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''Lawsuit is over a slip and fall incident.''. I assume you hint that Leon operates with no insurances whatsoever ???
''Everything he has posted has been the truth.'' Effectively since all he posts covers historical data. Whenever he tries to predict something, it doesn't happen. Dilution being the best example. If half his prediction had materialized, Grst would not even be traded anymor.
500 beds in 2 years are way beyond the capabilities of Leon. What happened to the 178 total beds? Yes, that's right, he failed miserably at expansion and sold all those beds off other than the 68 he is trying to hold onto. Even a novice trader can see through the thick cloud of fluff and bullshit. Maybe this was just an attempt to create another P&D, if so, he failed again.
And who are you focusing on? 😆
Only saying Bubae lost about all his money in the stockmarket and is now a frustrated basher on the stocks he lost on.
It's beter to follow Stervc or declaes or... a lot of people making good money. Even in the bearmarket the last 3 years, but for sure the past 3 months.
Looking forward to the stocksummer!
❓️❓️❓️ GRST - For what Reason You Post Again Tonight About The Law Suit .....
***Not Being a Shareholder....What are you trying to Accomplish???......
❓️❓️❓️You did Post about The Law Suit Last Year.....And....
***Where are the Proof that he has been Accused???.....
*** The presumption of innocence entails two essential elements, namely (1) that an accused must be proven guilty beyond a reasonable doubt, and (2) that the Crown bears the burden of establishing such guilt
***From The Filing: ***On The Legal Proceeding The Company Is Saying:
👀***We are currently not involved in any litigation that we believe could have a material adverse effect on our financial condition or results of operations. There is no action, suit, proceeding, inquiry or investigation before or by any court, public board, government agency, self-regulatory organization or body pending or, to the knowledge of the executive officers of our company or any of our subsidiaries, threatened against or affecting our company, our common stock, any of our subsidiaries or of our companies or our subsidiaries’ officers or directors in their capacities as such, in which an adverse decision could have a material adverse effect.
http://archive.fast-edgar.com/20230522/A72SN22C7222A9Z2222R2ZYYFAAJZ222B252/
Update for the premises liability lawsuit. The complaint was amended on December 7th 2023 and summons issued the same day. The defendant is no longer Addiction Recovery Institute of America (ARIA) but rather the Evernia Treatment center itself. Still no disclosure to shareholders though Ethema Health (GRST) claims 75% ownership of this entity. Lawsuit is over a slip and fall incident.
June post with information about the premises liability lawsuit
Bubae
Re: None
Thursday, June 22, 2023 11:19:34 PM
Post# 47288
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172194440&txt2find=burger%20king
Why do you continue to lie. Everything he has posted has been the truth.
You should focus on GRST and not on a posters gains or loses on an unrelated stock.
Closing at 0003 demonstrate that yesterday presentation did not help at all. Leon will have to find capital from someone prepared to take a measured risk, investing in a great business needing cash to grow from a good base after somewhat reducing the debt up front.
THE QUESTION: Can Leon be/find/partner with such an investor ??? We shall see but his story is much better than it was even 18 months ago.
Naybe (just maybe) Leon knows that thisis not the way to do it and it explains why it has remained a plan for more than 1 year up to now. If Leon execute it within the nexr year, I'm sure he will not rush into doing it in a suicidal way.
''quoting the filings complete with links'' and playing this historian is one thing, INTERPRETING THEM SUBJECTIVELY in view of disparaging the company and its leader is quite another thing.
I effectively bought my 1st shares here in on 2020-10-18 (100,000 shares at $ 0,0049) traded them for over 1 year, reducing my net cost and accumulating millions of shares. From october 2021 I stop playing with it but did ride my shares having a net cost more or less 10 times current PPS.
As I said it went from a ''toy to play with'' to ''a long shot bet'' to what it is currently a bet that may very well become a small ''investment'' (I said MAY).
Let's see what the future will be ... You know as much as any of us about it (future) then stop being affirmative making up scenarios that fit your wishes ... for whatever hidden reason you have.
You see. The bullshit is dripping off your post!
You can't even make money on the only stock you own. Your 1500 OMID dollar are now only 900 euro worth.
This, after all the lost you already made in the past 5 years..
I would feel pity for you, but with all the BS you post I can only hope you even lose your last 900 euro.
I think that conference call pretty much communicates the state of affairs here. Until they get retail buying again that offering is dead. Those who subscribe to that offering will get them at a discount to market and immediately sell them as soon a feasible. You should load up now and get ahead of the game! 🤣 That regulation "A" offering was originally filed in October 2022 and has been a cloud over this ticker since. Shawn Leon may even get around to actually doing it this year. 🙄
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....
It looks to me that you don't understand how a regulation "A" offering is working...
I guess you are not making much money in the stock market. 😂
But hey, gltu
A regulation "A" offering is not an imagined scenario. The offing is real and qualified by the SEC. I have a history going back years of posts quoting the filings complete with links, so no imagination needed. Nothing subjective either, for those new go back to say November 2023 and back for years of actual due diligence from the filings with links. This stock has been a disaster and soon those holding the nearly 4 billion shares will have their losses solidified by the reverse split. Stay tuned. Paul has been talking this ticker up before I showed up in 2021.
pual
Re: None
Monday, March 01, 2021 11:10:22 AM
Post# 26236 of 49568
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=162227419
The company is desperate for cash that it continues to loan it’s accounts receivable at 25% discounts to current value. But they do repay the amount of course with interest.
''It isn't about the bed counts.''
Once again you prove you can't even read right ... I wrote: As for the expectations mentionned (500 beds, ;;;) let's prove we can walk before promissing we will run.
You interpret that I was saying that 'it was about bed count ???
You are only able to IMAGINE negative scenarios, obviously justified by a personal anger toward Leon. Trying to make yourself look smart thru subjectively negative analysises, you really achieve the opposite, sounding like a stupid JA on a destructive mission.
Get a life, put your anger away and forget about GRST.
Even better, get barred from our board altogether.
1- $7,000,000 / $ 0,0012 is more or less 5,833,000,000 shares (there are still more than 6,000,000,000 A/S available.
2- Leon doesn't have to ELIMINATE the debt but he needs to seriously reduce it (let's say $2,500,000 less)
3- Leon can using these remaining A/S also get $2,500,000 to finance his expansion.
4- This being done, he now would have a balance sheet showing $2,500,000 less liabilities and $2,500,000 more assets and a starting P&L statement showing close more than $5,500,000 yearly revenues TO START WITH.
5- The above would give the required credibility for his plan for growth (at least partly initially) and would attrack new shareholders.
6- Bottom line, the above being done, the market value of the company could easily become 3+ times the current revenues ($16,500,000)
7- Even considering that small a multiplier, the new 9,750,000,000 O/S woud be worth more or less $ 0,0017 an up front gain of 40%+ for the new investor(s)
Thereafter, and thereafter only, should any R/S discussion and up listing expectation be dreamed of before at least having operated in the above created context, short term relative to R/S and 1 or more year before uplisting.
The plan makes sense but, Insertion of new capital is THE KEY ... Reg A and/or a/some new large investors must be THE FIRST STEP toward Leon's plan. Short of that, the future is not even worth mentionning.
Yes, the debt is a heavy weight on Grst, holding the sp in the trips. My statement that the debt is friendly and is not a problem, was a sarcastic one, just repeated what Shawn Leon said.
It isn't about the bed counts. When they had as many as a reported 174 beds it was a disaster. That large facility closed in January 2020 and is responsible for the debt that exists today and that which has been converted into the nearly 4 billion outstand shares. This is an expensive business model that has had it day in my opinion. Two closed treatment centers and the current one that stays afloat with Ethema Health (GRST) borrowing. Again the current treatment center has its own identity, its own share structure largely owned by others.
June 07, 2018 09:27 ET
https://www.globenewswire.com/en/news-release/2018/06/07/1518496/0/en/Ethema-Expands-into-174-Bed-Florida-Facility.html
Mr. Shawn Leon, president and CEO of the Company, said, "It has taken us longer than we anticipated to be able to move forward with this jewel of a property, but we are now well underway with our licensing to be able to offer a full continuum of care to our clients in one location.
The potential is significant enough that it will support the previously announced intention of up-listing the Company to a more senior exchange and completing a sponsored underwriting in conjunction with the up-listing.
This Property will be the catalyst to growth and prosperity for many years to come and we look forward to establishing ourselves as leaders in the treatment industry.”
Ethema Working on Acquisition Financing and Debt Reduction for 1st Quarter
January 16, 2020 15:31 ET
https://www.globenewswire.com/en/news-release/2020/01/16/1971711/0/en/Ethema-Working-on-Acquisition-Financing-and-Debt-Reduction-for-1st-Quarter.html
The Company has agreed to vacate its existing West Palm Beach property by January 31, 2020. The Company is continuing to negotiate with a local Florida operation to be able to move its operations but has not yet reached any agreements.
The termination of the operation in West Palm Beach will dramatically reduce the negative cash flow of the Company and allow it to focus on cleaning up the debt on the balance sheet as it works towards completing the acquisition.
🍀GRST Mr. Shawn E Leon -PRESIDENT, CHIEF EXECUTIVE OFFICER, CFO & DIRECTOR
👀 Shawn E. Leon is a Canadian businessperson who has been the head of 8 different companies.
👀Presently, he holds the position of President, Chief Executive Officer, CFO & Director at Ethema Health Corp. Mr. Leon is also on the board of Sparta Capital Ltd.
👀In the past he was President of Leon Developments Ltd., President for Port Carling Inn Developments Ltd., President for Locks Developments Ltd., President at JLeon Developments Ltd., President at 1816191 Ontario Ltd., President of 1816191 Ontario Ltd. and President of Greenestone Clinic Muskoka Inc.
Shawn E. Leon received an undergraduate degree from Wilfrid Laurier University.
=======================================================
🍀 ARIA - https://www.ariafl.com/
"Mr. Shawn Leon, Company CEO, reported, "The closing of this deal is the result of a lot of hard work and effort and has directly benefited our shareholders. It is a huge improvement in the overall health of the Company. We have managed to keep our issued common stock static since March 2, 2022, which was difficult given the large amount of convertible debt we carried throughout that time. This real estate deal has eliminated a lot of debt, including all variable rate convertible debt and the Company is now free to focus on growth."
***The Company growth is real and the elimination of variable rate debt is real.
***Please READ Post #42737 & 42751 - Interesting Reply from The CEO!
👀 WEST PALM BEACH, FL , Aug. 11, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Ethema Health Corporation (OTCPINK: GRST) (“Ethema”, “GRST” or the “Company”) filed an 8-K today reporting on the real estate transaction that closed August 4, 2023 and the history of agreements that led to the final closing. The net result of all the transactions on the company financial statements will be reflected in part on the Q2 filing and the balance on the Q3 filing.
Mr. Shawn Leon, Company CEO, reported, “The closing of this deal is the result of a lot of hard work and effort and has directly benefited our shareholders. It is a huge improvement in the overall health of the Company. We have managed to keep our issued common stock static since March 2, 2022, which was difficult given the large amount of convertible debt we carried throughout that time. This real estate deal has eliminated a lot of debt, including all variable rate convertible debt and the Company is now free to focus on growth.”
.https://nz.finance.yahoo.com ›
GRST - https://fb.watch/bN-wNMFvWg/
https://t.co/5GwitXravc $GRST
''no “real” catalyst countdown for a little while ... if they can do as they want, this will be one to surprise most in how fast it will climb.''
We are kind aggreeing. We may (?) have hit the bottom and if they can do as they want (solve the debt to start with, friendly or not) we should get in serious money.
As for the expectations mentionned (500 beds, NY stock exchange, ...) let's prove we can walk before promissing we will run.
Leon has proven he is serious and has made a lot of progress in the last few years but he now needs to prove he can put the company in a good financial situation to grow from.
Nice review. I however believe the debt (friendly or not) is the boat anchor keeping our market value close to zero ( + or - 1,5 M$ against revenues of + or - 5 M$
☯️GRST - NEVER SAY NEVER!.... Even Genius have been Criticized???.....
***One of the characteristics of the entrepreneur is the courage to dare and not be afraid of failure. The desire to succeed and yet the readiness to cope with challenges is a basis for the entrepreneur on his path to success.
***Entrepreneurs who succeeded after failure***
*Steve Jobs: Fired by the company he helped found. ...
*Arianna Huffington: Multiple rejections before she found success. ...
*Thomas Edison: Deemed too stupid to learn anything. ...
*Walt Disney: Failed production company and labeled as lacking creativity. ...
*Fred Smith: A failing grade for FedEx.
***What shall we call someone that Relentlessly Keeps Denigrating a Company???.......... Lololol..........
***5 Successful Companies That Didn't Make a Dollar for 5 Years-
https://www.inc.com/drew-hendricks/5-successful-companies-that-didn-8217-t-make-a-dollar-for-5-years.html
***Some other point of view!.....
*** Failure is a major part of entrepreneurial success. Its value is the gift of learning that empowers you to never stop pursuing your dreams. Just look around: the world is full inspiring stories. Today, entrepreneurship is all around us and is much needed in the corporate world as well for social welfare>>.
***The fact is, while there are an infinite number of ways that successful entrepreneurs make their money, there's only one thing they all have in common: failure. There's no shortage of examples of great successes who had to struggle before they became the winners we now know them as.Jan. 15, 2018
***Entrepreneurs Face Failure But the Successful Ones Didn't Quit!!!....
***TENACITY!!!.. This is where you put the work in. Tenacity is a key characteristic of any successful person, and basically the entire mindset of successful entrepreneurs. Included above all in the tenacious mindset is determination and work ethic.
You must have been in love with this stock when they were dumping 1 billion new shares in Q3 and Q4 2021. The chart looks great, yes? 😄What do you think the 4 billion shares of a regulation "A" offering will look like?
For the quarterly period ended June 30, 2021
https://sec.report/Document/0001721868-21-000524/
Authorized and outstanding
The Company has authorized 10,000,000,000 shares with a par value of $0.01 per share. The company has issued and outstanding 2,601,515,456 and 2,027,085,665 shares of common stock at June 30, 2021 and December 31, 2020, respectively. 338,666,326 shares for Q2
338, 666,326 increase for period Q2 2021
For the quarterly period ended September 30, 2021
https://sec.report/Document/0001721868-21-000835/
Authorized and outstanding
The Company has authorized 10,000,000,000 shares with a par value of $0.01 per share. The company has issued and outstanding 3,111,047,811 and 2,027,085,665 shares of common stock at September 30, 2021 and December 31, 2020, respectively.
509,532,355 new shares for Q3
For the fiscal year ended: December 31, 2021
https://sec.report/Document/0001903596-22-000192/
a) Common shares
Authorized and outstanding
The Company has authorized 10,000,000,000 shares with a par value of $0.01 per share. The company has issued and outstanding 3,579,053,805 and 2,027,085,665 shares of common stock at December 31, 2021 and December 31, 2020, respectively.
468,005,994 new shares for Q4 2021
Hello JC.
Thank you for the heads up on Leon's conference I surely enjoyed every moment of it.
I've held a position here for year's watching Leon's up and downs getting this company in that sweet spot I'm excited alright 2024 looks to be an exciting year.
I'm long and will continue to support GRST
I'm not worried about the debt either, but I will add more to my core position.
Really alot of positives here the one I like the most is GRST is revenue producing.
Leon's best to drive this ship in choppy waters and he's knowledgeable in this space............It's a great opportunity.
JC again thank you for the heads up, your hard work on this board has been invaluable to investors.
Kind Regards
☯️GRST - When Dilution Is A Buy Signal
Charles Russo
(Editors' Note: This article covers a micro-cap stock. Please be aware of the risks associated with these stocks.)
***You don't have to dig particularly deep to find shareholders complaining about dilution. Oftentimes, these complaints are valid, as in a company with a poor business model just trying to squeeze out some cash and stay alive a bit longer. Sometimes however, if done strategically and with the right timing, dilution can add to the value of a company. Distinguishing between dilution as a warning sign of distress and dilution as a show of strength is a skill crucial to being able to identify investment opportunity. This article seeks to explain why and how dilution can add to a company's value, illustrating with three current examples.
An Overview of Dilution
When a company needs to raise capital for whatever purpose, it can issue additional stock to do so. To state the obvious, the additional stock carries a percentage ownership, and so whoever buys the stock takes ownership of a certain percentage of the company. Clearly, the only place this ownership can come from is the current shareholders. Therefore, on a fundamental level, when a company issues additional equity, the current shareholders lose a portion of their ownership to the new shareholders, whether the dilution is strategically placed or not.
The important thing to remember though is that, for shareholders, this does not necessarily reduce the value of their holding. If diluting is the best, most efficient way for a company to grow at a given time, then it can increase shareholder value. A company will not issue stock for nothing in return. What it receives in return, be it the assets of another company, the knowledge and leadership of a new CEO, or just plain cash capital, adds to the value of the company. While the original shareholders ownership represents a smaller portion of the company, if the overall value of the company has risen, the value of their holding could stay the same or even rise. It all depends upon the value of the assets received for the issue................
I for one would encourage you to buy as much of this stock as you can manage. 🤣 Shawn Leon just took $2 million in defaulted debt that he wasn't paying a nickel on and refinanced it into a long term ridiculous lease finance deal that he must now pay on monthly. The credit for this company is so bad that Shawn Leon himself had to guarantee the loan against his own person financial statement. Without it these guys would be out of business finally. The last couple of filings were messy with the crazy financing deal but by Q1 we will see how much cash flow shortage they must now cover. No reverse split, no regulation "A" offering share sales, means more borrowing under predatory lending terms. All this to support a treatment center, with its own identity and share structure, who's shares is largely secured by other stakeholders. Ethema Health (GRST) shareholders pay the bills for the real investors.
Bubae
Re: None
Sunday, November 26, 2023 5:35:15 AM
Post# 49291 of 49554
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173295585&txt2find=cash%2Bflow
I remember when some dope on the GRST board claimed dilution was a buy signal. 🤣
Not the sharpest knife in the draw.
Your evidence is a PR from a pump rag and some specific case from an OTCQB listing?
A reverse split is sometimes good?
Paid basher?
No wonder you invested in GRST.
Clueless 🤡
Shawn definitely said:
"No plan to RS. Not needed until we eventually uplist."
So maybe you should all stop guessing and stop posting lies as if they are the truth!
GO GRST
Shawn definitely said he wants to convert that “friendly” debt to equity shares.
Try dividing $7 million by .0003 !
Not a pretty number.
Ok, try dividing it by .0012 .
Still not a pretty number.
Equity conversion of those shares is the only way his friends and family are going to get their money back. Pre or post split.
Likely it will be post split. Current shareholders will be sacrificed for the sake of his friends and family.
Sad but true.
You need to get schooled.. again! Okay, if I must.
Applications to NYSE are approved or denied on many factors and one of those is debt… its analyzed and if found to be a factor its denied.
That goes for any uplisting after Pinks… Starts all the way down low in the OTCQB and it’s a factor all the way up to the NYSE.
Evidence:
https://financialpost.com/globe-newswire/sunshine-biopharma-eliminates-250000-in-variable-rate-convertible-debt-and-provides-an-update-on-status-of-otcqb-uplisting
https://www.sec.gov/Archives/edgar/data/1119897/000155479521000233/pctl0623form10qexh99_6.htm
As for an R/S sometimes being good, it’s quite simple in situations like these, it an Uplising!!! That’s the No Shit Sherlock, Bulls Knocking, Shooting Fish in a Barrel moment and well you’re just a paid basher, a fud spreader or simply unintelligible if you cant figure that out.
Drop Mic… and blocked for being an utterly useless waste of space.
Tiny useless response? 🤣
Might I also add that debt has nothing to do with listing on NYSE. Your statement is filled with errors but attack me? I'm the bad guy? Idiot 🤡
… and your the equivalent of pestilence.
You take your negative mindset and single out one possible incorrect “to your eyes” comment in my post.
Guessing if you could only find one tiny useless response GRST is on its way to true golden pastures!
To Answer your question… apparently Shawn Leon doesn’t see current PPS as a problem for NYSE Upsell.
Guessing an R/S is in our future but considering its for an uplist due to substantial growth with Acquisition and Expansions the and stock price should also naturally begin to rise making the R/S less substantial.. either way I’m okay with that.
Not all R/S are considered “bad”
And yes “Friendly” debt is better than convertible toxic debt from lenders.
Wouldn’t you rather owe a bit of cash to your family and friends than owing the IRS and a Loan shark! Simple math and logic really.
You may now crawl back into your negative cesspool of useless, troll-like bashing. Lol!
This is incorrect.
I feel opposite… decently happy considering.
I think you’re exaggerating a bit on the 20min of history… and it sounds like you skimmed through it instead of absorbing the viewing. I wont do the work for you but here are my high points, from memory.
- Uplist to NYSE in coming soon, they currently fit “99%” of the requirements expect debt which will be solved soon… its all “friendly” debt as he mentions.
- looking to hit the 500 bed target total by 2025,
300 outside of Florida through acquisitions in surrounding states (Currently in multiple discussions)
The others are 2 local expansions in Florida, 2 new buildings bring Florida to 180 total. (Locations have been found)
- 1 bed = 35-40k yearly net revenue
- 1 bed = 350,000$ to 400000$ gross evaluation (x10 multiplier) (he mentions the lowest it can be evaluated at is 300k per bed.
= 150M - 200M Business Evaluation with 500 beds
= Definitely not a 0.0003$ stock price!
- Current Evaluation (lowest) would be 68 beds x 300k = 20.4M
- All convertible and toxic debt has been taken care of and paid in full. The debt left over debt is what he calls friendly debt 5M + 2M which I believe he mentioned is his friends and his family who have lent the money to Ethema and they will be converting this debt sometime soon, How I do not recall but he does mention it as its need to uplist to NYSE
- He mentioned they plan on funding the expansion through some of the Reg A and an UnNamed Investor who plans on putting in 2 million, tho this is still being negotiated.
- He laughingly spoke about the share price being low 0.0003$ for a 20.4M “Evaluation” and he’s not wrong. And yes he did mention how he plans on bringing it up as you say, but also mentions stock prices don’t always reflect profit and company evaluation. Though with all mentioned above, it’s only a matter of time. I’m sure many are worried about the debt but hearing that its “friendly” debt will probably reassure most.
- He also mentioned that Ethema will no longer invest in real-estate, Ethema will concentrate on its core of Metal Health Center’s
Might I suggest maybe not tapping that fast forward (even if it is a little boring) when trying to understand a stock you’re invested into and you might not be so disappointed when the CEO has something interesting to say. 🤓
Good Luck to all… this one seems like a hold and see, no “real” catalyst countdown for a little while tho when they come they will be big (Expansions and Acquisitions) if they can do as they want, this will be one to surprise most in how fast it will climb.
ALL IMO of course.
Yes, I think this presentation qualifies as 'wishful plans and dreams' going to 500 beds, yeah how? 2 million dollar investor, the investor would want shares at a steep discount maybe at .00001 or less to be safe. NYSE soon, yeah how? Might have to RS to have enough shares to pay potential investors or to get money from toxic lenders again. The debt, don't worry it's friendly debt - we don't have to worry much about that -interesting!
I called .then sent text to him
He will reply imo
GRST - Instead of Assuming and Jumping to any conclusion.....Give him a Call 📞and Clarify???.....
Reverse split is definitely in the cards but i hope he doesn't pla to do it with a starting pps in the 0,000x range. If he split to early, the risk is that our market value will fall thru the floor. Realy not serious to discuss NY stock exchage right now (???)
Saying that I believe that to be a BET potentially going any way (become an investment or a write off) I do not know how i can be wrong?
Relatively disappointed with what I heard.
20 minutes discussing history and very rapid fly over financials.
Mentionned the debt but did not say how he will solve it and how fast.
I think I heard him discussing an investment of $ 2,000,000 soon (???) but not sure I understood it well (???)
Quote: ''$ 0,0003/share is ridiculous should get better soon'' ... However he did not say how and why he believes that?
Still believe he may succeed but if so (???) it's gonna take a lot of time. Agressivity toward achieving his claim goals is definitely not as I would have expected him to be.
Basically Shawn said he would convert the convertible notes and related party payables (totaling $7 million) which are friendly notes (implying family) to equity pretty
soon as well receiving $2 million (also converted to equity) from an investor. Want to uplist to NYSE .
Almost guarantees a R/S has to happen to get there (trade over $1).
68 beds currently but only 50-55 occupied at any one time. 2023 revenue of 5.8million ($1.4 Q4) and EBITDA over 1.2 million.
Each bed generates 30-35k revenue but somehow they value the bed at 10x revenue (perhaps when they sell the facility) or $300 million.
You can find the conference on YouTube:
Emerging Growth Conference 66
Personally if I thought they could pull this off I would wait for the inevitable reverse split.
GRST - Thank You BokenRebl for Posting the Link to the Conference
With Much Appreciation
Take Care,
janet
GRST - Stop Assuming what others think!...... Does it Occur to you that you might be Wrong???....
===========================================
Here’s a Link for you to go listen and draw up your own conclusions.
Emerging Growth 66 GRST - 2024
Idiots like the CEO who paid .0079. lol
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