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The losses associated with the previous two closed treatment centers is entirely under this CEO. Ethema Helath (GRST) didn't buy a business with debt, rather the CEO, (Leon Developments Ltd.) sold Cranberry Cove Holdings to Ethema Health (GRST) which subsequently sold the GreeneStone Muskoka treatment center and retained the property.
Those funds were brought to Florida for the Delray Beach treatment center start-up. By October 2019 the Delray Beach properties were handed over to Leonite for debt. Operations were moved to 5400 East Ave, West Palm beach which was also closed by January 2020 after hemorrhaging losses.
The 75% ownership claimed by Ethema Health of the current treatment center is largely held by investors to secure debt for this start-up. Ultimately these investors will own the treatment center to satisfy at least those lenders in my opinion. Ethema Health is on the hook for the toxic debt obligations and liabilities, not the real investors of the treatment center.
We should know how they settle the Leonite secured debt by the end of Q2. What is left will likely be the convertible debt. They badly need the new debt agreements before moving onto what it will take to make the regulation "A" viable. I believe the subscribers to the offering will actually be Leonite and other debt holders.
For the fiscal year ended: December 31, 2019
https://www.otcmarkets.com/filing/html?id=14268515&guid=Hiu-kFUYuTxmB3h
1. Nature of business
The Share Purchase Agreement
Under the SPA, the Company acquired 100% of the stock of CCH from Leon Developments Ltd. (“Leon Developments”), a company wholly owned by Shawn E. Leon, who is the President, CEO, and CFO of the Company (“Mr. Leon”). CCH owns the real estate on which GreeneStone Muskoka is located. The total consideration paid by the Company was CDN$3,517,062, including the assumption of certain liabilities of CCH, which was funded by the assignment to Leon Developments of certain indebtedness owing to the Company in the amount of CDN$659,918, and the issuance of 60,000,000 shares of the Company’s common stock to Leon Developments, valued at US$0.0364 per share.
The Florida Purchases and Business
Immediately after closing on the sale of the assets of the Canadian Rehab Clinic, the Company closed on the acquisition of the business and real estate assets of Seastone Delray pursuant to certain real estate and asset purchase agreements. This business is operated through its wholly owned subsidiary, Addiction Recovery Institute of America, LLC (“ARIA”) (formerly Seastone Delray Healthcare, LLC). The purchase price for the ARIA assets was US$6,070,000 financed with a purchase money mortgage of US$3,000,000, and US$3,070,000 in cash.
On May 23, 2018, the Company converted the agreement to purchase AREP 5400 East Avenue LLC. (“the landlord”) into a lease agreement with a purchase option of $17,250,000, increasing August 31, 2018 by $750,000 per month until the purchase option is exercised. The premises is located at 5400, 5402 and 5410 East Avenue, West Palm Beach, Florida (the “Property”). The lease was for an initial 10 years and provided for two additional 10 year extensions.
On October 10, 2019, the Company transferred a warranty deed to the real property located at 810 Andrews Avenue, Delray Beach, Florida to Leonite Capital, LLC, in settlement of indebtedness of $1,398,514 and additional expenses related to the disposal of the property of $36,470. These expenses of $36,470 were provided for resulting in net proceeds recognized on the transfer of the property of $1,362,044.
For the fiscal year ended: December 31, 2020
https://www.otcmarkets.com/filing/html?id=14873406&guid=Hiu-kFUYuTxmB3h
West Palm Beach Treatment Operations
The Company treatment operations were based in our leased premises at 5400 East Avenue, West Palm Beach, Florida, USA.
This facility was operated until January 30, 2020, we have subsequently ceased operations at this facility and are currently exploring new treatment facility options.
The Company intends to continue its operations at a new location in west Palm Beach. A Letter of Intent ("LOI") was signed on February 7, 2020, with a third party that has a property lease and a pending license at its new location. The Company originally anticipated recommencing operations in February 2020, however it has been adversely affected by the COVID-19 pandemic. The LOI requires the Company to provide a working capital loan of up to $500,000, to date the Company has loaned $690,449 as of December 31, 2020. The Company is expected to close on the acquisition shortly.
GRST - IMO,.....We do not know everything!???.....
Yes.. as aside..I just don't understand why ceo's buy into co's that have huge debts and spend years ,just trying to clean up the debt, why not just buy a business with little debt, if the core business is a good business
GRST - If I well Understand..... Mr. Shawn Leon is saying:
***CO. will shortly update on all. - Looking Forward with Expectation!.....
Thank You so very much for Letting us know!.....
Best of Luck
janet
Plus obviously he knows getting rid of debt is his goal, as he stated in last few prs. For the co core business is doing well
Imo
Jist of reply from ceo to me .is that co will shortly update on all..including real estate dealing .so hang in there.
whatever shortly means?
Is a guessing game .....anyway.
We just have to wait
GRST - 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.
***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.
***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
Year over year numbers should be much higher since revenue for the treatment center didn't hit the books until Q3 2021. Who will own the treatment center by the end of Q2? They borrow very every quarter to cover cash flow deficiencies using high cost loans. Much of their debt is now in default earning default interest and fees. The June 2022 Leonite note should now be worth more than $1 million with 24% default interest and fees. The examples below are just for Leonite 2022. Massive dilution on the way with the regulation "A" offering that will need a split to make it viable. Why do they hide the "Security and Pledge Agreement"?
For the fiscal year ended: December 31, 2022
https://www.otcmarkets.com/filing/html?id=16535244&guid=QXm-kWGmkEC6Jth
12. Short-term Notes
Leonite Capital, LLC
Secured Promissory Notes
On March 1, 2022, the Company entered into a secured Promissory Note in the aggregate principal amount of $124,000 for net proceeds of $100,000 after an original issue discount of $24,000. Due to the failure to repay the note by due date, a penalty of $37,200 was added to the principal outstanding and the Company incurs a monthly monitoring fee of $2,000 per month. In addition the note earns interest at a default rate of 24% per annum on the total balance outstanding, including the monthly monitoring fee and accrued interest.
The Note had a maturity date of April 1, 2022. This note has not been repaid at the date of this report, we are in negotiations with Leonite to settle the balance outstanding and no default has been declared.
The balance outstanding on the note, including default penalty, interest accrued and monthly monitoring fees is $212,579 as of December 31, 2022.
On May 3, 2022, the Company, entered into a secured Promissory Note in the aggregate principal amount of $76,250 for net proceeds of $61,000 after an original issue discount of $15,250. Due to the failure to repay the note by due date, a penalty of $22,875 was added to the principal outstanding and the Company incurs a monthly monitoring fee of $2,000 per month. In addition the note earns interest at a default rate of 24% per annum on the total balance outstanding, including the monthly monitoring fee and accrued interest.
The Note had a maturity date of June 17, 2022. This note has not been repaid at the date of this report, we are in negotiations with Leonite to settle the balance outstanding and no default has been declared.
The balance outstanding on the note, including default penalty, interest accrued and monthly monitoring fees is $127,702 as of December 31, 2022.
For the quarterly period ended June 30, 2022
https://www.otcmarkets.com/filing/html?id=16018411&guid=5zm-kqGiKufgcVh
Leonite Fund I, LP
Effective June 1, 2022, The Company entered into a Note Exchange Agreement whereby
..., were exchanged for a new Senior Secured Convertible Promissory note in the principal amount of $745,375,...
...The Note matures on March 1, 2023, and bears interest at the minimum of 10% per annum or the Wall Street Journal quoted prime rate plus 5.75%.
The convertible note is secured by all of the assets of Ethema Health Corporation and Addiction Recovery Institute of America, LLC.
June Leonite Note 8K
https://www.otcmarkets.com/filing/html?id=15961451&guid=5zm-kqGiKufgcVh
...The obligations of the Borrower under this Note are secured pursuant to the terms of the security and pledge agreement (The "Security and Pledge Agreement" and collectively the Purchase Agreement, the "Related Documents"...
Ethema Extends Dates for Debt Repayment and Real Estate Closing
March 01, 2023 08:00 ET | Source: Ethema Health Corporation
https://www.globenewswire.com/en/news-release/2023/03/01/2618141/0/en/Ethema-Extends-Dates-for-Debt-Repayment-and-Real-Estate-Closing.html
Ethema Health Corporation (OTCPINK: GRST) (“Ethema”, “GRST” or the “Company”), has signed an [color=red][/color] 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.
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 ***
***From Accredited Financial Analyst!.....
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.
https://markets.ft.com/data/equities/tearsheet/profile?s=GRST:PKC
================================================================
***Trading at 98% below our estimate of its fair value
***Became profitable this year
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
=================================================================
***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 only property that the company can claim to own is in Canada held by the Cranberry Cove subsidiary. There is a $3.5 million mortgage that was due July 2022 that has not been renegotiated as of the annual filing and Leonite holds $700K in debt against it. Between the mortgage and the Leonite debt their is little if any equity left. We know this because of the purchase option valuation for the current tenant,
For the fiscal year ended: December 31, 2022
https://www.otcmarkets.com/filing/html?id=16535244&guid=Giu-kn85PXpFJth
22. Commitments and contingencies (continued)
b. Mortgage loans
The company has a mortgage loan as disclosed in note 13 above. The mortgage loan matured on July 19, 2022 and the Company currently owes $3,504,605. The terms of the loan are currently being negotiated.
For the fiscal year ended: December 31, 2021
https://sec.report/Document/0001903596-22-000192/
Muskoka Treatment Facility
The Muskoka Treatment Facility is located in Bala, Ontario, 3571 Highway 169. The property is 43 acres and contains approximately 48,000 square feet of buildings. The property is wholly owned by CCH and has been leased to CART for an initial term of five years, which ended on February 28, 2022. The tenant exercised its option to extend the lease term for an additional five years. The lease gives the tenant an option to extend for two additional five (5) year terms, an option to purchase the property at any time for a purchase price of CDN$7,000,000 in the first thirty six (36) months...
December 2020 debt restructuring 8K
https://www.otcmarkets.com/filing/html?id=14554778&guid=Giu-kn85PXpFJth
Leonite Capital LLC
2. $700,000 of the note was converted into Series A Redeemable Preferred shares in the Company’s subsidiary, Cranberry Cove Holdings, accruing dividends at 10% per annum.
Sent Shawn text..on real estate questions. Hoping delay is due to that, closing deal will bring in money to pay off some big debt.as for co itself, its profitable, however we still need to get rid of much more debt imo
Lets start with your post for starters. The extension is for the Q1 2023 not the 2021 annual 10K. Yes the company is very, very sloppy in nearly all matters of business including their filings.
The Company is unable to file, without unreasonable effort and expense, its Annual Report on Form 10-K for the year ended December 31, 2021 because the Company is still compiling and reviewing information to complete the annual review of the financial statements for that period and the Company is unable to give an estimate at this time. The Company anticipates that the Annual Report on Form 10-K will be filed on or before the deadline.
GRST - Call Mr. Shawn Leon.....
Any update on real estate sale , transactions ,either buying or getting money from a sale of one of their properties?
GRST - Where is the Problem???......
The Company is unable to file, without unreasonable effort and expense, its Annual Report on Form 10-K for the year ended December 31, 2021 because the Company is still compiling and reviewing information to complete the annual review of the financial statements for that period and the Company is unable to give an estimate at this time. The Company anticipates that the Annual Report on Form 10-K will be filed on or before the deadline.
No real surprise to see that they filed a late notice.
Form NT10-Q
https://www.otcmarkets.com/filing/html?id=16652528&guid=Giu-kn85PXpFJth
GRST - THIS EXPLICIT FACTS Gives a Positive Outlook.....
***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.
***Pass
Have shareholders been diluted over the past year?
***Shareholders have not been "Meaningfully" diluted in the past year or recently listed
***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
Yep, from what I see, stand by for massive dilution soon if they are to continue as a going concern. That quote is from last November so the emphasis may be on "continue as a going concern".
Need more buyers then sellers….. that usually helps
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!
Well the Q1 should be out tomorrow or extended. We know from the 10K that they haven't been paying on the Leonite notes and the Leonite June note is past due on its forbearance date now. This company moves at what I have always called a "glacial" speed to do absolutely anything. The regulation "A" offering is 7 months old and the latest amendment has a new date. The 9 month June Leonite note is nearly a year old now and the two very expensive and very short term smaller Leonite notes have been earning default interest and fees for a year. Leonite hasn't loaned any new money for nearly a year now. That just outlines the recent Leonite notes not mentioning all the toxic notes. I hope they aren't able to move many regulation "A" shares and that Leonite chokes on the bad debt.
GRST - <<Again from the filing>>......From One Filing to the Next the Company Continue to Work!.....-Obsessing about the Filing do not makes to see the Future Events Happening........
***IMO Filing Cover a Period of time which is the Past..... They Do Not Show the Changes "Progress" being made in the Future........Therefore we have to Rely on the "Subsequent" Press Release....
***NEVER DISREGARD THE IMPONDERABLE***.......
***This Company Hurricane Hydrocarbon was in Bankruptcy......( As the Filing did show)....
*** From 27 Cents Went to $55 a share,....... A long way from the 27 cents that Hurricane traded at when it was in Bankruptcy.
***FWIW Here the Story***.....
***From Bankruptcy to Oil Riches
NEW YORK — Six years ago, when Bernard Isautier took the helm of Hurricane Hydrocarbons, things looked bleak.
The company, based in Calgary, Alberta, was under bankruptcy protection. It controlled vast, recently privatized oil reserves in the Central Asian republic of Kazakhstan but had been drained by a dispute with a local refinery, a currency collapse and prices depressed by a flood of Russian oil into the country, a former Soviet republic.
Arriving at an opportune moment, Isautier bought the refinery involved in the dispute, paying in stock. Unfavorable deals with the Kazakh government were resolved. He recapitalized the company with money from European investors. And the price of oil went up.
Hurricane Hydrocarbons emerged from bankruptcy in 2000, and in 2003 Isautier changed its name to PetroKazakhstan.
On Monday, he announced a plan to sell the company to China National Petroleum Corp., or CNPC, for $4.18 billion, or $55 a share, a long way from the 27 cents that Hurricane traded at when it was in bankruptcy.
Isautier, 62, who owns 3.1 percent of PetroKazakhstan, has had a career that does not fit the mold of an oil company chief in Alberta. Though the company is officially based in Calgary, Isautier runs it from London and has moved its top executives there. With all its assets in Kazakhstan, the oil producer now has few ties to its official base.
Isautier, who was born in France, studied physics, mathematics and engineering at two universities that produce many of that country's top public servants and executives.
After eight years with the French Ministry of Industry, Isautier moved to Elf Aquitaine, an oil and natural gas producer owned at the time by the French government. In the mid-1970s, he was sent overseas to run Elf's Canadian subsidiary.
Isautier, who declined on Monday to be interviewed about his professional history, quickly took to the Canadian energy industry, which was rapidly expanding.
From 1981 to 1988, he worked for Polysar Energy & Chemicals, rising to chief executive of its Canterra Energy unit.
From 1990 to 1992, he was president and chief executive of Thomson Consumer Electronics in Paris.
Isautier first encountered Kazakhstan after he became president and chief executive of Canadian Occidental Petroleum, now known as Nexen, 12 years ago. That company had considered becoming a partner on a Kazakh project. After rejecting the idea as too risky, it operated a field there for Hurricane Hydrocarbons.
Isautier joined Hurricane in 1999 as chief executive. While its operations were widely viewed by Canadian investors as something of a black hole, PetroKazakhstan's treasurer, Jeffrey Auld, said Isautier had seen the company's potential.
"It was a spectacular set of oil fields that was the attraction for him," Auld said Monday from London.
Isautier thought that political changes in Kazakhstan would bring order to the business climate there, Auld said.
But the company is still embroiled in disputes with the Kazakh government. To help ease those problems, PetroKazakhstan hired a former Canadian prime minister, Jean Chrétien, as a special adviser last year, with limited effect.
What Isautier's next move will be is unclear.Under the purchase agreement, the Chinese company agreed to consider paying cash and stock in a new, as yet unnamed oil and natural gas exploration company that Isautier would run in Central Asia, just not in Kazakhstan.
Rival is 'looking at options'
Oil & Natural Gas, the Indian company that was outbid for PetroKazakhstan, is "looking at options," Bloomberg News quoted its chairman, Subir Raha, as saying Tuesday. PetroKazakhstan would have to pay a $125 million breakup fee if it canceled its deal with CNPC.
***By Ian Austen
Published: Wednesday, August 24, 2005
OK, honest question, what will help to share price to recover here, please don't blame it on naked shorts?
Much of the risk associated with the OTC can be mitigated by simply reading the filings and paying attention. You don't have to root out how much dilution is coming for this ticker because the company has been advertising it for months. Buy into a regulation "A" offering but don't complain when the stock gets pounded.
The company has announced acquisitions and property purchases for years that turned into nothing more than a promo point for the press releases. Look at the ambitious, not to mention fictional, uses for the regulation "A" offering. They will be lucky to raise enough to retire some debt with this narrative and in this lousy market.
GRST - what will you do If you where treated like he is???.......
Respect Goes Both Ways!....
He's on a permanent vacation from shareholders that's for sure.
another casualty. is shawn on vacation?
GRST - TIME WILL TELL THE STORY!.....
GRST - The Flourishing Magnanimity here is Overwhelming!......I guess that by complaining.....makes them feel superior???....
Why do you think a blind man can't be a good CEO?
I think that is discrimination...
The only time leon has added any value to the PPS is when he orchestrated the covid clear pump and dump. It's been all downhill since. Toxic debt, dilution, and a dishonest, Incompetent ceo are just a few of the issues here. Even Ray Charles could this whats going on here.
GRST - In No Way I am comparing "Apple with Orange".......I am saying that Playing the Stock Market there is an Inherent Risk!......
***By the way ......I LIKE OTC STOCK !....
***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.
Yeah, I wouldn't compare this to a Nasdaq stock, big stretch there.
GRST - WE ARE NOW IN 2023!!!........
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.
https://markets.ft.com/data/equities/tearsheet/profile?s=GRST:PKC
================================================================
***Trading at 98% below our estimate of its fair value
***Became profitable this year
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
=================================================================
***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 best thing about this moment in this company's history is that the toxic lender Leonite may finally get stiffed on some of their loans. I would like to know what the June note "extension and forbearance agreement" cost the company to kick it to May 8th, Last Monday. Ethema Health (GRST) hasn't been paying on their Leonite debt for nearly a year now and unless retail shows up en masse to bail it out they will choke on some of it. That June note must now be worth more than $1 million with 24% default interest and fees calculated back to day one of the note. The only way this company continues is for retail to step in a buy that worthless debt. End of story.
For the fiscal year ended: December 31, 2022
https://www.otcmarkets.com/filing/html?id=16535244&guid=QXm-kWGmkEC6Jth
12. Short-term Notes
Leonite Capital, LLC
Secured Promissory Notes
On March 1, 2022, the Company entered into a secured Promissory Note in the aggregate principal amount of $124,000 for net proceeds of $100,000 after an original issue discount of $24,000. Due to the failure to repay the note by due date, a penalty of $37,200 was added to the principal outstanding and the Company incurs a monthly monitoring fee of $2,000 per month. In addition the note earns interest at a default rate of 24% per annum on the total balance outstanding, including the monthly monitoring fee and accrued interest.
The Note had a maturity date of April 1, 2022. This note has not been repaid at the date of this report, we are in negotiations with Leonite to settle the balance outstanding and no default has been declared.
The balance outstanding on the note, including default penalty, interest accrued and monthly monitoring fees is $212,579 as of December 31, 2022.
On May 3, 2022, the Company, entered into a secured Promissory Note in the aggregate principal amount of $76,250 for net proceeds of $61,000 after an original issue discount of $15,250. Due to the failure to repay the note by due date, a penalty of $22,875 was added to the principal outstanding and the Company incurs a monthly monitoring fee of $2,000 per month. In addition the note earns interest at a default rate of 24% per annum on the total balance outstanding, including the monthly monitoring fee and accrued interest.
The Note had a maturity date of June 17, 2022. This note has not been repaid at the date of this report, we are in negotiations with Leonite to settle the balance outstanding and no default has been declared.
The balance outstanding on the note, including default penalty, interest accrued and monthly monitoring fees is $127,702 as of December 31, 2022.
For the quarterly period ended June 30, 2022
https://www.otcmarkets.com/filing/html?id=16018411&guid=5zm-kqGiKufgcVh
Leonite Fund I, LP
Effective June 1, 2022, The Company entered into a Note Exchange Agreement whereby
..., were exchanged for a new Senior Secured Convertible Promissory note in the principal amount of $745,375,...
...The Note matures on March 1, 2023, and bears interest at the minimum of 10% per annum or the Wall Street Journal quoted prime rate plus 5.75%.
The convertible note is secured by all of the assets of Ethema Health Corporation and Addiction Recovery Institute of America, LLC.
June Leonite Note 8K
https://www.otcmarkets.com/filing/html?id=15961451&guid=5zm-kqGiKufgcVh
...The obligations of the Borrower under this Note are secured pursuant to the terms of the security and pledge agreement (The "Security and Pledge Agreement" and collectively the Purchase Agreement, the "Related Documents"...
Ethema Extends Dates for Debt Repayment and Real Estate Closing
March 01, 2023 08:00 ET | Source: Ethema Health Corporation
https://www.globenewswire.com/en/news-release/2023/03/01/2618141/0/en/Ethema-Extends-Dates-for-Debt-Repayment-and-Real-Estate-Closing.html
Ethema Health Corporation (OTCPINK: GRST) (“Ethema”, “GRST” or the “Company”), has signed an [color=red][/color] 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.
GRST - Than Posting here it is Superfluous
Swap? You have me mistaken for a bag holder. I wouldn't hold this garbage for 2 days. This is not an investment.
GRST - STOCK MARKET = RISK
When there is a Market Correction......The Best Stocks on NYSE and NASDAQ could WIPE OUT the Person Invested!.......
This to say that the Market is not like a Safe Deposit in the Bank!....
Yep agreed, It wasn't a responsible move to invest here with GRST.
I see, the price of tea in China is up?
I guess I don't believe these OTC tickers should be able to consistently, for years, make statements in their press releases that promotes a false narrative. False statements about acquisitions, stated plans for debt retirement from cash flows while they continue to borrow, growth numbers based on false bed counts, on and on. The fact that they do not make important documents like the "Security and Pledge Agreement" available to share holders.
This company isn't about the business it is about the stock. New potential traders of this stock apparently have gotten the message about the impending massive dilution for debt conversions and the defaulted debt which is why no one wants to touch this right now.
Regulation "A" Offering
https://www.otcmarkets.com/filing/html?id=16623154&guid=kOu-kKnUE8dfJth
....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...
For the quarterly period ended June 30, 2022
https://www.otcmarkets.com/filing/html?id=16018411&guid=5zm-kqGiKufgcVh
Leonite Fund I, LP
Effective June 1, 2022, The Company entered into a Note Exchange Agreement whereby
..., were exchanged for a new Senior Secured Convertible Promissory note in the principal amount of $745,375,...
...The Note matures on March 1, 2023, and bears interest at the minimum of 10% per annum or the Wall Street Journal quoted prime rate plus 5.75%.
The convertible note is secured by all of the assets of Ethema Health Corporation and Addiction Recovery Institute of America, LLC.
June Leonite Note 8K
https://www.otcmarkets.com/filing/html?id=15961451&guid=5zm-kqGiKufgcVh
...The obligations of the Borrower under this Note are secured pursuant to the terms of the security and pledge agreement (The "Security and Pledge Agreement" and collectively the Purchase Agreement, the "Related Documents"...
GRST - Have the Courage of your Action and Please do it Yourself!!!.....
Please tell that to the little rich boy.
GRST - WE have the choice to Change the situation!......Plenty of others OTC to make an Intelligent SWAP if not Happy!.....
https://investorshub.advfn.com/boards/breakoutboards.aspx
Leon is the most incompetent CEO in the OTC. This ticker will not recover and will continue to trade down in the depths of the otc cesspool. The man is shameless with no regard for SH. Can't even flip this garbage now with zero interest and continued dilution. Go Shawn go!
GRST - As a Responsible Person......Playing the OTC in Particular.....We Assume the Increase Risk!!!...- The Company is not putting the Gun to any one Head to stay invested!.....
INQD - 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.
Maybe, but nobody wants to get onboard the Titanic here, the story will end the same.
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