university campus to be developed on all land surrounding treatment center. This could be potential windfall if we execute our option to purchase treatment center property. $GRST https://t.co/r6Fgffu0Wj
No 2
Company will announce plans as more information becomes available.
============================================
*** Shawn Leon did buy shares at 0.079 - He must feel Confident about the Future......
Purchase 2018-12-12
4:03 pm ETHEMA HEALTH Corp GRST Leon Shawn Edward
CEO
10% Owner 28,350 $0.079
(Direct) View
*****LINK*****
https://www.secform4.com/filings/792935/0001721868-18-000742.htm
.https://nz.finance.yahoo.com ›
GRST - https://fb.watch/bN-wNMFvWg/
https://t.co/5GwitXravc $GRST
lol you and everyone else except bubae but this just keeps moving farther away from .01. hitting another new low is more likely than getting out of trips
I would like to see a run to .01 again. Entirely possible even with this sharecount on a proper promotion, January effect and volume imo
I’ve got them at least 3-4 times this past year otherwise I’ve not bought 6/7 etc. 5s for sure
It’s for sure this app combined with iPhone Than>then. Feel<fill. You only have five mins to change otherwise you’re stuck looking like a dumb ass lol lolz
yea there's some luck involved. whenever i place an order it can go up on cdel, nite, or csti
That’s wild. It also depends on the brokerage I would imagine as well which I use fidelity in this case
i've had a gtc order for couple months and haven't got any lol. gl!
Spelling and grammar sucks lol.
Yo
I just put a bid gtc for 4 and eventually it feels. Much easier then going in every day and setting before market plus how many people are actually trading this… not more than 50-100 I would say…. If that
how are u always the first to get 4s? lol
17mil 5s now.. soon 50mil 5s and the fake bids will start to disappear. how is there an unlimited supply of 5s for a whole year??
GRST- Link to the trades.....
https://ih.advfn.com/stock-market/USOTC/demand-brands-pk-GRST/trades
GRST- There is Continue Improvement and Mr. Shawn Leon IMO is doing his best to Succeed!
***Price-To-Earnings vs Industry: GRST is good value based on its Price-To-Earnings Ratio (0.8x) compared to the US Healthcare industry average (20.7x)
***Price to Earnings Ratio vs Fair Ratio
What is GRST's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
***Fair PE
***Ethema Health (OTCPK:GRST) Stock Valuation - Simply Wall Sthttps://simplywall.st › stocks › healthcare › valuation
Nov 30, 2022 — Learn to value Ethema Health (GRST) stock with easy-to-understand analysis. From popular relative valuation methods to future cashflows and ...
====================================================================
***<<The CEO say: We will continue to focus on growth while improving our balance sheet.>>
-The Company growth is real and the elimination of variable rate debt is real.
***Please see Post #42737 & 42751 Reply from The CEO!
*** Shawn Leon did buy shares at 0.079 - He must feel Confident about the Future......
Purchase 2018-12-12
4:03 pm ETHEMA HEALTH Corp GRST Leon Shawn Edward
CEO
10% Owner 28,350 $0.079
(Direct) View
*****LINK*****
https://www.secform4.com/filings/792935/0001721868-18-000742.htm
.https://nz.finance.yahoo.com ›
GRST - https://fb.watch/bN-wNMFvWg/
Interesting that they are hitting more media outlets than before. Things may be heating up, but dilution comes with promotion.
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 SEC seems to feel that if people are making inaccurate, or even false, statements about the company online, whether inadvertent or intentional, then the company needs to know about it and possibly address them..
Sounds promising.
Article parrots the EBITDA narrative. When is more dilution for debt a good thing? How do they do it at .0012 with this share structure and story?
....For the entire company, the EBITDA for the first nine months of the year came in at $898920. However, that was not all, back on November 14, 2022, Ethema also got a notification from the United States Securities and Exchange Commission with regards to its Form 1A.
That was a significant development for the company considering the fact that following that Ethema got the permission to start raising fresh equity as had been requested in the filing. It may be a good time to keep an eye on the stock.
The company does a good job cultivating and promoting the EBITDA number. When the Leonite June note defaults they can use that 24% to also help boost the EBITDA number. The use of that number is a bit of con. They never talk about revenue or real earnings for a reason. statements like "...growth will become our sole objective after repaying the debt...." are misleading as well. After repaying the debt?!? What year might that be? LOL
EBITDA = Net Income + Taxes + Interest Expense + Depreciation & Amortization
For the quarterly period ended March 31, 2022
https://sec.report/Document/0001903596-22-000301/
Interest expense $ 80,768
For the quarterly period ended June 30, 2022
https://sec.report/Document/0001903596-22-000529/
Interest expense $122,848
For the quarterly period ended September 30, 2022
https://www.otcmarkets.com/filing/html?id=16200583&guid=wEG-knVR-IG9dth
Interest expense $163,561
Ethema Posts Strong 3rd Quarter Results and SEC Qualifies the Regulation A Form 1A Filing
November 29, 2022 08:00 ET | Source: Ethema Health Corporation
https://www.globenewswire.com/en/news-release/2022/11/29/2563968/0/en/Ethema-Posts-Strong-3rd-Quarter-Results-and-SEC-Qualifies-the-Regulation-A-Form-1A-Filing.html
The Company’s ARIA subsidiary continued its growth and had a $712,839.00 EBITDA for the first nine months of the year.The Company’s wholly owned subsidiary, PB Billing LLC, which started operating in May 2022, had an EBITDA of $34,579.00 for the first 9 months of the year. Companywide EBITDA for the first nine months of the year was $898,920.00.
Mr. Shawn Leon, Company CEO, reported, “We had set a goal at the beginning of the year for our ARIA subsidiary to produce an EBITDA of $1,000,000 for calendar 2022. It looks like we are on track to make that goal and are very proud of our many associates and team members for helping us get there.
...We expect to substantially grow the EBITDA in 2023 as growth will become our sole objective after repaying the debt.”
Dead money here for a while and deader than dead when they finally get the reg "A" offering inline with reality.. The June Leonite note will default for a total of $1 million by design in my opinion. They have been telling this same build story while promoting a bogus EBITDA number for more than a year now. So they need a new story and fix this share structure to make the offering at .0012 viable. Even when viable they will need to sell an awful lot of shares at .0012 to deal with their immediate debt problems.
The offering is useless at the moment and so are owning 8s and 9s since there is roughly $750K in notes currently eligible to convert at .001. If 8s and 9s aren't sellable those buying the few 7s are in good company with those who would love to dump their 7s and 8s. So the bid sits at 4 with those hoping that they can flip at 5 or 6 taking the chance that the reverse split doesn't come soon. They need news to do it and the company went quiet for 90 days after the Q3 2021 filing. Bottom line is that a regulation "A" offering combined with a company drowning in debt is very bad for shareholders.
The balance on the Leonite note that partially converted February 28th is $173K, converts at .001.
For the quarterly period ended March 31, 2022
https://sec.report/Document/0001903596-22-000301/
10. Short-term Convertible Notes (continued)
Leonite Capital, LLC (continued)
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.
Joshua Bauman
On October 21, 2021, the Company entered into a Securities Purchase Agreement with Joshua Bauman (“Bauman”), pursuant to which the Company issued a senior secured convertible promissory note in the aggregate principal amount of $150,000, including an original issue discount of $16,250. The note bears interest at 11.0% per annum, which is guaranteed and earned in full on issue date and matures on October 21, 2022. The note may be prepaid at certain prepayment penalties and is convertible into shares of common stock at a conversion price at the option of the holder at $0.001 per share, adjusted for anti-dilution provisions.
On July 12, 2020, the Company entered into a Senior Secured Convertible Note agreement with Leonite for $440,000 with an original issue discount of $40,000 for gross proceeds of $400,000, the initial tranche advanced will be for cash of $200,000 plus the OID of $20,000, the remaining advances will be at the discretion of the Leonite. The loan bears interest at 6.5% per annum and matures on June 12, 2021. The Company is required to make monthly payments of the accrued interest on the advances made.
Ethema Continues to Reduce Debt
March 01, 2022 10:19 ET | Source: Ethema Health Corporation
https://www.globenewswire.com/en/news-release/2022/03/01/2394545/0/en/Ethema-Continues-to-Reduce-Debt.html
...The Company entered into a forbearance agreement with Leonite Capital Inc. (“Leonite”) for their note dated July 12, 2020 which limits certain collection activities for payment defaults until June 28, 2022. The current conversion price being employed on the note is $.001 per share...
GRST - <<the boss keeps working and progress seems to be happening behind the scene>>
*** YES! Progress have been Made and Continue to be made!.....
The CEO say: <<We will continue to focus on growth while improving our balance sheet.>>
-The Company growth is real and the elimination of variable rate debt is real.
***Please see Post #42737 & 42751 Reply from The CEO!
=====================================================================
*** Shawn Leon did buy shares at 0.079 - He must feel Confident about the Future......
Purchase 2018-12-12
4:03 pm ETHEMA HEALTH Corp GRST Leon Shawn Edward
CEO
10% Owner 28,350 $0.079
(Direct) View
*****LINK*****
https://www.secform4.com/filings/792935/0001721868-18-000742.htm
.https://nz.finance.yahoo.com ›
GRST - https://fb.watch/bN-wNMFvWg/
*** Enjoy Traveling....... Be well and safe!
Take Care
janet
In fact grst market cap is now 2 million not 15 million
GRST - Good and Positive Article!......Thanks for Posting!....
***<<One of the companies that could be of interest to investors at this point in time is Ethema Health Corporation (OTCMKTS:GRST), which is involved in the behavioral healthcare industry and is mainly engaged in providing treatment for substance abuse-related disorders.>>
https://thestreetreports.com/ethema-health-corporation-otcmktsgrst-healthcare-stock-on-radar-for-december-2022/
***If Mr. Shawn Leon Play his Cards Right......Going Forward there is a Good Possibility that Ethema Health Care could become as good as his Competitors.....
<<Ethema Health Corporation (OTCPINK: GRST) operates in the behavioral healthcare space specifically in the treatment of substance use disorders>>.
MASSIVELY undervalued compared to other companies
GRST has only 2 competitors in the pure Behavioral Health sector.
ACHC
OTRK
Each of them trade on the NASDAQ and are worth billions
ACHC Market Cap = 4,75b
OTRK Market Cap = 1,5b
GRST Market Cap : 15m
***<<The market is exploding and GRST could become the 3rd major option in the $35 Billion addiction treatment industry>>
***The United States Substance Abuse Treatment Market size was estimated at:
*USD 1,063.12 million in 2021;
*USD 1,150.26 million in 2022; and is projected to grow at a CAGR 9.30% to reach
*USD 1,812.92 million by 2027.
====================================================================
<<The CEO say: We will continue to focus on growth while improving our balance sheet.>>
-The Company growth is real and the elimination of variable rate debt is real.
***Please see Post #42737 & 42751 Reply from The CEO!
=====================================================================
*** Shawn Leon did buy shares at 0.079 - He must feel Confident about the Future......
Purchase 2018-12-12
4:03 pm ETHEMA HEALTH Corp GRST Leon Shawn Edward
CEO
10% Owner 28,350 $0.079
(Direct) View
*****LINK*****
https://www.secform4.com/filings/792935/0001721868-18-000742.htm
.https://nz.finance.yahoo.com ›
GRST - https://fb.watch/bN-wNMFvWg/
Healthcare Stock On Radar For December 2022
Happy Friday GRST longs
https://thestreetreports.com/ethema-health-corporation-otcmktsgrst-healthcare-stock-on-radar-for-december-2022/
ByAnkit Singhania
DEC 6, 2022 GRST
The company was in the news last week on November 29 when it filed its financial results for the third fiscal quarter of 2022. There were plenty of bright spots in the financial results and one of those was the continued strong performance of ARIA, the company’s subsidiary unit. During the first nine months of the year, the subsidiary managed to generate an EBITDA of $712,839. On the other hand, its fully owned subsidiary unit PB Billing LLC managed to generate EBIDTA to the tune of $34,579 in the first nine months. It should however be noted that PB Billing had actually started its operations back in May this year.
For the entire company, the EBITDA for the first nine months of the year came in at $898920. However, that was not all, back on November 14, 2022, Ethema also got a notification from the United States Securities and Exchange Commission with regards to its Form 1A.
That was a significant development for the company considering the fact that following that Ethema got the permission to start raising fresh equity as had been requested in the filing. It may be a good time to keep an eye on the stock.
Ow, that's how you see building a business from almost none revenues per Q to 1.4mil revenues per Q in 1,5 year.
Ok... thank you for your opinion.
Thank you for your opinion.
I'm sure you know I have another one.
Enjoy your day.
We would all like to see something new here. This is one serious Sh!t Sh@w and will continue to be as long as Leonite dictates what happens. Leonite is owed more than $3 million and they are the only secured note holder. Most other debt holders including the Leons are spectators at this point.
I'm thinking that the Leonite June note defaults by design and locks in 24% default interest which brings that exchange note up to $1 million. The language in the note addresses their participation rights for any offering. I suspect that they become the buyer for the first traunch or more of the offering and pay off their own note! LOL So their $596K investment in the exchange note turns into $1 million worth of offering shares which will award them a very nice return on what is already a very nice return. In the mean time they need to fix the share structure and come up with a better story.
Debt indeed matters... if not, GRST would be trading at $0.085
To me it looks like debt is starting to be under controle and a mc of 2mil is not fair to the value/debt story at GRST
But hey, everyone his/her opinion. Just no need to mislead or lie.
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |