Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Only way to sell here is to dump into the bid .0003, no one wants to pay $400 for a million shares for this great opportunity!
GRST - Please Post the Tweet ........ I am not Register on Tweet....
***According to: https://simplywall.st/stocks/us/healthcare/otc-grst/ethema-health
***Pass
Have shareholders been diluted over the past year?
***Shareholders have not been "Meaningfully" diluted in the past year or recently listed
Thank You!
janet
20-21. Some vague tweet about the last of common shares were issued then they proceeded to dump 1.5 billion shares. Remember now?
The point is not about if the have recently diluted. Point is they said one thing and then did the opposite.
GRST - I Trust this Statement from Mr. Shawn Leon!.....
*** Mr. Shawn Leon, Company CEO, reported, ...
...We have repeatedly indicated throughout the year that our dual goals were to grow the company and to manage and repay the debt we accumulated in previous years. In the next few months, we expect to make substantial progress on these goals with the new equity raise outlined in the filed form 1A....
*** ARIA Rehab Facility***
https://www.ariafl.com/
***<<We will continue to focus on growth while improving our balance sheet.>>
***The Company growth is real and the elimination of variable rate debt is real.
***Please see Post #42737 & 42751 Interesting Reply from The CEO!
***https://simplywall.st/stocks/us/healthcare/otc-grst/ethema-health
***https://markets.ft.com/data/equities/tearsheet/profile?s=GRST:PKC
***https://fb.watch/bN-wNMFvWg/
***https://nz.finance.yahoo.com/
Time will tell the story!
GRST - Please Post the Proof about Dilution......
***According to: https://simplywall.st/stocks/us/healthcare/otc-grst/ethema-health
***Pass
Have shareholders been diluted over the past year?
***Shareholders have not been "Meaningfully" diluted in the past year or recently listed
Have a Good day
janet
Just like GRST was done with dilution until they weren't.
GRST - As a reminder: <<Post # 46660 by declaes.....Tuesday, April 11, 2023 1:03:13 PM>>
***GRST don't need a split and is not planning a split. Not for this offering, not on the near future>>
N.B.- declaes did contact the CEO....
<<If I were you, I would contact the company and ask for more info. Just like I did today>>
A r/s may not be so bad...I brought naspiers as a penny stock and there was never a board for the s. african stock. company never commented, changed names 3 times and I sold at 167 dollars a share.
Someone is going to get those .0003 bids.. at this close
GRST - <<Just my opinion, of course>>
***Opinion it is not Knowledge!.... Your opinion it is as good as any one else!.....
***When we read the News......We Are All Old Enough to Make Up Our Own Mind About What it is Good for us to do!.....
==============================================================
***Drug Rehab West Palm Beach, FL | ARIAhttps://www.ariafl.com
GRST- Mr. Shawn Leon did Reply to my e-mail saying: 2023 Will Be Great!!
GlobeNewswire: Ethema Health Corporation- March 1, 2023
***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.
***https://markets.ft.com/data/equities/tearsheet/profile?s=GRST:PKC
***https://simplywall.st/stocks/us/healthcare/otc-grst/ethema-health
***https://fb.watch/bN-wNMFvWg/
***https://nz.finance.yahoo.com/
Time will tell the story!
I doubt there are many, if any, holding this ticker are short at the moment. Once they announce the reverse split with a qualified regulation "A" in place... then selling this short this would be a tasty proposition.
They have ambitious plans for the funding from the regulation "A" offering. The shares from this kind of offering are immediately tradable and ultimately means that they need to find retail traders to dump them on. Anyone want to venture a guess as how they will manage to do that with an offering price more than 3 times the current market?
The SEC is widening its war on toxic funders
https://www.linkedin.com/pulse/sec-widening-its-war-toxic-funders-steve-taylor/
...it also increasingly utilized qualified Reg A offerings to acquire free-trading stock which they then dumped into the market without disclosure....
...This was a significant concern, as Reg A shares are immediately free-trading. That makes it much more attractive to many investors compared to restricted securities sold under Reg D exemptions, but it also is definitely more attractive to those looking to make a quick buck by breaking the law. This case demonstrates the SEC may not have been looking hard enough at the Reg A market for fraud, as certain financiers and funders have been scalping stock without disclosure in the filings....
...Section 17(b) of the Securities Act of 1933 requires anyone that is paid to promote a stock must disclose the amount of the payment and who paid them. This is probably the most violated SEC regulation, which is not a surprise as it is also the least enforced. Toxic funders routinely pay promoters to pump the stocks in which they are funding. ...
...To make money on their toxic convertible loan, these funders require volume to dump into. Lots of volume, because they have a lot of stock to sell. Thus the need for lots of promoters, most of whom are non-disclosing as telling the public they are getting paid to pump, and who paid them to do it, would scare even the most die-hard penny plunger away....
Company Signs Purchase and Sale Agreement to Acquire Property and Ends Third Quarter Strong
October 05, 2022 13:07 ET | Source: Ethema Health Corporation
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
...Ethema Health Corporation (OTCPINK: GRST) (“Ethema” “GRST” or the “Company”) previously announced that it had entered into an option to purchase the building at 950 Evernia Street, West Palm Beach....
...The company plans to raise additional equity for the purchase through a Regulation A financing...
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
...We have repeatedly indicated throughout the year that our dual goals were to grow the company and to manage and repay the debt we accumulated in previous years. In the next few months, we expect to make substantial progress on these goals with the new equity raise outlined in the filed form 1A...
Ethema Extends Dates for Debt Repayment and Real Estate Closing
March 01, 2023 08:00 ET | Source: Ethema Health Corporation
https://www.globenewswire.com/en/news-release/2023/03/01/2618141/0/en/Ethema-Extends-Dates-for-Debt-Repayment-and-Real-Estate-Closing.html
The Company is nearing the completion of the definitive agreements on the previously announced acquisition. Once a final agreement is reached, there will be a short due diligence period followed by a thirty day closing period. The purchase of the acquisition will be funded by the financing raised by the Reg A+ offering.
Not at all...naked shorters has fleeced him!
GRST - Hi Sylvia, I think that there is a lots of "misconception" ......
Personally, I like to support Mr. Shawn Leon Effort in helping peoples that need to regain a healthy life......- I do not believe that he is trying to "Fleece" shareholders!.....
*** ARIA Rehab Facility***
https://www.ariafl.com/
***<<We will continue to focus on growth while improving our balance sheet.>>
***The Company growth is real and the elimination of variable rate debt is real.
***Please see Post #42737 & 42751 Interesting Reply from The CEO....
***https://markets.ft.com/data/equities/tearsheet/profile?s=GRST:PKC
***https://simplywall.st/stocks/us/healthcare/otc-grst/ethema-health
***https://fb.watch/bN-wNMFvWg/
***https://nz.finance.yahoo.com/
Time will tell the story!
Best of Luck
Take Care.
janet
In my opinion they are doing well....I am not inflenced by negative posts.
From what I read, I wouldn't touch this stock with a ten foot pole.
Never considered how much fraud there was in this business
Very interesting stuff. Lawrence Hawkins has done well taking advantage of the circumstances that Shawn Leon found himself in after closing the second failed treatment center in January 2020. The question I have is does the current business model serve as a successful proof of concept to attract new investors for another effort.
They have a $400K deposit on the property purchase agreement for the treatment center. The deal makes little sense for reasons I won't go into at the moment. We learned that the deposit is refundable and I suspect that they funds are actually seed money for the next venture after wrapping up the debt deals for the current assets. I'm watching for another deal with investors, under a separate share structure like the current one and would expect that Lawrence Hawkins would be a party to it. The difference this time is cautious traders in a tight market and a history here of bilking them out of their money.
Wow, trying to sell some shares at .0004, no one wants them, no demand for this stock.
GRST - $42 Billion U.S. Addiction Rehab Industry Poised for Growth, and Challenges
***Here are the top six things to know about this healthcare sector:
1. Addiction rehab market size: Marketdata estimates that the drug, alcohol and other addictions treatment industry will be worth $42 billion this year. Moderate but steady 5.2% annual growth in revenues is forecast through 2025, reaching $53 billion. The states provide most of the funding, and insurance coverage, including Medicaid, is increasing.
2. Reforms needed: With passage of the Affordable Care Act, 3-5 million new patients entered the system in need of substance abuse treatment, resulting in the opening of more treatment centers and “sober homes,” many of which engage in overbilling, patient brokering, and deceptive marketing. The industry needs to be cleaned up, but reforms could take five years to take full effect.
3. Competitive landscape: Some large chains exist, but the industry consists of mostly small operators. The top 9 treatment chains are estimated to capture $1.38 billion in revenues, and operate 214 treatment facilities. All private, for-profit centers treated 1.36 million patients in 2018, and took in $13.9 billion.
4. Number of patients in treatment facilities: A total of 3.7 million persons were treated in 2018, but there were 21 million persons in need of treatment. Only 11% of substance abusers actually receive treatment.
5. Demand for services: An estimated 53 million Americans aged 12+ were illicit drug abusers in 2018, according to government agencies. An estimated 4-6 million are opioid abusers, a figure that has soared in recent years.
6. Different types of treatment: Niche markets have emerged for the well-heeled that can pay out-of-pocket (think Hollywood celebrities) and new niches are emerging in areas such as: sex addiction, problem gamblers, Internet addiction, nicotine addiction, anxiety disorders, eating disorders, and serving Iraq and Afghanistan war veterans with PTSD.
====================================================
***The investment boom is triggering a consolidation of rehab centers. Treatment of drug addiction and alcohol abuse are considered “essential health benefits” that most health insurance plans must offer under the Affordable Care Act. Many Americans who previously could not afford addiction treatment now are eligible for coverage. The law also permits young adults to stay on their parents’ insurance plan until they are 26, which expands coverage to those who are struggling with substance abuse. More people can also afford coverage now that the economy is recovering, the article notes.
***The United States Substance Abuse Treatment Market size was estimated at:
*USD 1,063.12 million in 2021;
*USD 1,150.26 million in 2022; and is projected to grow at a CAGR 9.30% to reach
*USD 1,812.92 million by 2027.
Billion addiction treatment industry>>
***Drug Rehab West Palm Beach, FL | ARIAhttps://www.ariafl.com
=====================================================
GRST- Mr. Shawn Leon did Reply to my e-mail saying: 2023 Will Be Great!!
***<<The market is exploding and GRST could become the 3rd major option in the $35
GlobeNewswire: Ethema Health Corporation- March 1, 2023
***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.
Well this didn't take all that long to find connections. If I was guessing (and I am), I'd say "family men"....
https://www.readingeagle.com/2018/05/20/drug-treatment-is-big-business-in-pennsylvania/
https://www.palmbeachpost.com/story/news/local/2019/04/02/dozens-arrested-in-patient-brokering-scheme-connected-to-lake-park-lab/5472744007/
Oh wait, this one is the best yet...
Vesselov lives on the South Florida coast and drives expensive cars, fast. In July, he crashed a 2014 Ferrari while traveling 95 mph on a highway near his home. Two Florida speeding tickets he received, on Jan. 8 and on Jan. 9, list his address as a $3.2 million mansion, although he said he does not reside there.
In an email response to questions, Vesselov said Kane piqued his interest in Bloomington, advising his company “of the opportunities and need for quality drug treatment services needed in the state of Indiana.”
Well this is getting really interesting. Don't know if you've been around long enough to read this post, but it makes my spidey senses tingle....
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=159102440
Speaking of disclosure. Where is the "Security and Pledge Agreement" that would tell us how they will be settling the Leonite June note? If they have pledged all of the assets how do they settle with the other note holders who have debt secured by options for shares of ATHI, the holding company for the treatment center? I guess that is where the regulation "A" offering comes in. At what point does this CEO come clean and engage in some straight talk with shareholders.
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”, “GRST” or the “Company”), has signed an extension and forbearance agreement with Leonite Capital Inc. extending the due date for its note due March 1, 2023. The Company will continue to pay interest on the note and it will be due May 8, 2023...
For the quarterly period ended June 30, 2022
https://www.otcmarkets.com/filing/html?id=16018411&guid=LRu-kHypngugAhh
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=LRu-kHypngugAhh
...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"...
Have to keep in mind that revenue from the treatment center didn't come until the last half of 2021. So year over year numbers need to be put into context. The real stakeholders who hold debt secured by direct shares in the treatment center will do just fine going forward thanks to the contributions from holders of Ethema (GRST).
GRST - Great link for disclosure ....................
https://www.griproom.com/fun/how-to-spot-fake-comments-on-stock-boards
GRST - Financial Times- Ethema Health
https://markets.ft.com/data/equities/tearsheet/profile?s=GRST:PKC
Data delayed at least 15 minutes, as of May 01 2023 19:54 BST.
Data delayed at least 15 minutes, as of May 01 2023 19:54 BST.
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.
============================================================
***Addiction Recovery Institute of America offers compassionate, personalized addiction treatment in Florida.
***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
***https://simplywall.st/stocks/us/healthcare/otc-grst/ethema-health
============================================================
***Long Term Will Tell The Story!.....
The previous two failed treatment centers were structured under Ethema Health (GRST). An individual named Lawrence Hawkins facilitated the current structure under American Treatment Holdings Inc. (ATHI), owns 25% of the treatment center and I haven't found in any filing where he contributed capital. He also draws $30K a quarter in management fees. I explained this in a previous post, link below.
Monday, April 17, 2023 10:27:00 AM
Post# 46685
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171703049
I just don't see a company like this coming up with this idea on their own. Either someone new to the company brought the idea because they did so elsewhere, or else somehow, they were approached and sold a bill of goods.
Who are you saying is the great man?
Its a great company run by a great and succesful man with compassion and revenue.
They had some wind in their sails after converting roughly 1.6 billion shares for debt in 2021. Then the beginning of 2022 until now they put it right back on with a story that has revealed itself to be seriously flawed and deceptive over time. The winners in this scheme are the real investors who hold direct shares of the so called "subsidiaries" to secure debt. Ethema (GRST) shareholders own little other than the debt obligations. The company is counting on that regulation "A" offering priced at three times current market to pay down more debt yet many here foresee no reverse split to make it viable. I seriously doubt they will have much success with an offering for debt in this market.
Guess I was right in my 5 minute assessment.
Geez. Looking at this company, whether it is legit or not, it has no business being a publicly traded company. This is a company raising money to buy a building with some beds in it. Haven't found who convinced them to go public yet, but I'm betting it was a death spiral investor.
The CEO's background certainly doesn't look impressive....
The estimated net worth of Shawn Edward Leon is at least $32,167 dollars as of 2023-05-01. Shawn Edward Leon is the CEO, 10% Owner of Ethema Health Corp and owns about 80,417,584 shares of Ethema Health Corp (GRST) stock worth over $32,167. Details can be seen in Shawn Edward Leon's Latest Holdings Summary section.
The quoted comments are from November 2022. Find a trader who likes regulation "A" offerings and I will show you one who is delusional and broke.
...manage and repay the debt we accumulated in previous years...
...new equity raise outlined in the filed form 1A....
GRST - Mr. Shawn Leon, Company CEO, reported, ...
...We have repeatedly indicated throughout the year that our dual goals were to grow the company and to manage and repay the debt we accumulated in previous years. In the next few months, we expect to make substantial progress on these goals with the new equity raise outlined in the filed form 1A....
*** ARIA Rehab Facility***
https://www.ariafl.com/
***<<We will continue to focus on growth while improving our balance sheet.>>
***The Company growth is real and the elimination of variable rate debt is real.
***Please see Post #42737 & 42751 Interesting Reply from The CEO!
https://fb.watch/bN-wNMFvWg/
https://nz.finance.yahoo.com/
Bubae, I am so surprised you are still here as bad as you think company is doing...aren't u afraid of losing your money?
This subject has come up a few times. The Leons are already in deep on this mess and are owed more than $2.7 million per the 2022 10K. I suspect that the owners of the series "N" note holders may be family and friends with the original $3.2 million growing to more than $4 million due to what appears to be accrued interest . Shawn Leon, the CEO, kicked in another $385K in 2022. You would have to believe that if they were going to help further that they would have done it by paying the Labrys note last June rather than handing over a very lucrative note to Leonite that essentially doubled what was owed in less than a year. That they would have contributed rather than taking on the two very short term and expensive loans in early 2022 that is now earning default interest of 24% and a $2000 a month "monitoring" fee.
The one who is making money buying into the debt is Leonite. They knew going into the June note in 2022 how they would get paid back complete with default interest of 24% calculated back to day one of the note. The terms are hidden away in the "Security and Pledge Agreement" that was supposed to be attached as exhibit "C" of the 8K.
For the quarterly period ended June 30, 2022
https://www.otcmarkets.com/filing/html?id=16018411&guid=99u-kezd2Bs5h3h
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=99u-kezd2Bs5h3h
...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 have never presented the reverse split as anything other than a stated opinion based on the current share structurer and the strength of their narrative. For a reverse split to not be in the cards is to believe that they will be selling billions of new shares into this current situation as stated in the regulation "A" offering. With or without a reverse split those 150 or so current shareholders will get thrashed well beyond their current losses.
It would seem to me that that one of the "very few" honest things that the company has communicated is that they will be diluting heavily in the near future to manage current debt obligations. In 2022 they wasted the year by simply borrowing with even worse terms to service the old debt. Looks to me like they have been kicking the can down the road hoping that the liquidity situation in this market would improve. What we all know is that the market conditions for capital has simply gotten much worse and the outlook is not good.
Do you have a link that says r/s? I can't find one!
I don't think you understand. I do not believe anyone should be buying this stock. The regulation "A" offering will need a reverse split to make it viable and then they will be selling shares to convert the debt from the previous two failed treatment center. They currently appear to be handing over assets for the secured debt that is past due..
Time for leon family to step in and buy up some debt , even 1 million dollars to clean up debt. Is that asking to much for a billionaire family to help out a brother, beside they will end up making more money, if they bought out some debt
Buying additional 50 million shares is very good move...don't get impatient move is coming.
Toxic debt and an incompetent CEO will keep this trading in the low trips for years to come.
I believe the current buy price is .0005. Buy quickly please, many good hearted traders here could use the bailout.
I'm thinking about picking up an addition 50 Million Shares in this company at the current pps 0.0004
Greetings Janetcanada from OTC ShotCaller
Just checking in to see how everyone is doing!
Hope you are well!
You're a great inspiration to many, a true humanitarian. Continue in the Faith towing the line for those in great need for this Company's vast benefits to help them escape a life self of addiction.
I still morn my dear friend losing her life over substance abuse. I spent time with her in her final days, suggested many times she get into rehab, but she resisted. Nevertheless I admired her faith and trust in God. She died in the Faith. The irony that I'm a Nephrologist (kidney specialist) and I warned her many times what could happen to her due to risk of Renal Failure, but she resisted, lost both her kidneys from cocaine abuse and died with extraordinary suffering attempting to survive 2 years with no kidneys that had to be surgically removed due to necrosis caused by the cocaine..you know the story.
I felt I could of done more like facilitating getting her into rehab, but she resisted born out a false self image. What she needed was a Resident Rehab Facility like GRST but none were in existence at that time back in the 80s.
God knows we need Ethema Health
God bless...stay in touch
I will soon re-activate Private Mail and let you know.
I'm thinking about picking up an addition 50 Million Shares in this company at the current pps 0.0004
How many shares are you now holding?
Be well and prosper...
OTC ShotCaller
Who am I to bash...hes doing something I can't do.
I still own some of this crap shares. Leon was supposed to be a great CEO. What BS
As always a lot to brag about that means nothing. Even see a press release that was straight up informative in a way that they appear truthful? The first paragraph is like talking with marbles in your mouth. If you aren't paying on your debt you can claim prosperity all day long. The two subsidiaries have share structures of their own largely held by others and this is what the numbers that the company boasts about.
West Palm Beach, FL, April 04, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Ethema Health Corporation (OTCPINK: GRST) (“Ethema”, “GRST” or the “Company”), on March 31, 2023 filed the 10-K 2023 annual report. The Company’s Evernia subsidiary continued its growth and had an operating income of $0.5 million, including a depreciation and amortization charge of $0.4 million ($0.9 million before depreciation and amortization), marginally below our target for 2022. The Company’s wholly owned subsidiary, PB Billing LLC which started operating in May 2022, had an operating income of $0.1 million for the year. After corporate overhead expenses the Group achieved an operating profit of $0.6 million, including depreciation and amortization of $0.5 million ($1.1 million before depreciation and amortization).
I believe what I said is that they are technically bankrupt. They will in fact be totally bankrupt if the regulation "A" offering for debt conversions falls on its face which it very likely can in this market. They aren't making payments on the Leonite debt from 2022 let alone the rest. The are also taking out new "receivable funding" to help pay the old. New money to service old is what Ponzi schemes are about and are always unsustainable.
I would like to know how they are conducting receivables funding when they are handing over these assets and owned very little of it to begin with. I look for all of this to end up in new financing along with the regulation "A" offering. One thing is for certain, this company and debt holders do not pay the bill in the end. That is what buyers of this stock are for.
4. ADJECTIVE
If you say that something is bankrupt, you are emphasizing that it lacks any value or worth.
![]() ![]() ![]() |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |