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This ticker reeks of a possible upcoming RS. Sooner or later leon will have no other options as with all incompetent ceo's. Watch and learn.
I agree with you on that...hes great ceo, he has what it takes to bring company to profits...I respect him because I will never be smart enough to be a ceo.
The company is at an inflection point which means that they will be promoting soon. Don't get excited because this company has a history dumping new shares while promoting these deals.
Note the comment 'restructuring of outstanding securities' in the last press release. Note also the comment in the last filing regarding the reclassification of the Series B preferred shares. Leonite is the only senior secured note holder in these conversations and the only holder of preferred securities of Ethema Health (GRST) from what I have read in the filings. The Series "A" preferred shares are held by the CEO's spouse.
We are looking at $400K in Series B preferred shares and $700K in Series A Redeemable Preferred shares in the Company’s subsidiary, Cranberry Cove Holdings. The Cranberry Cove Holdings entity holds the Canadian property. We know that the property isn't worth much more than the mortgage held against it and Leonit's claim from the price in the current tenant's purchase option in the lease agreement.
The point is that the $1.1 million in these securities represents defaulted debt that was parked in the 2020 debt restructuring deals. It looks like they have very big plans for that reg A offering. Much of this immediate debt will very likely end up being paid by retail trading losses. It will take some bold marketing by the company and aggressive manipulation by Leonite to get those shares sold in my opinion. Watch your wallets!
Ethema Reports Updates and Extends Forbearance
June 08, 2023
https://www.globenewswire.com/en/news-release/2023/06/08/2685133/0/en/Ethema-Reports-Updates-and-Extends-Forbearance.html
....is pleased to update shareholders on several initiatives that the Company has been working on most recently. 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. These parties are also negotiating a global restructuring of outstanding securities that is expected to be announced shortly.
Ethema Completes Restructure and Gets Ready to Open New Treatment Facility
August 20, 2020 12:12 ET
https://www.globenewswire.com/en/news-release/2020/08/20/2081546/0/en/Ethema-Completes-Restructure-and-Gets-Ready-to-Open-New-Treatment-Facility.html
The Company has amended the terms of its debt with Leonite to convert over $1.4 million of defaulted debt into CDN$960,000 (approximately US$700,000) of 10% convertible preferred shares in its wholly owned subsidiary Cranberry Cove Holdings Ltd., and $400,000 in 6% convertible preferred shares in the Company.
For the quarterly period ended March 31, 2023
https://www.otcmarkets.com/filing/html?id=16673787&guid=DiT-knnQ9Hqkdth
14. Stockholder’s deficit
c) Series B Preferred shares
Authorized and outstanding
The Company has authorized 400,000 Series B preferred shares with a par value of $1.00 per share. The company has issued and outstanding 400,000 Series B Preferred shares at March 31, 2023 and December 31, 2022
The Series B preferred shares are senior secured and were mandatorily redeemable by the Company on July 1, 2021, and were originally classified as mezzanine debt. These Series B preferred shares have been reclassified as current liabilities for the three months ended March 31, 2023 as they meet the definition of liabilities in terms of ASC 480- debt and are no longer contingently convertible, due to the fact that the redemption date has passed and the Company is currently negotiating with the preferred note holders to settle the total liabilities owing to them, including certain convertible notes. The Company continues to accrue dividends at the rate of 6% per annum.
Leonite Capital LLC
On July 12, 2020, the company entered into a debt extinguishment agreement with Leonite whereby the following occurred:
...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.
3. $400,000 of the note was converted into series B Preferred stock in the Company for a twelve-month period, mandatorily redeemable by the Company accruing dividends at 6% per annum payable in cash or stock, subject to certain conditions...
GRST - I believe that Mr. Shawn Leon will Succeed in his Efforts to Become Profitable!.....
Thu, 8 June 2023 at 1:50 pm GMT-4
Ethema Health Corporation
WEST PALM BEACH, FL, June 08, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Ethema Health Corporation (OTCPINK: GRST) (“Ethema”, “GRST” or the “Company”) is pleased to update shareholders on several initiatives that the Company has been working on most recently. 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. These parties are also negotiating a global restructuring of outstanding securities that is expected to be announced shortly. The plan would greatly reduce the complexity of the Company’s balance sheet, as well as reduce substantial liabilities.
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. 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.
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.
Mr. Shawn Leon, Company CEO, reported, “Our focus on growth and repayment of debt should yield some very substantial results in the second quarter.” Mr. 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.) The case named the prior treatment center ‘Evernia Sation’ that previously occupied the location at 950 Evernia Street and Evernia Health Center, LLC (DBA ARIA). Once the Plaintiff was notified that Evernia Health Center, LLC (DBA ARIA) was incorrectly named in the suit, Evernia Health Center was dropped from the suit on 4/18/2023 with prejudice, (Document 160 in the public case file above). 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.”
Ethema is proud of our core mission which centers on delivering compassionate, evidence-based addiction treatment. We operate under stringent ethical standards and maintain a robust admission process driven by patients' individual needs and clinical necessities. We remain steadfast in our commitment to serve those battling addiction.
About Ethema Health Corporation
Ethema Health Corporation (OTCPINK: GRST) operates in the behavioral healthcare space specifically in the treatment of substance use disorders. Ethema developed a unique style of treatment over the last decade and has had much success with in-patient treatment for adults. Ethema will continue to develop world class programs and techniques for North America. For more information you can visit our website at www.ethemahealth.com .
Notice Regarding Forward-Looking Statements
The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
For information please contact:
Ethema Health Corporation
shawn@ethemahealth.com
Text to 416-500-0020
Twitter @healthethema
Plus I think this a squeeze play this use to be a high flyer. Time will tell!
It's understandable why there is no interest here with such an incompetent CEO.
GRST - When Accredited Financial Analyst Conclusion about the Company is:
***GRST is good value based on its Price-To-Earnings Ratio (1x) compared to the peer average (1.8x),
*** The Company Dilution....*** Have Not been Meaningfully diluted in the Past Year or Recently listed,
***That there is No Concerning Event Detected,
*** That the Company For the Nine Months, Sales was USD 3.59 million compared to USD 1.05 million a year ago.
***Net income was USD 0.115058 million compared to net loss of USD 3.44 million a year ago. *
***SimplyWallStreet
https://simplywall.st/stocks/us/healthcare/otc-grst/ethema-health
***Financial Times***
***https://markets.ft.com/data/equities/tearsheet/profile?s=GRST:PKC
***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.
***The Credibility Choice is not a Difficult one to make!......
==================================================================
***From declaes Post :#45911
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
===================================================================
***The Company is pursuing other options for the real estate ownership that would not only get the Company its deposit money out but allow it to get additional funds from the real estate which could be used to Eliminate Debt.
***Drug Rehab West Palm Beach, FL | ARIAhttps://www.ariafl.com
***The Company growth is real and the elimination of variable rate debt is real.
***Please see Post #42737 & 42751 - Interesting Reply from The CEO!
.https://nz.finance.yahoo.com ›
GRST - https://fb.watch/bN-wNMFvWg/
https://t.co/5GwitXravc $GRST
Otc stocks are beginning to come back!
June 30
GRST
HMMM!!!
KABOOOM!!
From the recent news.
“ …it is expected that they will be resolved by June 30, 2023.
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
The problem is that I quote the press releases and filings over time and the story trips all over itself. Most OTC companies are messy affairs but they normally try to carefully manage their debt, narrative, and share structures. This company just simply borrows every quarter and they have run out of reasonable options for do that. They aren't paying on their debt that festers at 24% interest, penalties and fees. This stock is essentially dead to the company at this point in terms of raising capital.
They received $161K from two Leonite notes early 2022 which has grown to $410K. They exchanged $596K in Labrys debt for the $745K Leonite note which should be worth North of $1 million now. The receivables funding that got them through the balance of 2022 and Q1 2023 is a bit over $566K as of March 31st. You are looking at a couple of a million dollars just in that activity.
Looking at their cash position. At the end of Q3 2022 they had $561K. By the end of Q1 2023 they had only $27.5K despite the 2023 receivables funding. When I see, with regard to the receivables funding, that the 'guarantor of the funding is a minority shareholder in ATHI' it tells me how weak credit status is. I'm thinking that when the minority holder is Lawrence Hawkins and his 25% you may have a credit problem.
Current shareholders represent old money that has been spent long ago. What they need is new money and they have neither been able to get to the point, after eight months, where the regulation "A" is viable, nor an agreement with Leonite on the immediate debt problem. But they must soon or just throw in the towel in my opinion.
For the quarterly period ended March 31, 2023
https://www.otcmarkets.com/filing/html?id=16673787&guid=DCu-kaTrf7_TB3h
11. Receivables funding
September 26, 2022 Funding
On September 26, 2022, the Company, through its 75% held subsidiary, Evernia Health Center, LLC, entered into a Receivables Sale Agreement with Itria Ventures LLC (“Itria”), whereby $310,000 of the Receivables of Evernia were sold to Itria, for gross proceeds of $250,000. The Company also incurred fees of $5,500, resulting in net proceeds of $244,500. The Company is obliged to pay 7.41% of the receivables until the amount of $310,000 is paid in full, with periodic repayments of $6,458 per week. The guarantor of the funding is a minority shareholder in ATHI.
The Company made weekly cash payments of $6,458 totaling $167,917 on the September 26, 2022 funding. The balance outstanding at March 31, 2023 was $147,083, less unamortized discount of $30,949.
December 13, 2022 Funding
On December 13, 2022, the Company, through its 75% held subsidiary, Evernia Health Center, LLC entered into a Receivables Sale Agreement with Itria Ventures LLC (“Itria”), whereby $305,000 of the Receivables of Evernia were sold to Itria, for gross proceeds of $250,000. The Company also incurred fees of $2,500, resulting in net proceeds of $247,500. The Company is obliged to pay 6.08% of the receivables until the amount of $305,000 is paid in full, with periodic repayments of $6,354 per week. The guarantor of the funding is a minority shareholder in ATHI.
The Company made weekly cash payments of $6,354 totaling $88,958 on the December 13, 2022 funding. The balance outstanding at March 31, 2023 was $211,042, less unamortized discount of $40,228.
January 19, 2023 Funding
On January 19, 2023, the Company received funding from an agreement entered into on December 14, 2022 through its 75% held subsidiary, Evernia Health Center, LLC entered into a Receivables Sale Agreement with Bizfund.com (“Bizfund)”), whereby $132,000 of the Receivables of Evernia were sold to Bizfund, for gross proceeds of $100,000. The Company is obliged to pay 15.0% of the receivables until the amount of $132,000 is paid in full, with periodic repayments of $2,750 per week. The guarantor of the funding is a minority shareholder in ATHI.
The Company made weekly cash payments of $2,750 totaling $24,750 on the January 19, 2023 funding. The balance outstanding at March 31, 2023 was $107,250, less unamortized discount of $26,536.
February 14, 2023 Funding
On February 14, 2023, the Company, through its 75% held subsidiary, Evernia Health Center, LLC entered into a Receivables Sale Agreement with Fox Business Funding (“Fox”), whereby $118,800 of the Receivables of Evernia were sold to Fox, for gross proceeds of $90,000. The Company is obliged to pay 8.0% of the receivables until the amount of $118,800 is paid in full, with periodic repayments of $2,970 per week. The guarantor of the funding is a minority shareholder in ATHI.
The Company made weekly cash payments of $2,970 totaling $17,820 on the February 14, 2023 funding. The balance outstanding at March 31, 2023 was $100,980, less unamortized discount of $25,183.
For the quarterly period ended September 30, 2022
https://www.otcmarkets.com/filing/html?id=16200583&guid=2UT-kn10eYd-B3h
Q3 2022 cash Balance $561,083
For the fiscal year ended: December 31, 2022
https://www.otcmarkets.com/filing/html?id=16535244&guid=tnu-kFMehiFUdth
Cash Balance end of 2022 $140,757
For the quarterly period ended March 31, 2023
https://www.otcmarkets.com/filing/html?id=16673787&guid=tnu-kFMehiFUdth
Cash Balance end of Q1 2023 $27,580
GRST - When someone Post what He Think it is Real (in his Mind)..... Means that the person Only Understand Upon is Capacity of Understanding..... Not necessarily what Mr. Shawn Leon is saying??????....***Please read the Post #42737 & 42751 Interesting Reply from The CEO***
*** 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 97.6% 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.
***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***
GRST - https://fb.watch/bN-wNMFvWg/
https://t.co/5GwitXravc $GRST
but it is said that GRST is not involved
Hey SEC >>> get ALL NAKED SHORT SELLERS <<<
There are MANY stocks affected by NAKED SHORT SELLERs.
Check $GRST too for NAKED SHORTs.
SEC Charges Investment Adviser and Principal in Abusive Naked Short Selling Scheme
https://www.sec.gov/news/press-release/2023-107
Washington D.C., June 12, 2023 —
The Securities and Exchange Commission today charged investment adviser Sabby Management LLC and its managing partner, Hal D. Mintz, with fraud in connection with a long running scheme involving misrepresentations and violations of rules for short selling and order making, as well as other violative trading, that generated more than $2 million in illegal profits.
The SEC’s complaint alleges that, from at least March 2017 through May 2019, Sabby and Mintz repeatedly circumvented trading rules to conduct unlawful trades in the stock of at least 10 public companies. Short selling is a legal practice where, generally, a trader borrows a security from a securityholder and sells the security at one price, speculating that the trader can buy the security at a lower price in the future before it must be returned to its owner. As alleged in the complaint, for example, Sabby and Mintz engaged in illegal “naked short selling” by intentionally and improperly placing short sales when they knew or were reckless in not knowing that they had not borrowed or located the shares, and then failed to make timely delivery of the shares. According to the SEC’s complaint, the purpose of Sabby and Mintz’s fraudulent scheme was to earn profits they could not have gained through legal trading.
Additionally, as the complaint alleges, on occasion Sabby and Mintz used their naked short selling to artificially deflate the price of securities, allowing them to obtain more shares at a cheaper price.
The SEC’s complaint further alleges that Sabby and Mintz tried to conceal their fraudulent trading, including by using securities acquired after the trades to make it appear to brokers executing the trades that they had complied with the requirement to have borrowed or located the shares prior to their trades. As the complaint alleges, when questioned by at least one broker regarding their trading, Sabby and Mintz repeatedly lied about the trading.
“The SEC alleges that Sabby and Mintz attempted to game the system and make an illegal profit,” said Carolyn Welshhans, Associate Director of the SEC’s Division of Enforcement. “When someone uses naked shorts or other manipulative practices to cheat the market and investors, the SEC will ensure that they are held accountable.”
The SEC’s complaint, filed in the U.S. District Court for the District of New Jersey, charges Sabby and Mintz with violations of Section 10(b) of the Securities Exchange Act of 1934 and Rules 10b-5 and 10b-21 thereunder. The complaint also charges Sabby with violations of Sections 204 and 206(4) of the Investment Advisers Act of 1940 and Rules 204-2 and 206(4)-7 thereunder and charges Mintz with aiding and abetting those violations. The complaint seeks permanent injunctive relief, disgorgement of ill-gotten gains plus prejudgment interest, and civil penalties.
The SEC’s investigation was conducted by Edward Reilly and Christopher Mathews, with assistance from Patrick McCluskey and Brian Shute, under the supervision of Amy Friedman and Ms. Welshhans. The litigation will be led by Daniel Maher and Mr. Reilly and supervised by David Nasse.
$GRST
I like my 2,000,000 shares at .0005
'Many may be so underwater that they may as well just wait to see what happens.'
Finally a good post ... These shareholders have the smarts to admit that the final story isn't yet out.
Other facts,
- The company does exist and generates revenues
- The company generates gross profit
- The company is not yet profitable on the net basis
- For whatever reasons, lenders do show patience and keep extending deadlines
- The company duly reports complete financials quaterly (your source of info)
- Mr Leon is not abusing the use of NR's or PR's (trying to suck in new shareholders)
- The nmber of O/S shares has been almost fixed for months now
- Shareholders owning on average 65,000,000 shares do not care about losing their money
- ...
On the otherhand, a poster on an anonimous message board interpret all official informations coming from the company as lies (to say the least)
I only own something like 10,000,000 (???) worth USD $5,000 (CDN $ $7,000). Underwater or not, if i believed you, I would not pi... away $ 7,000 just for fun. The above FACTS do justify waiting even understanding that Mr Leon may not be successful in his efforts.
Whatever the case the said 157 shareholders must not all be stupid people believing Mr Leon! They also are smart enough not to fall for obviously frustrated anonymous posters interpreting, in line with their specific objectives, whatever information is issued by those in the know (company and auditors).
Can't win ... If he says something (officially) it's useless. If he doesn't (For whatever reason) he is hiding. Everyone should know that to KNOW FACTS AND UNBIASSED truth, they must rely on anonymous messages dumped on Internet message boards.
GRST IS
Making MILLIONS
Growing revenue
Restructuring debt
Did i mention
Millions in revenue
And expected to continue!
Wow.
Wow
WOW!
Any evidence to support this claim?
And we KNOW
$GRST has MILLIONS in REVENUE and BILLIONS in NAKED SHORT TOO.
I admit that I have wondered about who is holding and the lack of volatility. According to the 10K annual filing there were only 157 holders of the common stock as of March 30th 2023. This means that many are in heavy. It would be very difficult to move those kind of shares in a meaningful way in this market. I suspect that most bought based on the press release rhetoric for the past few years and likely are quite happy with the current set of press releases. Many may be so underwater that they may as well just wait to see what happens.
For the fiscal year ended: December 31, 2022
https://www.otcmarkets.com/filing/html?id=16535244&guid=PVT-kaYXGU62B3h
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities .
The last reported sale price of our common stock on the OTC Pink on March 30, 2023 was $0.0004 per share. As of March 30, 2023, there were approximately 157 holders of record of our common stock.
I see that I need to post this again. Who is guilty of misinformation? 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.
What the CEO spent half the press release claiming was misinformation, in his own words, was already posted here by me so it was nothing new. He only said two things, that the Evernia Treatment Center entity (name) was dropped from the lawsuit and that the the treatment center was not accused of "patient brokering". He said nothing in that press release that I didn't already post here on May 31st (post #47058). The fact that he spent so much time addressing something on a board means that it has substance and hit a nerve in my opinion. If he wanted to settle the matter he would have addressed the real matter with all that effort in print rather than engaging in misinformation himself.
It is always about what he doesn't say, isn't it. Did he mention Transformations Treatment Center and Peace of Mind Counseling Services which was the second defendant in the mediated settlement? Did he claim taht the company had no exposure to the settlement? Did he mention the fact that his name appears as the CEO on the 2023 annual filing for Peace of Mind Counseling Services? I have provided the paper trail with links that show the connection back to the holding company for the Evernia treatment center holding company American Treatment Holding Inc (ATHI) with the CEO of Ethema Health, Shawn Leon's name on them. The link to my post with all the information (#47108) is below.
Post #47108 which contains the relevant documents and links
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172092410
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
I see that I need to post this again. Who is guilty of misinformation? 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.
What the CEO spent half the press release claiming was misinformation, in his own words, was already posted here by me so it was nothing new. He only said two things, that the Evernia Treatment Center entity (name) was dropped from the lawsuit and that the the treatment center was not accused of "patient brokering". He said nothing in that press release that I didn't already post here on May 31st (post #47058). The fact that he spent so much time addressing something on a board means that it has substance and hit a nerve in my opinion. If he wanted to settle the matter he would have addressed the real matter with all that effort in print rather than engaging in misinformation himself.
It is always about what he doesn't say, isn't it. Did he mention Transformations Treatment Center and Peace of Mind Counseling Services which was the second defendant in the mediated settlement? Did he claim taht the company had no exposure to the settlement? Did he mention the fact that his name appears as the CEO on the 2023 annual filing for Peace of Mind Counseling Services? I have provided the paper trail with links that show the connection back to the holding company for the Evernia treatment center holding company American Treatment Holding Inc (ATHI) with the CEO of Ethema Health, Shawn Leon's name on them. The link to my post with all the information (#47108) is below.
Post ##47108 which contains the relevant documents and links
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172092410
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
June 12, 2023-SEC Charges Naked Short Selling Scheme
And we KNOW
$GRST has MILLIONS in REVENUE and BILLIONS in NAKED SHORT TOO.
These NAKED SHORT CRIMINALS will have to PAY BIG to cover their NAKED SHORT POSITION as GRST GROWING BIG.
SEC Charges Investment Adviser and Principal in Abusive Naked Short Selling Scheme
https://www.sec.gov/news/press-release/2023-107
Washington D.C., June 12, 2023 —
The Securities and Exchange Commission today charged investment adviser Sabby Management LLC and its managing partner, Hal D. Mintz, with fraud in connection with a long running scheme involving misrepresentations and violations of rules for short selling and order making, as well as other violative trading, that generated more than $2 million in illegal profits.
The SEC’s complaint alleges that, from at least March 2017 through May 2019, Sabby and Mintz repeatedly circumvented trading rules to conduct unlawful trades in the stock of at least 10 public companies. Short selling is a legal practice where, generally, a trader borrows a security from a securityholder and sells the security at one price, speculating that the trader can buy the security at a lower price in the future before it must be returned to its owner. As alleged in the complaint, for example, Sabby and Mintz engaged in illegal “naked short selling” by intentionally and improperly placing short sales when they knew or were reckless in not knowing that they had not borrowed or located the shares, and then failed to make timely delivery of the shares. According to the SEC’s complaint, the purpose of Sabby and Mintz’s fraudulent scheme was to earn profits they could not have gained through legal trading.
Additionally, as the complaint alleges, on occasion Sabby and Mintz used their naked short selling to artificially deflate the price of securities, allowing them to obtain more shares at a cheaper price.
The SEC’s complaint further alleges that Sabby and Mintz tried to conceal their fraudulent trading, including by using securities acquired after the trades to make it appear to brokers executing the trades that they had complied with the requirement to have borrowed or located the shares prior to their trades. As the complaint alleges, when questioned by at least one broker regarding their trading, Sabby and Mintz repeatedly lied about the trading.
“The SEC alleges that Sabby and Mintz attempted to game the system and make an illegal profit,” said Carolyn Welshhans, Associate Director of the SEC’s Division of Enforcement. “When someone uses naked shorts or other manipulative practices to cheat the market and investors, the SEC will ensure that they are held accountable.”
The SEC’s complaint, filed in the U.S. District Court for the District of New Jersey, charges Sabby and Mintz with violations of Section 10(b) of the Securities Exchange Act of 1934 and Rules 10b-5 and 10b-21 thereunder. The complaint also charges Sabby with violations of Sections 204 and 206(4) of the Investment Advisers Act of 1940 and Rules 204-2 and 206(4)-7 thereunder and charges Mintz with aiding and abetting those violations. The complaint seeks permanent injunctive relief, disgorgement of ill-gotten gains plus prejudgment interest, and civil penalties.
The SEC’s investigation was conducted by Edward Reilly and Christopher Mathews, with assistance from Patrick McCluskey and Brian Shute, under the supervision of Amy Friedman and Ms. Welshhans. The litigation will be led by Daniel Maher and Mr. Reilly and supervised by David Nasse.
$GRST
GRST- Link to the trades.....
https://ih.advfn.com/stock-market/USOTC/demand-brands-pk-GRST/trades
***True and loyal shareholders provide good support to help the company grow
14h12 ... Total activity was $5,000 more or less (less than 10,000,000 shares ... Obviously some do try to manipulate the stock up and/or down. However those owning 3.75 billions shares obviously neighter buy nor sell. I wonder why ??? May be that they are bright enough to wait and see instead of dreaming of a pps oto become someting like $0.001 (market cap of $3,750,000) for a company generating twice that much revenue. who knows???
As usual you live in the past and post the same fact on and on, trying to discourage current or potential shareholders for only God and you know why ???
Mr. Leon further added, “It came to my attention recently that misinformation about our Company was shared in an online forum accusing the company ... '' I wonder if Mr. Leon did think about you among other ???
Some can only see negatives and others positives whatever the situation. I personally just assume the company is alive and our CEO tries to save it negociating with his lenders and potential investors.
Some can only reash the past, some dream of a great future. All I say is that for as long as there is hope, one should wait and see instead of forecasting without knowing current facts.
Finally, there effectively no compelling to release a special press release. You however go with the damn if you do, damn if you do not ... That is a fact.
Yes, that three dollar and fifty cent buy at .0007 was certainly exciting. LOL
Leonite has been the company's primary financier since the beginning. They have gotten caught sideways on their debt arrangements with this company before when they had to accept the Delray Beach properties for debt settlement in October 2019. It looks like they are there again since they aren't able to convert the debt.
Leonite hasn't converted for cash or extended any more financing for over a year now. Other toxic lenders appear to have steered clear as well which has forced the company to seek out the expensive Receivables Funding lenders. It appears that they simply take out the new loans to make payments on the older Receivables Funding notes. I'm sure that Leonite, the parasite, doesn't want to kill the host. In this case months of inaction by the company may lead to their own demise. Particularly in a very tight capital market and OTC traders who typically have the sense to run from a regulation "A" offering.
For the fiscal year ended: December 31, 2019
https://www.otcmarkets.com/filing/html?id=14268515&guid=OhT-kHI_yPDaJth
11. Short-term Convertible Notes (continued)
Leonite Capital, LLC (continued)
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.
They weren't compelled to release a special press release. They do one with each filing historically. What they were compelled to do was hold this one for several weeks it would seem. This being said let’s see why our CEO felt he had to issue this NR NOW ???
look at each point. They still do not have an agreement to settle the $745K June 2022 note that matured March 1st. They are on their third forbearance extension. They need some sort of agreement because of course they can't pay it. So kick it out for another quarter.
They have been talking about the property purchase since July 2022 and of course the narrative of what we are gong to do one day continues.
The original regulation "A" filing was eight months ago and the narrative each quarter is that they will do t one day. They can't even get to the point where they can convert shares for debt. That is pathetic for an OTC listed company.
Two years of revenue projections every quarter for years has culminated in the numbers below from the last quarterly filing. Hardly impressive and is why their debt festers and accrues at 24% interest.
For the uninitiated, below is the link to their press release history. Just go through them an pay attention to the narrative that simply placates shareholders until the next quarter while little actually happens. Go back over the last couple of years as they talk about earnings and compare the narrative to the actual numbers from last quarter. The company's failing narrative is why they are debt ridden and can't get to the point where they can even sell new shares.
Ethema Health Globe News Wire Press Release History.
https://www.globenewswire.com/en/search/organization/Ethema%2520Health%2520Corporation?page=1&pageSize=10
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%.
'If I were Leonite, I would just sit back and enjoy the ride.'
Fortunately one must figure out that Leonite has no interest in forcing the company to go bancrupt. If GRST was to fold, Leonite would be stuck with bad debt and our CEO would retire in his land without obligations. That's why both parties not being suicidal, they sit together and NEGOCIATE a win-win resolution. If so, starting where we now stand, we (shareholders) have nothing to lose ... at very minimum ... but a lot to gain ...
'Massive dilution on the way with or without a reverse split'
Massive dilution without a reverse split has been forecasted by our CEO (4,666,666,660 new shares). It doesn't take a lot of research to figure that one out ... unless one wants to refer to SPLIT out of context to scare shareholders ???
LAST WEEK NEWS RELEASE
I do not know specifically what will come out of this soon but I believe one has to be viciously sadistic to see the following as disastrous news for shareholders, considering our recent capitalization and revenues ??? This being said let’s see why our CEO felt he had to issue this NR NOW ???
-to agree to a plan for repayment of the Leonite debts and convertible loans.
-parties are also negotiating a global restructuring of outstanding securities
-greatly reduce the complexity of the Company’s balance sheet, as well as reduce substantial liabilities.
-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.
-These two initiatives have delayed both the start of the Reg A+ capital raise and the completion of the acquisition
-If revenue continues as projected, the second quarter will set new highs for profitability.
-the suit on 4/18/2023 with prejudice,
-(Another case) The entire case was resolved on May 24, 2023 in mediation and the case was dismissed with prejudice (not involved in any patient brokering.)
I keep my millions shares, I do not add, I wait and see. No one can say our CEO abuses issuances of NR but for some reason he just found that time has come to issue one huge one with SPECIFIC TARGET DATES FOR THE ACTIVITIES HE MENTIONS"
WE SOON SHALL SEE
7 ask what u gonna do when this blows past triple zeros?
The most telling point in the last press release for me was the inability to acquire an agreement on Leonite's $745K June note that matured March 1st 2023. This is the third forbearance extension agreement and I for one would love to see what in in the agreements. Even with an agreement those notes will accrue interest and penalties until they can be converted of otherwise paid. For the $745K June note, the current quote for the WSJ prime rate is 8.25% which brings the note interest rate to 14%. That is if they aren't getting the 24% default interest per the agreement. If I were Leonite, I would just sit back and enjoy the ride.
However you can't deposit note agreements in the bank. They will still have the chore of conning retail traders into buying those share conversions for cold hard cash. That is where the regulation "A" offering comes in from what I see. Get ready for massive dilution which will absolutely require a reverse split in my opinion.
The original $76K May 3, 2022 note will be worth more than more than $160K by June 30th, and the original March 1, 2022 note for $124K will be in excess of $250K. Keep in mind that the company only received net proceeds of $161K from these two notes when issued. These two notes alone will be worth more than $410K by the end of the month. And you think you have credit card troubles.
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.
8. Short-term Notes
Leonite Capital, LLC
Secured Promissory Notes
On March 1, 2022, the Company entered into a secured Promissory Note in the aggregate principal amount of $124,000 for net proceeds of $100,000 after an original issue discount of $24,000. Due to the failure to repay the note by due date, a penalty of $37,200 was added to the principal outstanding and the Company incurs a monthly monitoring fee of $2,000 per month. In addition the note earns interest at a default rate of 24% per annum on the total balance outstanding, including the monthly monitoring fee and accrued interest.
The Note had a maturity date of April 1, 2022. This note has not been repaid at the date of this report. We are in negotiations with Leonite to settle the balance outstanding and no default has been declared.
The balance outstanding on the note, including default penalty, interest accrued and monthly monitoring fees is $231,481 as of March 31, 2023.
On May 3, 2022, the Company, entered into a secured Promissory Note in the aggregate principal amount of $76,250 for net proceeds of $61,000 after an original issue discount of $15,250. Due to the failure to repay the note by due date, a penalty of $22,875 was added to the principal outstanding and the Company incurs a monthly monitoring fee of $2,000 per month. In addition the note earns interest at a default rate of 24% per annum on the total balance outstanding, including the monthly monitoring fee and accrued interest.
The Note had a maturity date of June 17, 2022. This note has not been repaid at the date of this report. We are in negotiations with Leonite to settle the balance outstanding and no default has been declared.
The balance outstanding on the note, including default penalty, interest accrued and monthly monitoring fees is $143,634 as of March 31, 2023.
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"...
I wish I added some when it was in the .0004s and lower a short time ago. I expect a big downward push early next week so maybe buying at .0005 will be possible but I hope the buy shares very cheap days are going to be behind us soon
Agree. $GRST becoming TOP OTC STOCK.
To me, GRST is 1 of the MOST UNDERVALUED OTC stock right now.
MILLIONS in REVENUE + BILLIONS in NAKED SHORT = $,$$$,$$$
1 of the BIGGEST and BEST OTC OPPORTUNITY right now.
Hoping to add 100 Million GRST shares soon if it remains in trips for some time and I get into that position.
$GRST
Working hard on the weekend Bubae...
but I guess 18 full-time and 27 part-time employees is about the same as 2 employees, as you stated.
I the modern world there are a lot of people working 4/5 to take care for the family.
GRST - Peoples that understand Mr. Shawn Leon Efforts to help Peoples that need care to Regain a Healthy Life are Holding on to their shares in spite of Malevolent Manipulators that keeps Defaming the Company and manipulating the price!.....
***Drug Rehab West Palm Beach, FL | ARIAhttps://www.ariafl.com
*** Market manipulation may involve techniques including:
***Spreading false or misleading information about a company;
Market Manipulation - Investor.govhttps://www.investor.gov › investing-basics › glossary
====================================================================
***The Company 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 ›
Unfortunately online positive review harvesting is an industry.
32 Customer Review Sites for Collecting Business & Product Reviews
https://blog.hubspot.com/service/customer-review-sites
GRST - By Reading Any Reviews about any Company.....There is always someone not happy.....
***Drug Rehab West Palm Beach, FL | ARIAhttps://www.ariafl.com
***Full-time employees: 46- .https://nz.finance.yahoo.com ›
***This for instance has been Carefully Not Reported???.....
***First to Review
***Words can not express the gratitude I have for ARIA. They have gone above and beyond for everyone here, especially during this recent spike of Covid cases in the area. The staff has gone above and beyond to make sure that all of our needs are met and that everyone is well taken care of. The safety of the patients has been their utmost priority. I'm no stranger to rehab facilities, unfortunately. I've been battling this disease for many years. But, I have to say, that if it wasn't for ARIA, the amazing therapists, caring staff & compassionate facilitators... I don't know where I would be right now. I will forever be grateful.
Interesting comment in your post.
******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.
Funny, you try to discredit me by pointing to post #45321 which is your own post trying to discredit me on this same subject. LOL Let me help you out. The post is actually #45322 where I said the same thing as I say now for the same reason, 18 full time and 27 part time employees. I do understand why many consider the SEC filing information to be a real nuisance. However that is as close to factual information that you will get from this company.
01/09/23 12:15 PM Post #45322
https://investorshub.advfn.com/boards/replies.aspx?msg=170898279
FORM 1-A
REGULATION A OFFERING STATEMENT
https://www.otcmarkets.com/filing/html?id=16623154&guid=h0T-k6f3Z33aJth
1-A: Item 1. Issuer Information
Issuer Information
Total number of full-time employees 18
Total number of part-time employees 27
GRST - Quotes: <<Seriously want to post bed counts>>***<< a 41-bed addiction treatment facility...'That's right, 41 beds>>.....
***IMO, What ever the Filings or Press Released might state.....It is not possible to foresee what might happen the "Following Day".....For any Health Care Facility it is quite easy to imagine that Unexpected & Improvised Daily Changes are Susceptible to Happen???......
*** Few months ago...When the Company had 46 Confirm Employees you said there was 18??? -Post # 45321
***Quote: <<Once again the facts! They actually have 18 full time employees>>
***We cannot possibly know every things better than Mr. Shawn Leon.... do we???.....Using some Logic I presume that Mr. Shawn Leon did not Hire 46 Staff to take care of 41 Bed???....
***Although I am not there to verify.... Personally...I Trust Mr. Shawn Leon to be in Good Faith!....
***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 >>
***Drug Rehab West Palm Beach, FL | ARIAhttps://www.ariafl.com
******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!
***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 ›
GRST - https://fb.watch/bN-wNMFvWg/
https://t.co/5GwitXravc $GRST
The numbers. Explains why they aren't paying anything on most of their debt. Well, the numbers are telling another story...
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%.
this will explode soon
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
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