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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***
Let's see what someone knowing what he talks about says ...
Few abstract from the NR
- The plan would greatly reduce substantial liabilities.
- 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 initiatives will be resolved by June 30, 2023.
- ARIA subsidiary achieved extremely strong results in April and May.
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. Shawn Leon also addresses some misinformation about our Company shared in an online forum (I wonder who must be reffered to ???)
'Real numbers from the last filing for a little context.'
Once again you look at the past. I prefer to believe in future,
Booooom https://www.globenewswire.com/news-release/2023/06/08/2685133/0/en/Ethema-Reports-Updates-and-Extends-Forbearance.html
More news coming.
Get ready for explosion.
1 or the fastest growing OTC company.
$GRST
Real numbers from the last filing for a little context. Also consider that they borrow every quarter and are not making any payments on much of their debt which is now earning default interest of 24%, has had default penalties applied with a couple earning, what if referred to as, a $2000 monthly "monitoring" fee.
The $745K Leonite June note has been extended twice and today, June 8th, is the second date for the forbearance agreement. You can bet that Leonite is exercising their clause for default interest dating back to June 1st 2022 in those agreements. That would be one note now valued at over $1 million earning 24% interest that was exchanged for the $596K in Labrys debt. Note is secured by what is left of the company's assets that aren't already secured for debt.
Bottom line is that one can claim to be prosperous while living on their credit cards and not paying the minimum, but a some point you lose your house. The only path forward is to convince retail traders to to buy that debt because there really isn't much meat on the bone when it comes to equity from the assets. What will it take to convince retail traders to pour more money into this rabbit hole.
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%.
How many companies do you know are
- reporting regularly
-generating significant growing revenues
-making gross profit
but
-are trading at a multiplier of less than .3 times their revenues?
The original regulation "A" filing was October 14th 2022, almost 8 months ago. Normally a regulation "A" offering follows a reverse split with an offering price at roughly 50% of market. Those who buy into a regulation "A" offering don't hold those shares hoping that the price produces a profit. They immediately dump each tranche to take advantage of the spread. One would have to believe that this company is going to more than double the current share count at 3 times the current market price with this treatment center narrative in a market with very weak liquidity. It has been eight months and it could be that this offering for debt retirement may never be viable even with a reverse split.
The SEC is widening its war on toxic funders
Published on August 24, 2021
https://www.linkedin.com/pulse/sec-widening-its-war-toxic-funders-steve-taylor/
...it also increasingly utilized qualified Reg A offerings to acquire free-trading stock which they then dumped into the market without disclosure....
...This was a significant concern, as Reg A shares are immediately free-trading. That makes it much more attractive to many investors compared to restricted securities sold under Reg D exemptions, but it also is definitely more attractive to those looking to make a quick buck by breaking the law. This case demonstrates the SEC may not have been looking hard enough at the Reg A market for fraud, as certain financiers and funders have been scalping stock without disclosure in the filings....
...Section 17(b) of the Securities Act of 1933 requires anyone that is paid to promote a stock must disclose the amount of the payment and who paid them. This is probably the most violated SEC regulation, which is not a surprise as it is also the least enforced. Toxic funders routinely pay promoters to pump the stocks in which they are funding. ...
...To make money on their toxic convertible loan, these funders require volume to dump into. Lots of volume, because they have a lot of stock to sell. Thus the need for lots of promoters, most of whom are non-disclosing as telling the public they are getting paid to pump, and who paid them to do it, would scare even the most die-hard penny plunger away....
'the company will need retail donations to bail this situation out' ...
- The feds did announce 1 billion $$$ funding to help those in our situation (taking care of our type of patients). I wonder where this stands since the announcment ?
NOTWITHSTANDING THE ABOVE ...
'Massive dilution is on the way'
Effectively but if it goes as planned (announcment less than 2 months ago) someone will buy the 4,166,666,660 shares at the offered price 0f $0,0012 and the proceeds ($ 5,000,000) will be used to pay debt.
IF so ... Ongoing revenues and new finacials will justify a normal company value (market cap) of more than $12,000,000 (based on revenues of ONLY $1.3M/q and a multiplier of 10.
Assuming a O/S situation of 8,000,000,000 O/S that represents a pps of $0.0015 /s. (25% more than new shares purchased price)
Assuming our CEO looks at such a scenario, and waits for decisions to be made, why would he issue any kind of news ?
Personally I consider the business to be real, I assume our CEO has a plan and will continue to manage seriously the business, reporting regularly. On the otherhand, somme will keep working hard at disparaging the company and keeping the pps ridiculously low.
This being said, GRST is a high risk bet, offering large gain potential.
Stay positive. People may be realizing this is a rare OTC company making money. There are forces determined to hold the price down, and you can expect sales tomorrow. This stock is going to climb. The only question is this year or 2024
Actually the company started putting the debt back on in 2022 after they converted more than 1.5 billion shares in 2021. That is how it got pushed into the trip at the beginning of 2022. They have taken the debt that matured in 2022 and doubled it with the new notes that are now drawing penalties and interest of 24%. They have no choice because traders aren't buying the story anymore so the company isn't able to sell the stock. Littyle tricks like hiding the "Security and Pledge Agreement" doesn't help
Actually my posts are based on the direct words from the company primarily from the gleanings of the filings. The fact is that there is a regulation "A" offering in process, the company can't manage the debt, much of that debt is now drawing default penalties and 24% interest. Most who trade these stocks also understand that the current market liquidity is not going to get better and the company will need retail donations to bail this situation out. Seasoned traders won't touch a stock knowing that massive dilution is on the way with or without the reverse split.
GRST - Which means that Mr. Shawn Leon is working to Reduce the Debt Since 2022!....
***We have repeatedly indicated throughout the year that our dual goals were to grow the company and to manage and repay the debt we accumulated in previous years. In the next few months, we expect to make substantial progress on these goals with the new equity raise outlined in the filed form 1A ***
***https://otcbb.swingtradebot.com/equities/GRST:OTC
***https://markets.ft.com/data/equities/tearsheet/profile?s=GRST:PKC
***https://simplywall.st/stocks/us/healthcare/otc-grst/ethema-health
https://www.ariafl.com/
***<<We will continue to focus on growth while improving our balance sheet.>>
***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
That quote from the CEO was back in November 2022. Those who believe that a regulation "A" offering is good for shareholders will be broke soon. The fact is that if they aren't able to create some demand for their shares they will never get the offering sold. The buyers of the offering will want the ability to flip for a profit quickly.
I agree with you...thanks for the links!
GRST - You might get your Wish Sylvia....
***We have repeatedly indicated throughout the year that our dual goals were to grow the company and to manage and repay the debt we accumulated in previous years. In the next few months, we expect to make substantial progress on these goals with the new equity raise outlined in the filed form 1A ***
***https://otcbb.swingtradebot.com/equities/GRST:OTC
***https://markets.ft.com/data/equities/tearsheet/profile?s=GRST:PKC
***https://simplywall.st/stocks/us/healthcare/otc-grst/ethema-health
https://www.ariafl.com/
***<<We will continue to focus on growth while improving our balance sheet.>>
***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
Best Of Luck
janet
GRST - ***How to Buy Penny Stocks***
The OTC Stocks Being Less Regulated they are subject to Scare Tactics and Manipulation!.......
***Once you've learned to dodge the scammers, there are five steps to follow when purchasing a penny stock.
It's important to evaluate whether the stock has upside potential. You're investing because you'd like to get a return, right? So you need to ask yourself whether the penny stock you're considering truly has upside potential, or if it seems more to be a flavor-of-the-day stock, such as a company that's trying to ride the coattails of the latest investment fad.
***The Bottom Line
Penny stocks are extremely volatile and speculative by nature. As most trade on OTC exchanges or via pink sheets, where listing standards are lax, penny stocks are susceptible to manipulation and fraud. Still, the potential to make large returns is a strong allure, driving risk-taking investors into taking positions in these securities. Though many penny stocks go bust, if an investor exercises careful fundamental analysis and picks sound management teams, they could find the coveted diamond in the rough.
Hard to say what today was. Could just be that they found the ask thin and did a test to see if the bid would fill in. Anyone wanting to sell into the bid today found it lacking because it didn't fill in and an indication that real demand isn't there. We probably won't hear anything until the end of August about what happened in Q2.
I think OTC retail traders have tired of these toxic lenders like Leonite taking their money with their manipulation. A lot of these OTC retail gamblers of old went to crypto and now are playing around with sports gambling which has seen heavy volume lately. At least with sports gambling there is more truthful information available and luck does play a role. These stinky pink companies in the OTC are just taking your money. Make no mistake, these companies are simply lousy gambling vehicles and are never to be considered investments by retail traders.
Thanks, thats thats good one!
What did an average kilo of rice sell for in China today?
GRST - An Italian saying: Se sono Rose fioriranno
English Translation: If are Roses they will Blossoms
Un Sorriso
janet
I want to beleive so....fingers crossed....
GRST - Wondering If someone knows something......Like Mr. Shawn Leon has some Good News coming and this is a Beginning of a Reversal???....We shall see???....
You are welcome! hope it continues!
Wow...great post!
GRST - Mr. Shawn Leon is Positive Going Forward....
***We have repeatedly indicated throughout the year that our dual goals were to grow the company and to manage and repay the debt we accumulated in previous years. In the next few months, we expect to make substantial progress on these goals with the new equity raise outlined in the filed form 1A ***
***https://markets.ft.com/data/equities/tearsheet/profile?s=GRST:PKC
***https://simplywall.st/stocks/us/healthcare/otc-grst/ethema-health
***Post it By declaes: Post # 46811 - Wednesday, May 03, 2023 1:58:03 PM***
***DO YOUR OWN DD***
https://capedge.com/filing/792935/0001903596-23-000263/GRST-10K-2022FY
https://capedge.com/filing/792935/0001903596-22-000804/GRST-10Q-2022Q3
https://capedge.com/filing/792935/0001903596-22-000529/GRST-10Q-2022Q2
https://capedge.com/filing/792935/0001903596-22-000301/GRST-10Q-2022Q
============================================================
*** NO R/S - Post #46660 - ***
***GRST don't need a split and is not planning a split. Not for this offering, not on the near future***
***Nothing is IMPOSSIBLE!- Post #46824-***
https://m.facebook.com/story.php?story_fbid=pfbid0384zmAatZnTUzVhjkBMxiaSto25kuvLVWaDKCNCPMCqFGeP6h68jyFEt7zbVwEFfXl&id=100063477483736&sfnsn=mo
===============================================================
***GlobeNewswire***
Ethema Posts Strong Year End Results
Ethema Health Corporation- April 4, 2023
.https://nz.finance.yahoo.com ›
***Drug Rehab West Palm Beach, FL | ARIAhttps://www.ariafl.com
***We will continue to focus on growth while improving our balance sheet***
***The Company growth is real and the elimination of variable rate debt is real***
***Please see Post #42737 & 42751 Interesting Reply from The CEO***
GRST - https://fb.watch/bN-wNMFvWg/
https://t.co/5GwitXravc $GRST
***Time Will Tell the Story!
Back to the silly short squeeze narrative. LOL Once they finally split the stock it will become a short sell opportunity in my opinion because the regulation "A" offering will begin to dilute the crap out of this. Anyone shorting this will wait because this company does absolutely nothing in a timely way. They have been paying default interest and penalties on two very short term Leonite notes for a year now so they could easily just keep doing nothing. The second forbearance date for the huge June 2022 Leonite note is June 8th, this week.
For the quarterly period ended March 31, 2023
https://www.otcmarkets.com/filing/html?id=16673787&guid=CFu-kFXCNXKfJth
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.
GRST - 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 98.5% below our estimate of its fair value
***Became Profitable this year
***SimplyWallStreet***
https://simplywall.st/stocks/us/healthcare/otc-grst/ethema-health - ***From Post #46312***
***Financial Times***
***https://markets.ft.com/data/equities/tearsheet/profile?s=GRST:PKC
***Income statement (USD)
Year on year Ethema Health Corp grew revenues 148.16% from 1.94m to 4.82m while net income improved from a loss of 1.54m to a gain of 247.88k.
***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.
==============================================================
Good morning LOVE*PINK, Thank You!- Always nice to here from you!
Wishing you the very Best
Best of Luck
janet
A fortunate few are still able to exit their 5s before the regulation "A" offering dump. Offering means immediate massive dilution that won't happen until they get a split done. I'm thinking that the May 4th refiling would need to be qualified, but I do not know for certain.
Meanwhile the debt that is earning default interest of 24% with fees just keeps piling up. The 2022 Leonite debt alone earning default interest would be in excess of $1million. If they could get a successful walkup here and get the huge bid to move from the 3s to the 4s they could get a good dump before the split. This fun to watch. That is when they finally decide to do something. Many lessons can be gleaned from the press release manipulation.
Regulation "A" Offering 1-A POS
https://www.otcmarkets.com/filing/html?id=16623154&guid=lmT-k6Nt6F_Udth
The SEC is widening its war on toxic funders
Published on August 24, 2021
https://www.linkedin.com/pulse/sec-widening-its-war-toxic-funders-steve-taylor/
..it also increasingly utilized qualified Reg A offerings to acquire free-trading stock which they then dumped into the market without disclosure....
...This was a significant concern, as Reg A shares are immediately free-trading. That makes it much more attractive to many investors compared to restricted securities sold under Reg D exemptions, but it also is definitely more attractive to those looking to make a quick buck by breaking the law. This case demonstrates the SEC may not have been looking hard enough at the Reg A market for fraud, as certain financiers and funders have been scalping stock without disclosure in the filings....
...Section 17(b) of the Securities Act of 1933 requires anyone that is paid to promote a stock must disclose the amount of the payment and who paid them. This is probably the most violated SEC regulation, which is not a surprise as it is also the least enforced. Toxic funders routinely pay promoters to pump the stocks in which they are funding. ...
...To make money on their toxic convertible loan, these funders require volume to dump into. Lots of volume, because they have a lot of stock to sell. Thus the need for lots of promoters, most of whom are non-disclosing as telling the public they are getting paid to pump, and who paid them to do it, would scare even the most die-hard penny plunger away....
$GRST> MILLIONS IN REVENUE. BILLIONS IN NAKED SHORTS.
$GRST WILL BE TOP STOCK TO MAKE MULTI MILLION DOLLAR GAINS.
$GRST ARIA - MUST SEE.
https://www.ariafl.com/
https://ethemahealth.com/
https://www.otcmarkets.com/stock/GRST/financials
$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
Looked for evidence of a letter of intent for acquisition in the last filing. All that I found was a $50K deposit paid toward the existing facility. It will be a long time before we see the Q2 filing to see what is really going on. Last year it wasn't released until August 15th.
For the quarterly period ended March 31, 2023
https://www.otcmarkets.com/filing/html?id=16673787&guid=OGT-kpYMRb9mB3h
Liquidity and Capital Resources
Cash used in investing activities was $102,418 and $72,858 for the three months ended March 31, 2023 and 2022, respectively. In the current period we invested in leasehold improvements and furniture and fittings to increase capacity at our Evernia facility, and paid an additional deposit of $50,000.
Ethema Posts Strong Year End Results
April 04, 2023 07:55 ET
| Source: Ethema Health Corporation
https://www.globenewswire.com/en/news-release/2023/04/04/2640560/0/en/Ethema-Posts-Strong-Year-End-Results.html
The Company has entered into a definitive agreement for the acquisition of the target Company it previously announced it was working on. A deposit has been posted with an escrow agent pending the final due diligence to be completed mid-May with a final closing date set for July 1, 2023. The Company will provide more details when the agreement goes firm after final due diligence. The company is located outside of Florida in the South Eastern United States.
Latest filing for the lawsuit dated May 26th below. Apparently the company has settled the suit through mediation. Who paid, and will they actually, finally, disclose it in a filing? It looks to me like this is what has been holding things up. We should see a press release about the debt deals for assets and a move to finally, finally, finally, make the regulation "A" offering viable. The only way that they will be able to convince investors to buy those offering shares is to demonstrate that they can be unloaded onto retail traders. Those retail traders won't buy unless they believe they can flip the shares for a profit. That will take a massive reverse split resulting in a low outstanding share count and a much better narrative than another losing treatment center deal in my opinion. Things should move along now with this mediation result and they need cash badly.
What could be good news is what is in the latest filing for the wrongful death lawsuit dated May 25th. It would appear that Behavioral Health Holdings, Inc.(BHHI) which in turn changed its name to American Treatment Holding Inc (ATHI), the current holding company for the Evernia Treatment center, has been dropped from the lawsuit "with prejudice" (means permanently).
It still leaves Peace of Mind Counseling Services Inc., a Florida Profit Corporation d/b/a Evernia Station as one of the two defendants. We still have the document that Shawn Leon has signed off as the CEO of this business entity, Peace of Mind Counseling Services Inc, with the "registered agent" listed as Behavioral Health Holdings, Inc.(BHHI). Could be that they are simply cleaning up the filing.
Worthy of note is that the defendant that is actually be accused of violating the Florida statutes is Transformations Treatment Center, Inc. A comment from Shawn Leon the CEO of Ethema Health (GRST) would clear this up rather quickly. Select images below to enlarge.
Search as a guest using the case number - look under "Dockets and Documents" go to page 8 of the documents
Welcome to eCaseView, the Clerk of the Circuit Court & Comptroller’s free court records search.
https://appsgp.mypalmbeachclerk.com/eCaseView/landingpage.aspx
Wrongful Death Lawsuit - status: Open
Case Number : 50-2021-CA-002289-XXXX-MB or CASE NO.: 502021CA002289 AN
02/19/2021 - STRICKLIN, MARK V BEHAVIORAL HEALTH HOLDINGS INC
05/23/2023 MOTION PLAINTIFF'S MOTION FOR LEAVE TO AMEND COMPLAINT
2. Undersigned counsel has learned through discovery and investigation that Defendant
TRANSFORMATIONS may have violated multiple Florida criminal statutes and 2
new counts need to be added against that Defendant related to the alleged criminal
conduct.
45. Florida's Patient Brokering Act broadly prohibits offering or paying any
"commission, benefit, bonus, rebate, kickback, or bribe, directly or indirectly, in cash or in kind" or
engaging "in any split-fee arrangement, in any form whatsoever, to induce the referral of a patient
or patronage to or from a health care provider or health care facility." Fla. Stat. § 817.505(l)(a)
46. The statute also prohibits soliciting or receiving any such commission, as well as
aiding or otherwise participating in conduct prohibited by the statute. See id. § 817.505(l)(b)—(d)
49. By paying for transportation to their facility, Defendant TRANSFORMATIONS was
in violation of § 817.505, Florida Statutes, also referred to as the Florida Patient Brokering Act for
this felony conduct.
On what basis would anyone be buying? The very best scenario for the company is to finally get the regulation "A" offering rolling. Anyone who has got caught holding while an offering converts understands what happens. How is the massive dilution for debt benefit current shareholders? This is getting worse by the day and the fact that they have gone silent after the Q1 means that they can't get it together once again. They have $400K in the refundable deposit for the property that they will NEVER actually buy that they can tap to feed the bleeding for another quarter. Even the best OTC prospects aren't able to convert equity for capital in this market.
Ethema Health Regulation "A" offering
https://www.otcmarkets.com/filing/html?id=16623154&guid=ZRT-kFZ0QRA5dth
...(the “Company,” “Ethema,” “we,” “us,” and “our”), is offering up to 4,166,666,660 shares (“Shares”) of its common stock, par value of $0.01 per share (“Common Stock”) sold in Units of 100 Shares of Common Stock (“Units”) on a “best efforts” basis...
GRST - Selling 100 Shares at 000.4.... Someone is really SPITEFUL....
DATE TIMESTAMP PRICE $ CHANGE VOLUME
05/31/2023 09:47:05 -0.0004 - 0.00 -.......100
05/31/2023 09:30:00 -0.0005- 0.00 - 100,000
05/31/2023 09:30:00 -0.0005- 0.00 - 330,000
***https://ih.advfn.com/stock-market/USOTC/demand-brands-pk-GRST/trades
Thanks, Janet, today is good day.
GRST - Link to the trades.....
https://ih.advfn.com/stock-market/USOTC/demand-brands-pk-GRST/trades
I have tinkered around with the West Palm Beach circuit court website a bit more and found that it appears that the rabbit hole goes much deeper. It has been my belief for many months that shareholders here were screwed but this latest finding suggests to me that the note holders for this company may have been duped as well.
We have established that Peace of Mind Counseling Services Inc., the defendant in the wrongful death lawsuit was held Behavioral Health Holdings, Inc.(BHHI) which in turn changed its name to American Treatment Holding Inc (ATHI) a month after the alleged wrongful death event in 2019. American Treatment Holding Inc (ATHI) is the holding company for treatment center Evernia Health previously referred to by the Ethema Health (GRST) as Addiction Recovery Institute of America, LLC (ARIA). Ethema Health ($GRST) claims 75% ownership of this treatment center. Everyone still with me?
Back to doing business as Peace of Mind Counseling Services Inc. I found another case against this company registered under the name Q Health Services, Inc. The case resulted in a judgement against Peace of Mind Counseling Services Inc of more than $1.3 million. The date of this judgement was July 2020. In the link to the document for name change below you will find Behavioral Health Holdings, Inc.(BHHI) becoming American Treatment Holding Inc (ATHI), complete with the business name Evernia Health Center LLC, and signed off as CEO is Lawrence Hawkins. Fast forward to March 2023 and you will find that the annual for Peace of Mind Counseling Services Inc. is signed off as CEO by Shawn Leon, the CEO of Ethema Health (GRST).
So with the connection that I have made it appears that references to Peace of Mind Counseling Services Inc, Behavioral Health Holdings, Inc.(BHHI), American Treatment Holding Inc (ATHI), Q Health Services, Inc, Addiction Recovery Institute of America, LLC (ARIA), all involve Lawrence Hawkins and the current treatment center named Evernia Health Center LLC of which Ethema Health (GRST) claims 75% ownership. Why during 2020 they are still using the name Behavioral Health Holdings, Inc.(BHHI) is a mystery to me. Also a mystery is why Ethema Health (GRST) uses both BHHI and ATHI in the 2020 Q1 filing, text included below.
So back to the start concerning the current note holders and what they knew during this period in 2020. Did the note holders with options for direct ownership of shares of the holding company American Treatment Holding Inc (ATHI) to secured the debt know that Behavioral Health Holdings, Inc.(BHHI), who apparently is American Treatment Holding Inc (ATHI), had a judgement in excess of $1.3 million against it? If all of this connection is valid, did Shawn Leon do his due diligence before committing Ethema Health ($GRST) to this venture?
BEHAVIORAL HEALTH HOLDINGS, INC (BHHI) Name Change to AMERICAN TREATMENT HOLDINGS INC (ATHI) August 8th 2019.
http://search.sunbiz.org/Inquiry/CorporationSearch/ConvertTiffToPDF?storagePath=COR%5C2019%5C0911%5C33356023.Tif&documentNumber=L19000024560
Enter website as guest > copy and paste the case number > open case > select tab named dockets & documents.
BOYNTON PARTNERS LLC V PEACE OF MIND COUNSELING SERVICES INC
CASE NUMBER: 50-2019-CA-006523-XXXX-MB
West Palm Beach Circuit Court
https://appsgp.mypalmbeachclerk.com/eCaseView/landingpage.aspx
For the quarterly period ended March 31, 2023
https://www.otcmarkets.com/filing/html?id=16673787&guid=y1T-kHcGm-XrcLh
17. Commitments and contingencies
a. Options granted to purchase shares in ATHI
On July 12, 2020, the Company entered into a five year option agreement with Leonite Capital LLC (“Leonite”) and other investors (collectively the “Transferees”). The Company agreed to sell to Leonite a portion of the total outstanding shares of ATHI from the shares of ATHI held by the company. The Company provided Leonite an option to purchase 4,000,000 shares of ATHI from the Company for a purchase consideration of $0.0001 per share (a total consideration of $400), based on the advances that Leonite made to the Company totaling $396,000. Leonite shall share in all distributions by ATHI to the Company, on an as exercised basis, equal to the advances made by Leonite to the Company, thereafter the option will be reduced to 50% of the shares exercisable under the option.
On September 14, 2020, the Company entered into a five year option agreement with Ed Blasiak (“Blasiak”) whereby the Company agreed to sell to Blasiak a portion of the total outstanding shares of ATHI. The Company provided Blasiak an option to purchase 571,428 shares of ATHI from the Company for a purchase consideration of $0.0001 per share (a total consideration of $57), based on the advances that Blasiak made to the Company totaling $50,000. Blasiak shall share in all distributions by ATHI to the Company, on an as exercised basis, equal to the advances made by Blasiak to the Company, thereafter the option will be reduced to 50% of the shares exercisable under the option.
On October 29, 2020, the Company entered into a five year option agreement with First Fire whereby the Company agreed to sell to First Fire a portion of the total outstanding shares of ATHI. The Company provided First Fire an option to purchase 1,428,571 shares of ATHI from the Company for a purchase consideration of $0.0001 per share (a total consideration of $143), based on the advances that First Fire made to the Company totaling $120,000. First Fire shall share in all distributions by ATHI to the Company, on an as exercised basis, equal to the advances made by First Fire to the Company, thereafter the option will be reduced to 50% of the shares exercisable under the option.
On October 29, 2020, the Company entered into a five year option agreement entered into with Bauman, so that the Company agreed to sell to Bauman a portion of the total outstanding shares of ATHI. The Company provided Bauman an option to purchase 1,428,571 shares of ATHI from the Company for a purchase consideration of $0.0001 per share (a total consideration of $143), based on the advances that Bauman made to the Company totaling $120,000. Bauman shall share in all distributions by ATHI to the Company, on an as exercised basis, equal to the advances made by Bauman to the Company, thereafter the option will be reduced to 50% of the shares exercisable under the option.
For the quarterly period ended March 31, 2020
https://www.otcmarkets.com/filing/html?id=14411621&guid=y1T-kHcGm-XrcLh
16. Subsequent events
On June 30, 2020, the Company entered into an agreement whereby the Company will acquire 51% of American Treatment Holdings, Inc. (“ATHI”) from The Q Global Trust (“Seller”) and Lawrence B Hawkins (“Hawkins”), which in turn owns 100% of Peace of Evernia Health Services LLC. (“Evernia”), which operates drug rehabilitation facilities. The consideration for the acquisition is a loan to be provided by the purchaser to Evernia in the amount of $500,000. As of June 30, 2020, the Company had advanced Evernia approximately $98,000 including accrued interest thereon and the Company has agreed to advance an additional amount of approximately $202,000 (“the First Tranche”) within a reasonable time of concluding the loan agreements. The timing of the balance of the advance of approximately $200,000 will be mutually agreed upon between the parties.
The Company has a 180 day option from the advancement of the First Tranche to purchase an additional 9% of ATHI for a purchase consideration of $50,000, payable to the Seller.
On June 30, 2020, the Company entered into an agreement whereby the Company will acquire 51% of Behavioral Health Holdings, Inc. (“BHHI”) from The Q Global Trust (“Seller”) and Lawrence B Hawkins, which in turn owns 100% of Peace of Mind Counseling Services, Inc. (“PMCS”), which operates drug rehabilitation facilities. The consideration for the acquisition is still to be determined.
The Company has a 180 day option, from the advancement of the first tranche to Evernia, to purchase an additional 9% of BHHI for a purchase consideration still to be determined, payable to the Seller.
Lawrence Hawkins may be a new name for many. I detailed who he in in a couple of posts one which involves a complaint that he was demanding too much for commission for funds raised for the treatment center start-up. Quite the tangled web.
Lawrence Hawkins Post
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171703049
Lawrence Hawkins Post Regarding Commission Complaint
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171957689
GRST - ENOUGH IS ENOUGH!!!.....I am Not going to reply to you any more!!!
The website that you reference looks at a lot of stocks in a general manner in my opinion and likely do not investigate entities like subsidiaries. It is difficult to unwrap this subsidiary because so many names are being used to represent the same treatment center business. In fact, up until recently the treatment center was referred to as Addiction Recovery Institute of America, LLC (ARIA).
The same annual filing document for Peace of Mind Counseling Services, Inc for April 2022, is signed of at the bottom by Lawrence Hawkins as CEO and not Shawn Leon. Source for the documents is below, links are at the bottom of the page.
Sunbiz.org
http://search.sunbiz.org/Inquiry/corporationsearch/SearchResultDetail?inquirytype=EntityName&directionType=Initial&searchNameOrder=PEACEMINDCOUNSELINGSERVICES%20P130001015170&aggregateId=domp-p13000101517-abfd034b-bcb7-47a3-a2dd-f52986d014a2&searchTerm=PEACE%20OF%20MIND%20CONSULTING%20SERVICES%20L.L.C.&listNameOrder=PEACEMINDCONSULTINGSERVICES%20L190000090550
GRST - I do not well understand everything........I am "Questioning" why it seem that it is not relevant to these Accredited Financial Analyst to take this Matter into Consideration???....Maybe they are two Separate Things and Not Related???......
***SimplyWallStreet***
https://simplywall.st/stocks/us/healthcare/otc-grst/ethema-health - ***From Post #46312***
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***Financial Times***
***https://markets.ft.com/data/equities/tearsheet/profile?s=GRST:PKC
***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.
Here is an interesting twist. The last document in the case filed May 23rd 2023 has distilled the defendant to be Peace of Mind Counseling Services Inc. d/b/a Evernia Station. This is the name of the company at the time of the incident.
Who is Peace of Mind Counseling Services Inc? They are Behavioral Health Holdings, Inc. who changed their name to American Treatment Holding Inc (ATHI) in August 2019, one month after the alleged wrongful death incident. The Evernia (ARIA) treatment center shares are held by American Treatment Holding Inc (ATHI). All entiites have the treatment center address of 950 Evenia street.
An interesting document dated March 2023 filed as" 2023 FLORIDA PROFIT CORPORATION ANNUAL REPORT" has the names Peace of Mind Counseling Services Inc, Behavioral Health Holdings, Inc, Lawrence Hawkins. At the bottom of this document is the CEO Shawn Leon "Electronic Signature of Signing Officer/Director Detail" dated 03/09/2023. Why is Shawn Leon, the CEO of Ethema Health (GRST), signing off on the annual for Peace of Mind Counseling Services Inc? Click on image to enlarge or simply use the link to the document.
BEHAVIORAL HEALTH HOLDINGS, INC (BHHI) Name Change to AMERICAN TREATMENT HOLDINGS INC (ATHI) August 8th 2019.
http://search.sunbiz.org/Inquiry/CorporationSearch/ConvertTiffToPDF?storagePath=COR%5C2019%5C0911%5C33356023.Tif&documentNumber=L19000024560
Search as guest > copy and paste case number >
https://appsgp.mypalmbeachclerk.com/eCaseView/landingpage.aspx
Wrongful Death Lawsuit - status: Open
Case Number : 50-2021-CA-002289-XXXX-MB
02/19/2021 - STRICKLIN, MARK V BEHAVIORAL HEALTH HOLDINGS INC
MARK STRICKLIN, as the Personal
Representative of THE ESTATE OF SETH
CONNOR STRICKLIN, Deceased,
Plaintiff,
vs.
PEACE OF MIND COUNSELING
SERVICES, INC., a Florida Profit
Corporation d/b/a EVERNIA STATION;
TRANSFORMATIONS TREATMENT
CENTER, INC., a Florida Profit
Corporation
http://search.sunbiz.org/Inquiry/CorporationSearch/GetDocument?aggregateId=domp-p13000101517-abfd034b-bcb7-47a3-a2dd-f52986d014a2&transactionId=p13000101517-cf56f41b-6590-4948-863a-2acf3333fb6c&formatType=PDF
Entity Name: PEACE OF MIND COUNSELING SERVICES, INC
Name and Address of Current Registered Agent:
BEHAVIORAL HEALTH HOLDINGS, INC.
950 EVERNIA STREET
WEST PALM BEACH, FL 33401 US
SIGNATURE:
Electronic Signature of Registered Agent Date
Officer/Director Detail :
I hereby certify that the information indicated on this report or supplemental report is true and accurate and that my electronic signature shall have the same legal effect as if made under
oath; that I am an officer or director of the corporation or the receiver or trustee empowered to execute this report as required by Chapter 607, Florida Statutes; and that my name appears
above, or on an attachment with all other like empowered.
SIGNATURE:
Electronic Signature of Signing Officer/Director Detail Date
LAWRENCE HAWKINS
FILED
Mar 09, 2023
Secretary of State
7262851910CC
SHAWN LEON CEO 03/09/2023
2023 FLORIDA PROFIT CORPORATION ANNUAL REPORT
No
03/09/2023
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