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GRST- Link to the trades.....
https://ih.advfn.com/stock-market/USOTC/demand-brands-pk-GRST/trades
Of course the share structure was different at .10 and the location expansion relies on the success of the Reg A offering. I’m still bullish.
How many companies promote the EBITDA number? This one always has, even when talking about new acquisitions. The interest expense which is a component of EBITA has grown considerably along with the new debt each quarter. Net income for the first nine months of 2022 was $167,483. The rest is BS.
The badly needed new story is indicated with the announcement of a potential acquisition but hardly enough to get traders excited about buying into that offering. They don't have the ability to buy anything with the pending debt obligations. The offering will be going to pay the Leonite debt and nothing else in my opinion. That offering at $.0012 a share isn't viable with this story and share structure. We should see a 8K soon.
EBITDA = Net Income + Taxes + Interest Expense + Depreciation & Amortization
For the quarterly period ended March 31, 2022
https://sec.report/Document/0001903596-22-000301/
Interest expense $ 80,768
For the quarterly period ended June 30, 2022
https://sec.report/Document/0001903596-22-000529/
Interest expense $122,848
For the quarterly period ended September 30, 2022
https://www.otcmarkets.com/filing/html?id=16200583&guid=wEG-knVR-IG9dth
Interest expense $163,561
Ethema Posts Strong 3rd Quarter Results and SEC Qualifies the Regulation A Form 1A Filing
November 29, 2022 08:00 ET | Source: Ethema Health Corporation
https://www.globenewswire.com/en/news-release/2022/11/29/2563968/0/en/Ethema-Posts-Strong-3rd-Quarter-Results-and-SEC-Qualifies-the-Regulation-A-Form-1A-Filing.html
The Company has begun due diligence on a potential acquisition expected to close in late January. Due to confidentiality agreements the Company is prohibited from disclosing the name of the potential target. The targeted acquisition cost is approximately $3.8 million.
...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. We expect to substantially grow the EBITDA in 2023 as growth will become our sole objective after repaying the debt.”...
1,000,000 premarket buy
The talk of location expansion in today’s Press Release is a good sign of CEO intent and follow through including the continued commitment for debt reduction from the last time the company was operational. The last time the company was operating the share price was at around .10 or more and at that time they were not as profitable.
$GRST
NEWS
NEWS
Ethema Posts Strong 3rd Quarter Results and SEC Qualifies the Regulation A Form 1A Filing
WEST PALM BEACH, FL, Nov. 29, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – Ethema Health Corporation (OTCPINK: GRST) (“Ethema”, “GRST” or the “Company”), recently filed the third quarter 2022 10-Q. The Company’s ARIA subsidiary continued its growth and had a $712,839.00 EBITDA for the first nine months of the year. The Company’s wholly owned subsidiary, PB Billing LLC, which started operating in May 2022, had an EBITDA of $34,579.00 for the first 9 months of the year. Companywide EBITDA for the first nine months of the year was $898,920.00. Detailed results are available in the SEC filings for the third quarter 10-Q. Additionally, on November 14, 2022, the Company received qualification from the SEC for its form 1A, which enables the company to raise new equity as outlined in the filing.
The Company has begun due diligence on a potential acquisition expected to close in late January. Due to confidentiality agreements the Company is prohibited from disclosing the name of the potential target. The targeted acquisition cost is approximately $3.8 million. The Company is also set to close on the acquisition of the property leased by its ARIA subsidiary at the end of January 2023.
Mr. Shawn Leon, Company CEO, reported, “We had set a goal at the beginning of the year for our ARIA subsidiary to produce an EBITDA of $1,000,000 for calendar 2022. It looks like we are on track to make that goal and are very proud of our many associates and team members for helping us get there. We 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. We expect to substantially grow the EBITDA in 2023 as growth will become our sole objective after repaying the debt
Ethema Posts Strong 3rd Quarter Results and SEC Qualifies the Regulation A Form 1A Filing
WEST PALM BEACH, FL, Nov. 29, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – Ethema Health Corporation (OTCPINK: GRST) (“Ethema”, “GRST” or the “Company”), recently filed the third quarter 2022 10-Q. The Company’s ARIA subsidiary continued its growth and had a $712,839.00 EBITDA for the first nine months of the year. The Company’s wholly owned subsidiary, PB Billing LLC, which started operating in May 2022, had an EBITDA of $34,579.00 for the first 9 months of the year. Companywide EBITDA for the first nine months of the year was $898,920.00. Detailed results are available in the SEC filings for the third quarter 10-Q. Additionally, on November 14, 2022, the Company received qualification from the SEC for its form 1A, which enables the company to raise new equity as outlined in the filing.
https://www.otcmarkets.com/stock/GRST/news/story?e&id=2392403
GRST - QUOTE: <<The Greatest Truth is Honesty, and the Greatest Falsehood is Dishonesty>> Abu Bakr
***The Incessant Manipulation and Denigration of the Company and the CEO it is An Obvious Sign of Bad Faith!
*** Mr. Shawn Leon has More Credibility than any one "Grasping at Straws"!.....
***From declaes :.......- Post # 44335.
*** Addiction Recovery Institute of America
"74 Google reviews" -
***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.
***Progress have been made and Continue to me Made!!!.....
***The Company growth is real and the elimination of variable rate debt is real.
***Please see Post #42737 & 42751 Reply from The CEO!
.https://nz.finance.yahoo.com ›
GRST - https://fb.watch/bN-wNMFvWg
I would like to see the daily volume with stop loss orders in place. The exits will close up fast when they are needed.
220 mil bid and nobody wants the 3 mil at 0005 lol
GRST - Love your Post. So True!!!
***"We continue to work on eliminating debt, especially convertible debt, and with stronger cash flow each month and the potential to raise new equity." said Shawn Leon, CEO.
***The Company growth is real and the elimination of variable rate debt is real.
***Please see Post #42737 & 42751 Reply from The CEO!
.https://nz.finance.yahoo.com ›
GRST - https://fb.watch/bN-wNMFvWg/
Judge their actions not their words. The Labrys notes defaulted and was exchanged for the June Leonite note. That was 596K of new debt exchanged for hte $745K Labrys fund note, with a variable interest that updates daily, and the fixed rate resets to any subsequent dilutive issuance price. Default interest is 24% calculated back to day one of the note. The note is to be paid first and foremost before all other notes, nothing has been paid on the note as of the end of Q3, with only 3 months left on the note. The March 1st press release rings pretty hollow. The debt situation has gotten much worse, not better. 2022 has been a fairly wasted year for debt retirement. They can't keep borrowing from future earnings forever and that offering isn't yet viable given the current narrative and share structure. There also is not sense of urgency n their part so have to wonder if the offering is for show and liquidation may already be in the works. Their silence off the quarterly filing isn't good.
GRST -Mr. Shawn Leon Has More Credibility Than Any One "Grasping At Straws"!.....-While Mr. Shawn Leon has VERIFIABLE CREDENTIAL .......Peoples CREDENTIALS of any ones that Post on any Forums CANNOT BE VERIFIED!
Quote: "If you don't like something, change it. If you can't change it, change your attitude. Don't complain" – Maya Angelou.
***The Company growth is real and the elimination of variable rate debt is real.
***Please see Post #42737 & 42751 Reply from The CEO!
.https://nz.finance.yahoo.com ›
GRST - https://fb.watch/bN-wNMFvWg/
https://t.co/5GwitXravc $GRST
GRST -Mr. Shawn Leon Has More Credibility Than Any One "Grasping At Straws"!.....-While Mr. Shawn Leon has VERIFIABLE CREDENTIAL .......Peoples CREDENTIALS of any ones that Post on any Forums CANNOT BE VERIFIED!
Quote: "If you don't like something, change it. If you can't change it, change your attitude. Don't complain" – Maya Angelou.
***The Company growth is real and the elimination of variable rate debt is real.
***Please see Post #42737 & 42751 Reply from The CEO!
.https://nz.finance.yahoo.com ›
GRST - https://fb.watch/bN-wNMFvWg/
https://t.co/5GwitXravc $GRST
As long as shareholders have accurate information. The fact is that the bed count narrative is same as it was a year ago per the offering filing which is the only filing where bed counts have been mentioned. The press releases on the subject of the past year have contradicted themselves. The second fact is that their variable rate debt has increased for 2022 with the $745K June Labrys note. They are going to have a hard time selling that offering that is twice the current market price with the same worn story.
PRELIMINARY OFFERING CIRCULAR DATED SEPTEMBER 8, 2022,
https://sec.report/Document/0001903596-22-000650/
Summary
...We operate the Addiction Recovery Institute of America, a 41-bed addiction treatment facility located in West Palm Beach, Florida. This facility is a three-story building with unfinished commercial space on the first floor and two floors of mixed commercial and residential space where clients are treated and sleep. The first-floor space is being completed at which time it will allow the center to expand to 52 beds by moving existing treatment space from the 2nd floor to the 1st Floor.
FAQ Page July 27th 2021
https://ethema.wpengine.com/?page_id=683
What can the total bed count be?
The ARIA lease includes approximately 4,000 square feet on the first floor of the building which is currently being built out for staff offices and treatment group rooms. This finished space will allow us to free up space on the second and third floor presently being used for offices and treatment and add 2 more detox beds, and 10 more partial hospitalization beds for a total of 54 beds. This is expected to be completed by September so that these extra beds should reflect in the fourth quarter numbers.
GRST - Shareholders are Old Enough to make their Own Choice!....
*** Mr. Shawn Leon is Pleased and is Projecting a Positive & Favorable Outlook......- Progress 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.
***From declaes - Post 44335........
*** Addiction Recovery Institute of America
"74 Google reviews" -
***Updated Events that did Occur that should make the difference Going Forward!.....
1-Increase in Bed now 62
2-Increase in Billing Rate from New Directions....
***Increase in Stuff now 46 from 2 last year- <<.https://nz.finance.yahoo.com >>
-The Company growth is real and the elimination of variable rate debt is real.
***Please see Post #42737 & 42751 Reply from The CEO!
.https://nz.finance.yahoo.com ›
GRST - https://fb.watch/bN-wNMFvWg/
https://t.co/5GwitXravc $GRST
Flip at 5 for 20% isn't bad in this market. With everything that needs to be done to make the offering viable you probably have plenty of time. I have my doubts that this offering is even a serious effort since the narrative hasn't changed.
The Labrys debt deal was December 29th 2021 and none of the payment commitments were made not which resulted in the Labrys June note to cover that debt at a very nice premium. Now they are going spend much of 2023 dealing with this same debt with with much worse terms?
A TARGETED APPROACH
Ethema Health Corporation operates in the behavioral healthcare space, specifically in the treatment of substance use disorders. By working with scientists, doctors and researchers, Ethema strives to develop better assessment and treatment modalities for the industry.
http://www.ethemahealth.com/
is $GRST still ah shell
https://seekingalpha.com/symbol/GRST --- 0.0003
https://www.otcmarkets.com/stock/GRST/security
Unrestricted
3,433,657,278
11/02/2022
HI Janet happy belated thanksgiving
is GRST alive
GRST - Never Disregard the "Imponderable"!.......
Take Care,
Best of Luck
janet
Exact same Facebook post by #ARIA and #RiverWalk recovery center... acquisition in the make?
https://twitter.com/Declaes/status/1596993726878220290?t=UDqm5aSYDvXM0BZ3fM3VPw&s=19
3 months left before they default on the Leonite $745K June note that is secured by all of the assets of the company. Only those that have access to the "Security and Pledge Agreement" referenced in the note can say exactly what that means. How will they use the offering to raise capital in such a short time in this market for the purpose of retiring debt? At more than twice the current trading price, they will need to move more than 620 million shares just to cover the $745K before the 24% default interest kicks in. To attract buyers for those offering shares at .0012, they will need a trading price more than twice the offering with huge volume. The balance on the note hasn't changes in 6 months according to the latest quarterly, yet they continue to borrow every quarter. This is only addressing this single note. The rate that this company dawdles along each quarter they may not be in a position to sell the offering until the first of the year. I still expect them to promote and sell this down before the split and maybe raise something like $200K.
For the quarterly period ended June 30, 2022
https://sec.report/Document/0001903596-22-000529/
Leonite Fund I, LP
Effective June 1, 2022, The Company entered into a Note Exchange Agreement whereby
..., were exchanged for a new Senior Secured Convertible Promissory note in the principal amount of $745,375,... .
...The Note matures on March 1, 2023, and bears interest at the minimum of 10% per annum or the Wall Street Journal quoted prime rate plus 5.75%.
The convertible note is secured by all of the assets of Ethema Health Corporation and Addiction Recovery Institute of America, LLC.
June Leonite Note 8K
https://sec.report/Document/0001903596-22-000464/
...The obligations of the Borrower under this Note are secured pursuant to the terms of the security and pledge agreement (The "Security and Pledge Agreement" and collectively the Purchase Agreement, the "Related Documents"...
Ask at 6 less than 6 mil
Haha yeah lol. Gotta go up a couple ticks or maybe it has a run in January. Who knows
You got those 1mil of the 197mil.
There is an obvious reason this will continue to trade in the trips for a long time. No, it's not being manipulated any more than 1000's of other stinky pinks. At least it's good for a 15-20% flip about once a month. Do your own homework, which you will not find here.
the bid went from 85mil yesterday to 25mil now lol and the ask is always the same with endless restacking after every buy. the daily comedy stock
Hahahaha... there we go again.
"If you don't know what to say anymore, repeat what you already said a 1000 times. Keep repeating till you start believing it yourself!"
DECLAES
GRST - Nothing is Cast in Stone........From one Filing to the Next the Company keeps working ........Things happen.....
*** Mr. Shawn Leon is Pleased and is Projecting a Positive & Favorable Outlook......- Progress 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.
***From declaes - Post 44335........
*** Addiction Recovery Institute of America
"74 Google reviews" -
***Updated Events that did Occur that should make the difference Going Forward!.....
1-Increase in Bed now 62
2-Increase in Billing Rate from New Directions....
***Increase in Staff now 46 from 2 last year- <<.https://nz.finance.yahoo.com >>
-The Company growth is real and the elimination of variable rate debt is real.
***Please see Post #42737 & 42751 Reply from The CEO!
.https://nz.finance.yahoo.com ›
GRST - https://fb.watch/bN-wNMFvWg/
https://t.co/5GwitXravc $GRST
Same exact bed count narrative in the latest offering filing as that of July 2021. They are desperate for a new story but their credibility is an issue. The debt problem comes from the previous failed treatment centers and the start-up for this one.
PRELIMINARY OFFERING CIRCULAR DATED SEPTEMBER 8, 2022,
https://sec.report/Document/0001903596-22-000650/
Summary
...We operate the Addiction Recovery Institute of America, a 41-bed addiction treatment facility located in West Palm Beach, Florida. This facility is a three-story building with unfinished commercial space on the first floor and two floors of mixed commercial and residential space where clients are treated and sleep. The first-floor space is being completed at which time it will allow the center to expand to 52 beds by moving existing treatment space from the 2nd floor to the 1st Floor.
FAQ Page July 27th 2021
https://ethema.wpengine.com/?page_id=683
What can the total bed count be?
The ARIA lease includes approximately 4,000 square feet on the first floor of the building which is currently being built out for staff offices and treatment group rooms. This finished space will allow us to free up space on the second and third floor presently being used for offices and treatment and add 2 more detox beds, and 10 more partial hospitalization beds for a total of 54 beds. This is expected to be completed by September so that these extra beds should reflect in the fourth quarter numbers.
BANKRUPT?
Strange... so always talking about the past debt and how it is ruining GRST today, but now you say GRST went BANKRUPT in 2019. LOL
You can't have both 007. Please provide me that LINK. LOL
Yep 150 empty beds LOL
GRST had 150k revenues per month with 150 beds in 2019 and huge costs.
Now
GRST has 600k revenues per month with 62 beds and costs under controle
Don't tell me you don't see the difference? LOL
Actually, they still had the facility that boasted more than 150 beds which they closed a month later in January 2020. The example was one of the many letter of intents that were issued to sell shares. They will need a new narrative to sell the offering shares after the reverse split. This 2 year old story is done and the real numbers are in.
October 24, 2019 11:05 ET
Hmmmm 2019 YES OMG LOL LIKE TOTALLY LOL LIKE Seriously
120 beds 1 Dog The Baghunter
https://www.globenewswire.com/news-release/2019/10/24/1935148/0/en/Duane-Dog-Chapman-Films-Marketing-Spots-at-Ethema-s-ARIA-Treatment-Center.html
December 24, 2019 10:01
BANKRUPT, SHUTDOWN!
Rinse and repeat
December 24, 2019 10:01
Hmmmm 2019 LOL Seriously
0 beds 0 revenues
November 22 2022 22:43
62 beds 6mil revenues
Oh boy....
October 20 2025 11:23
220 beds 25mil revenues
LOL
They need another glowing letter of intent like the one in December 2019 just before they dumped 1.3 billion shares in less than 8 weeks to finish this off before the split in my opinion. They could raise another $200K or so of badly needed cash. That letter of intent came just before closing the last treatment center and was never to be.
Ethema to Focus on Acquisitions for Growth Strategy
December 24, 2019 10:01 ET | Source: Ethema Health Corporation
https://www.globenewswire.com/en/news-release/2019/12/24/1964449/0/en/Ethema-to-Focus-on-Acquisitions-for-Growth-Strategy.html
Ethema Health Corporation (OTCQB: GRST) (“Ethema” “GRST” or the “Company”), a provider of healthcare services, has announced that it has signed a non-binding Letter of Intent to acquire a majority interest in an addiction treatment company. The acquisition target will have approximately $20 million in revenue for 2019 and an EBITDA of $3.6 Million. Under the terms of the LOI the Company would be required to enter into a binding agreement by February 29, 2020 and be closed by April 30, 2020. The purchase price will be determined during the due diligence process and is subject to agreement by both parties.
For the quarterly period ended March 31, 2020
https://sec.report/Document/0001721868-20-000426/
12. Stockholders' deficit
a) Common shares
Authorized, issued and outstanding
Between January 6, 2020 and February 27, 2020, the Company issued 1,316,679,078 shares of common stock in terms of conversion notices received from convertible note holders. The shares issued were issued below par based on the market price of the stock on the date of conversion and were valued at $531,005.
Big things ahead for this company imo
$GRST Takeover in the make?
https://twitter.com/Declaes/status/1595072369688981504?t=I-FhfRIacJV4KSkxXLlKXg&s=19
If you listen closely... You will hear it coming. Rev.... Spl....
How to contradict yourself in 1 sentence LOL
Well the offering got qualified. They now have a huge pool of unregistered shares to work with. The question now is do they go ahead and split or work this down to .0001 themselves before hand.
https://www.otcmarkets.com/filing/html?id=16213910&guid=7RG-kWzJqev1Qth
So trying to promote OMID on the GRST board?
OMID
Revenue for 4Q2021 was $1,179,409
Revenue for 1Q2022 was $358,772
these are the last Q results of OMID I found.
Could not find OMID on the sec-edgar page!!!
GRST
Revenue for 2Q2022 was $1,138,032
Revenue for 3Q2022 was $1,424,943
GRST on sec site
https://www.sec.gov/edgar/search/#/ciks=0000792935&entityName=ETHEMA%2520HEALTH%2520Corp%2520(GRST)%2520(CIK%25200000792935)
LOL,
You just made my weekend LOL.
But you think I come talk trash about OMID on the OMID board? NOPE
Have great weekend.
---------------------------------------------
Q1 OMID 2022
OMID Posts First-Quarter 2022 Financial Statements
Source: InvestorsHub NewsWire
Phillipsburg, NJ -- May 13, 2022 -- InvestorsHub NewsWire -- Today, OMID Holdings, Inc. (OTC Pink: OMID) posted its Unaudited Financial & Disclosure Statements for the Three Months Ended March 31, 2022. During the period, OMID realized record first-quarter revenue; some notable financial highlights are further detailed below.
Highlighted Operating Results for the First Quarter of 2022
Revenue for 1Q2022 was $358,772 compared to $278,124 for 1Q2021, a 29% improvement from the comparative quarter in the previous year.
Gross Profit for 1Q2022 was $175,247 compared to $139,126 for 1Q2021, a 26% improvement from the comparative quarter in the previous year.
Net Income before income taxes for 1Q2022 was $75,209 compared to $47,525 for the 1Q2021, a 58% improvement from the comparative quarter in the previous year.
Q4 OMID 2021
OMID Provides Fourth-Quarter and Year-End Financial Highlights
Source: InvestorsHub NewsWire
Phillipsburg, NJ -- February 1, 2022 -- InvestorsHub NewsWire -- Today, OMID Holdings, Inc. (OTC Pink: OMID) is pleased to share the results of an initial financial review of its fourth-quarter operations. The Unaudited Key Financial Highlights are provided below for the Fourth Quarter as well as the Year which ended on December 31, 2021.
Operating Results for the Fourth Quarter of 2021
Revenue for 4Q2021 was $1,179,409 compared to $1,084,325 for 3Q2021, a 9% improvement. In addition, 4Q2021 Revenue increased by $690,263 or 141% from $489,146 for 4Q2020.
Gross Profit for 4Q2021 was $590,749 compared to $488,397 for the 3Q2021, a 21% improvement. In addition, 4Q2021 Gross Profit increased by $303,663 or 106% from $287,086 for 4Q2020.
Net Income before Income Taxes* for 4Q2021 was $469,034 compared to $422,729 for 3Q2021, a 11% improvement. In addition, 4Q2021 Net Income before Income Taxes* increased by $228,510 or 95% from $240,524 for 3Q2020.
Ow, I get it... you are talking about OMID here on the GRST board.
But saying the Q3 of GRST is not on the sec-site.... LOL Here is the OMID sec-page
https://sec.report/Ticker/omid
Looks like the last info is from 2014...
Omg really.
HVe a great weekend.
Wow, let me know what ticker you are talking about? One that needs to fix its share structure to make the regulation "A" offering viable? Or do you believe them when they say that they will sell billions of new shares at .0012 without a reverse split. Interest expense really jumped over last quarter and the additional receipts funding ensures what cash flow there is goes to service the new debt. I believe that they have waited to long to fix this and are now just bailing the water out of a sinking ship. This 2 year old story that hasn't changed much is finally done in my opinion. Few in this market are going to donate funds to the debt reduction cause of Ethema Health.
How many have over $4 million in defaulted debt? Have a note due in a bit more than 3 months that is secured by all assets of the company? How many are so weak that they are unable to convert shares for debt? The silence after the quarterly is deafening. Save your powder, buy up those .0001s and then lose another 50% after the split.
I still have my position in that one over a year later. Despite the great stats it has been very disappointing. This one is worst of the bad and still manages to sell 6s.
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