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with you drama, disaster, failures, ... justified by historic stories is all that exist. a real pitty. you are either a generally frustrated person or someone trying to address a bad personal experience withy Leon. do not take me wrong, you may be hitting one of your wishful targets since you shoot everywhere but, who knows, may be after all Leon will turn out to be smarter than who you want us to believe he is. FUTURE WILL TELL. Turn the dices ... LOL1
Low cost toy? Been a toy since a penny? Losses come much quicker trading a this level. When a reverse split is announce here my BET is that it hits $.0.0001 immediately. This is because most potential buyers will understand that what comes next is the dilution from the regulation "A" offering. One doesn't doesn't need to look around much to find other tickers without this obvious baggage. Most of these stinky pinks aren't carrying more than $4 million in defaulted debt. The balance on those defaulted series "N" notes as of September 30th was $4,186,078.
For the quarterly period ended September 30, 2023
https://www.sec.gov/ixviewer/ix.html?doc=/Archives/edgar/data/0000792935/000190359623000912/grst_10q.htm
Series N convertible notes
Between January 28, 2019 and June 11, 2020, the Company closed several tranches of Series N Convertible notes in which it raised $3,229,000 in principal from accredited investors through the issuance to the investors of the Company’s Series N convertible notes, in the total original principal amount of $3,229,000, which Notes are convertible into the Company’s common stock at a conversion price of $0.08 per share together with three year warrants to purchase up to a total of 52,237,500 shares of the Company’s common stock at an exercise price of $0.12 per share. Both the conversion price under the Notes and the exercise price under the warrants are subject to standard adjustment mechanisms. The notes matured one year from the date of issuance.
The series N convertible notes matured and are in default. The Company is considering its options to settle these notes.
Honestly, there are much better bets out there. Anyone who has ever experienced a regulation "A" offering dump knows better than to touch this. Typically the company splits the stock then comes the offering. Not Shawn Leon, he files for the regulation "A" offering in October 2022 and it has hung over this stock ever since. Why do you think there is a promotion risk added under the security details tab for this stock on the OTC website? I don't see anywhere in the description for this symbol that say this stock is a good bet. I have been going after another trash stock that we know is actively running infomercials to move new shares that doesn't even have this symbol attached but it certainly should. That one has zero revenue, zero full time employees and has been heavily promoted into heavy debt conversion activity. Something has triggers that "promotion risk" icon to be added to this stock and it isn't obvious yet, but I believe you all will be finding out what that is soon. My BET is that it won't be good for retail traders of this stock.
Now that the regulation "A" offering has been qualified for the second time last November and pretty much tells everyone what is to come to make it viable. Most traders aren't so stupid since It is worse than handing over shares to a toxic lender these days since the SEC has been going after the toxic share dumps. These regulation "A" shares will be sold at a steep discount to market and Will be immediately tradable.
OTC Website Security Deatils
https://www.otcmarkets.com/stock/GRST/security
https://www.otcmarkets.com/files/OTC_Markets_Group_Policy_on_Stock_Promotion.pdf
Publicly Identify Securities Being Promoted
We are working to publicly identify securities that are the subject of stock promotion by placing a
“promotion” risk flag next to the stock symbol on our websites, including otcmarkets.com, and our
market data feeds. This promotion flag is designed to provide an alert regarding the potential risks
associated with trading the security. Coming First Quarter 2018.
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....
What Toxic Financing Is And How Public Companies Can Avoid It
PUBLISHED
MAR 16, 2023 10:31AM EDT
https://www.nasdaq.com/articles/what-toxic-financing-is-and-how-public-companies-can-avoid-it
Additionally, convertible note issuers with a track record of driving toxic financing deals generally limit the holding period on their notes to six months for SEC-reporting companies. The Securities Act of 1933 requires all unregistered securities acquired directly from the issuer to be held for at least six months, which is why a six-month timeframe is often given as the holding period on toxic debt.
Press Release
Stock Issuers & SEC Taking the Fight to ‘Toxic’ Lenders
by Howard Mulligan August 15, 2023 in Financial Services
Agency bringing actions against convertible noteholders for failing to register as dealers
https://www.corporatecomplianceinsights.com/sec-toxic-lenders/#:~:text=Since%20early%202020%2C%20the%20SEC,required%20by%20the%20Securities%20and
In March 2022, a Florida district court dealt with a defendant that purchased convertible notes of over 100 microcap issuers, converted the notes into shares of stock at massive discounts and then dumped over 17.5 billion shares into the public market, generating over $21.5 million in profits.
In August 2022, the SEC initiated an action for failure to register and then entered into a settlement with a noteholder that, from 2016-2020, purchased approximately 250 convertible notes and profitability sold the converted shares. In the settlement, the defendants agreed to (1) pay disgorgement and prejudgment interest of $8,390,601.27, (2) the entry of a civil penalty of $810,307 and (3) a five-year suspension from acting as a penny-stock dealers.
Pumping a stock you own, every day with a 50-word post
OR
bashing a stock you don't own with a 500-word post every 2 hours for the past 3 years...
I know who the crazy one is here... 🤣🤪
OTC is effectively a BETTING table, NOT AN INVESTMENT location.
Having time to spend, is my answer to your USUAL way at analysing situations (LOL)
You write: ''You have been here pumping this since the beginning of 2021'' ... As usual you either do not know what you talk about or outright lie (you choice), unless once more you use words (PUMPING) you do not understand?
Let's go back to the volatile period (2021) you refer to:
Thursday, January 21, 2021 9:55:58 AM, Post# 23678 ''GRST can be used as a LOW-COST TOY to play with for day-trader-type GAMBLERS'' ... Not sure this is ''PUMPING THE ENTIRE WAY''.
All the time since, I wrote that this is a BET (not an investment) that could become a total loss or an interesting winner.
As usual you affirm that only one of these 2 possibilities should be looked at (God and you only knowig why?)
As for: ''FLIPPING THIS THE ENTIRE WAY DOWN, pumping the entire way''. Once more you take your dream for reality, not even knowikng what I did or not. Just as an example, refering to the specific time you refer to, here are 2 of the transactions I did then (abstract from my book).
2021-02-08 Achat 0,00502
2021-02-22 Vendre 0,00800
ONCE AGAIN as per your comment I did PUMP the stock, writing that : ''GRST is a bet and one should only pay money he can afford to lose (debt being a boat anchor). It however may turn out to be quite a winner if Leon succeeds (the company is operating and duly reporting) .
That has been my position for years ... notwithstanding your usual byassed way to look at FACTS.
As usual you say YOU KNOW what the next card will be. Personally I prefer to be honest and say it MAY BE the desired card ... OR NOT!
Hard to believe anyone would consider the OTC an investment, especially a ticker managed by a convicted felon.
Seriously? You have been here pumping this since the beginning of 2021 and you want to act like it is a bet rather than a super loser of an investment for you? The stock traded at a high of $0.0127 the day before your post below. Where do you get off calling someone else a dummy? I guess you have just been flipping this the entire way down, pumping the entire way, and of course made a bundle right?
Here is a good bet, they split this stock soon to support the regulation "A" offering. That is if Shawn Leon can lure some real investors into another scheme to participate. So far that very same bet hasn't paid off for those currently invested in the direct shares of the treatment center despite support from the losses of Ethema Health (GRST) shareholders. We will talk when this is trading at $0.0001 before the split to see if you taking that bet. 🤣
Re: None
Tuesday, February 23, 2021 9:48:06 AM
Post# 25606 of 49727
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=162060359
Ask Bubae 😄
Good one Pual!
Hagd
Talking about dummy ... Do yo know the difference between a BET and an INVESTMENT.
INVESTING in GRST right now is ridiculous. BETTING that it may turn out to become an INVESTMENT is reality.
There are reasons to believe this may become a success but on the otherhand, the darn thing may also fail (Ask Bubae LOL)
Dilution, split, data 4 years old, accumulating massive toxic debt, massive share dumping, ... All that admirable set of qualifyers to define a high risk bet, not being honest enough to define any positive justifying the BET.
Anyone following this board understands that you only try to destroy Leon for whatever experience you went thru with him in the past.
What a pitty!
''Shawn Leon has been saying the same things for years'' ... so have you!... ''It makes no difference the stock is useless'.
You have been disparaging Leon and the company. for years and it effectively mede no difference either.
How can someone (trying to look smarter than most) keep repeating the same BS for years still try to discuss this stock as if it was a serious investment?
For as much as we (you included) know, GRST isn't an investment in the mind of serious shareholders but a BET that Leon may save and grow the company. The odds are 50-50 ... He will succeed (50%) or not (50%).
Any one with minimum OBJECTIVITY doesn't have to be a genious to understand that.
WOW really... I'm buying more. Tnx Bubae.
"So now Ethema Health (GRST) will get this trading well above $.0012 to attract subscribers to the regulation "A" offering, move a few billion of those shares, maintain a price above a penny for thirty days to support the purported up-list attempt off of what new story?"
Maintain a price above a penny for 30 days... $0.01 x 116,000,000 = $1,160,000. That would be a nice trade.
So again Bubae. Hurry up and buy so you don't miss the next GRST RUN!
Wow! So many words, especially for me... 🥰❤️
Hahaha... so tell us Bubae... what are they going to do???
But watch out, yesterday you said GRST is not even able to dilute shares...
I have never seen so many contradictions like in your post.
N, E, S, W... where is your head at?
Price is no barrier when it comes to dilution for this company as long as they have volume. We now see a promotion risk flag for this ticker on the OTC site so buyer beware of what they may do before the split. Example of what they are capable of. They dumped 1.3 BILLION shares over the course of 8 weeks in 2020 with an average conversion price as low as 0.00006 per share. They started the eight week dump with only 155 million shares outstanding. They go through long periods of accumulating toxic debt to periods of massive share dumping. They are now coming off a long period of accumulating massive debt, so now what? Oh yeah, regulation "A" offering for a stock trading at $0.0004? Talking about an up list that will require a sustained trading price above a penny at a minimum? Sure, makes sense. 🙄
For the quarterly period ended March 31, 2020
https://www.sec.gov/Archives/edgar/data/792935/000172186820000426/f2sgrst10q092120.htm
12. Stockholders' deficit
a) Common shares
Authorized, issued and outstanding
Between January 6, 2020 and February 27, 2020, the Company issued 1,316,679,078 shares of common stock in terms of conversion notices received from convertible note holders. The shares issued were issued below par based on the market price of the stock on the date of conversion and were valued at $531,005.
7. Short term convertible notes (continued)
Power Up Lending Group LTD (continued)
Between January 24, 2020 and February 27, 2020, in terms of conversion notices received, Power Up converted the aggregate principal amount of $41,400 into 453,800,493 shares of common stock at an average conversion price of 0.0000912 per share.
First Fire Global Opportunities Fund
Between January 6, 2020 and February 26, 2020, in terms of conversion notices received, First Fire converted an aggregate principal amount of $83,902 into 308,100,000 shares of common stock at an average conversion price of $0.000272 per share.
Labrys Fund, LP
Between January 15, 2020 and February 25, 2020, in terms of conversion notices received, Labrys Fund LP converted the aggregate principal sum of $8,936 and interest of $19,867 into 479,160,076 shares of common stock at an average conversion price of 0.00006 per share.
For the fiscal year ended: December 31, 2019
https://www.sec.gov/Archives/edgar/data/792935/000172186820000304/f2sgrst10k070620.htm
16. Stockholder’s deficit
a) Common shares
Authorized, issued and outstanding
The company has issued and outstanding 155,483,897 and 124,300,341 at December 31, 2019 and 2018, respectively.
Nice trick when you have no thought of your own. Claim someone has been making statements then attack that information. Shawn Leon has been saying the same things for years while the debt went into default, grew at the default rates then was wrapped into a purchase, sale, leaseback finance deal to save their azz. Then he issues a press release to the contrary saying that they made a profit out of thin air on the deal. It makes no difference the stock is useless to the company.
They used to boast about the valuable property they retained after selling the treatment center in Canada. They lost it to debt and now Leonite enjoys the cash flow from that asset. 🤣 They boasted for years that they had an option to purchase this valuable asset on which the current treatment center sits. They not only paid a ridiculous price for it but wrapped that and more to cover defaulted debt in the sale leaseback deal. Essentially financed everything out to 20 years and in the end own nothing.
So now Ethema Health (GRST) will get this trading well above $.0012 to attract subscribers to the regulation "A" offering, move a few billion of those shares, maintain a price above a penny for thirty days to support the purported up-list attempt off of what new story? Another treatment center narrative? When you distill out what they own of the current treatment center it is very little. This stock exists to take on the debt needed to support the real investors of the treatment center which has its own share structure. You don't see them selling shares of the treatment center for debt that is what you fools are for. 🤣
FAQ page release July 27, 2021
https://ethema.wpengine.com/?page_id=683
Will you do a stock consolidation?
The current Board and management does not support a stock consolidation. There are only two reasons the board would consider it. The first would be if the stock halts trading because it has reached 0.0001. The Company has already been through a situation where the stock hit .0001 and essentially stopped trading. The Company resisted doing a consolidation then and would resist doing it in the future if anything near to that happened. The Company does not foresee how that can happen now that it has a valuable asset in the treatment center and still has a well performing real estate asset in Canada. The second would be to up-list to an exchange that requires a minimum stock price. The Company could seek an up-listing at some point in the future but there would have to be some sort of financing tied to that. Neither of these situations are in the foreseeable future.
Ethema Executes Two Real Estate Transactions and Major Debt Repayment
July 17, 2023 09:34 ET
https://www.globenewswire.com/en/news-release/2023/07/17/2705721/0/en/Ethema-Executes-Two-Real-Estate-Transactions-and-Major-Debt-Repayment.html
The Company will emerge from this transaction with a greatly streamlined cap table, an improved balance sheet, and a new focus on an “asset light” business model.
” Mr. Leon further added, “I have been questioned often about what our plans are to consolidate the stock and I can report that there are no near term plans to do so. I can only see that happening in conjunction with an up-listing when that time comes, and I believe it will come,..."
WHAT!?
"The people to run this company are shady characters, in my opinion"
Good you write "in my opinion" behind your post"
Looks like the only shady character here is you, but hey, ALL IN MY OPINION!
They could have used that symbol two years ago when this ticker ambushed their loyal twitter followers with a 150 million share dump. The people to run this company are shady characters in my opinion. Buyer beware.
https://www.otcmarkets.com/files/OTC_Markets_Group_Policy_on_Stock_Promotion.pdf
Publicly Identify Securities Being Promoted
We are working to publicly identify securities that are the subject of stock promotion by placing a
“promotion” risk flag next to the stock symbol on our websites, including otcmarkets.com, and our
market data feeds. This promotion flag is designed to provide an alert regarding the potential risks
associated with trading the security. Coming First Quarter 2018.
Bubae
Re: None
Thursday, February 08, 2024 8:07:56 AM
Post# 49668 of 49709
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173800424
Weird...it looks like the promoter is not doing a good job. LOL 😆
Just noticed the “Stock Promotion” flag on the OTC website for GRST.
Somebody should check to see if the all-mighty rich boy still has a pulse. Incompetence at its best.
Do you still believe your own crap?
You have been saying GRST will DILUTE, for 2 years. And now you say they are not even able to dilute.... LOL
Wtf, man, if GRST want to dilute shares to 0.0001 and do a RS and dilute further and do another RS they could have, but they didn't.
GRST did not dilute and did not do a RS. And the CEO said they will not do a RS or need a RS. They will only do a RS to move up to a higher exchange. There is a A-offering at 0.0012... GRST now trading at 0.0004.
You better wake ⏰️ up and buy
''Next up is the regulation "A" offering that will absolutely need a reverse split to make it viable''
Sounds to me as wishful thingking on your part.
This being said, we (you included) do not have a clue what Leon tries or plan to do. GRST is a bet ...
The last time they were able to convert debt with shares was two years ago. Pretty clever what they did, they announced to their followers on twitter that they were coming with a series of press releases for the week. When the loyalists showed up the next morning driving the price above $0.001 Leonite was waiting with freshly printed shares to hammer it. 🤣 Next up is the regulation "A" offering that will absolutely need a reverse split to make it viable. The SEC qualified the offering last November so it is ready to go if Shawn Leon ever gets his shite together. 🙄
Bubae
Re: None
Thursday, February 08, 2024 8:07:56 AM
Post# 49668 of 49709
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173800424
It must be LOVE ❤️ LOVE ❤️ LOVE ❤️... so you take the time to scroll true my posts back to
02/08/2021
two and a half years of posts.
to find this post... must have taken you some time. I'm glad I could spend it with you. 😘
O, and in this post, I say you have to buy GRST??? 😂.
At least I post on boards where I have shares from.
Oooo, Look at you and all your effort. 🥰
Bad memory, huh? https://investorshub.advfn.com/boards/read_msg.aspx?message_id=161598559
You weren't the brightest student in class, were you? Luckily, I'm not here to give anyone advice, I'm here to make money for myself.... and even though I'm down on GRST this time, I made good money on GRST in the past and probably will again soon. That's why I'm here.
I'm rather the 🤡 picking the wrong stock than the 🤡 wasting his time on bashing a stock he doesn't own.
Question is... what are you doing here? I must be pretty interesting cause you can't leave me alone. Doing all this effort for me on valentines 💝 day. It must be true love ❤️.
Hope you make some good money too. Enjoy! Xx
That's hilarious. Those that took your advice on buying GRST are now way under water. 🤡
So let me get this straight... both you and Bubae think there GRST will do a PUMP and DUMP, so GRST can sell shares for the offering at 0.0012 while GRST is now trading at 0.0005...
But you nor Bubae are buying GRST shares...
And you think there is still someone who is taking your financial advice seriously?
😂
Rich boy needs to whip another pump and dump soon. Getting boring around here.
OMID up today I see... you must be happy!
15800 sell vs 199 buys..
Nice!
You just know nothing. Even in this good start of 2024 you are loosing money.
🫣
regulation "A" offering ''if executed'' would mean a cash inflow of $ 5,000,000 to both reduce debts and grow the business.
I wonder what this would mean in term of a new market value of the company and PPS?
Could Leon find investor (including him) willing to set the company up for a new life?
$5,000,000 nowadays is not that big an amount?
''' will be a while yet before we see what is actually going on. ''
For once you are right ... We (you included) do not know what is going on.
I haven't been paying attention the filings here but there is a new 8K for a revolving line of credit. We know that they need to borrow every quarter to cover the cash flow shortfalls. The narrative and share structure are useless to the company in terms of any conversions of for attracting new capital. The lack of cash flow from those revenue numbers is the problem and Shawn Leon hasn't been able to get the regulation "A" offering started after a year and a half. The numbers below for the nine month period up to Q3 2023 includes cash flow lost with the handing over of the Canadian property to Leonite to settle debt. The good news is that the new credit line will give Shawn Leon even more time to doddle along while the debt continues to grow. Hope future retail traders are up to flipping the bill?
FORM 8-K
https://www.otcmarkets.com/filing/html?id=17244044&guid=q5d-kWEDbPSKFBh
For the quarterly period ended September 30, 2023
https://www.otcmarkets.com/filing/html?id=17070521&guid=u6J-kKPx37-Rwrh
For the nine months ended September 30, 2023 and September 30, 2022.
Revenues
Revenues were $4,219,904 and $3,586,290 for the nine months ended September 30, 2023 and 2022, respectively, an increase of $633,614 or 17.7%.
Operating Expenses
Operating expenses were $4,079,204 and $3,204,606 for the nine months ended September 30, 2023 and 2022, respectively, an increase of $874,598 or 27.3%.
Operating income
The operating income was $140,700 and $381,684 for the nine months ended September 30, 2023 and 2022, respectively, a decrease of $240,984 or 63.1%.
That press release statement is technically true but is an example of the typical misinformation that Shawn Leon commonly peddles. The $2 million in defaulted debt was rolled into the desperate property purchase, sale, leaseback deal. It will now not be listed as debt on the balance sheet but rather as a lease expense. So debt that they were previously paying nothing on is now a monthly payment. Add in the loss of cash flow from the Canadian property asset that was handed over to Leonite for debt, you now have a new cash flow issue. Details with links outlined in post# 49218 linked below.
Bubae
Re: janetcanada post# 49209
Tuesday, November 21, 2023 8:25:35 PM
Post# 49218 of 49698
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173275725&txt2find=estate
That is an excellent example of Shawn misinformation. technically a couple of million in defaulted debt was settled but it was rolled into the lease deal along with $1 million in associated fees and the cost of purchasing the property in order to leverage it. Chart below compares the Q2 lease obligation with that of Q3. The triple net lease leaves the landlord responsible for practically nothing other than to calculate additional expenses and collect the monthly rent. Looks like the treatment center will be paying a minimum of $24K a month for their lease, the rest essentially represents the debt financed in this deal. Ethema Health (GRST) already must borrow every quarter and they just lost the cash flow from the Canadian property for debt. That is where the regulation "A" offering come in from what I see. This offering looks like it will serve as a line of credit to service the new obligations.
The offering isn't old news it is what will be driving current events. To try and raise those kinds of funds at $0.0012 is nonsensical in my opinion. A large split gets the outstanding share count to an attractive level and supports the up-list narrative. We shall see, Shawn Leon should be getting cash pinched right about now. They also had the option for a one year balloon note that matured January 31st 2024 for the property deal. It has been a long time since we have seen a financial filing and will be a while yet before we see what is actually going on. If the last press release is to be believed
Bubae
Re: None
Friday, November 24, 2023 8:06:28 PM
Post# 49282 of 49692
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173291781
...The deal for the Evernia Health Treatment Center property was back dated as effective September 30th 2022 with an option for a one year balloon note that matures January 31st 2024. Shawn could have banked the proceeds intended to pay on the Evernia Treatment center property and simply assume the liability for the one year of payments. If he can secure a mortgage for the property he could possibly use the proceeds from the lease back scheme to settle the $4 million in defaulted series "N" notes...
Only Fools are Fooled here 🤡©️
What a pathetic and incompetent CEO who has ZERO respect for the SH. Outside of the COVID clear pump and dump, he has never once created any value here. Anyone stating otherwise is just as criminal as he is. One should never trust a convicted felon.
So start of the possible GRST offering at 0.0012 trading at 0.0005... If there even will be an offering after last week news.
Maybe you should buy GRST iso OMID = trading at 0.0025 now with ZERO volume... you can make up your losses here at GRST. Good luck
You are kind of pathetic, don't you think.
Guessing what will happen to GRST for over 2years now... still, none of your predictions came true. 😄
☯️GRST - Since we are NOT PRIVY about how Mr. Shawn Leon is "Conducting" the Business".... What we "Individually" Think is "Pure Speculation from all of us???.....
*** "The Company Reiterate" that They are going to Eliminate the DEBT!.....
"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.
***ARIA - https://www.ariafl.com/
.https://nz.finance.yahoo.com ›
GRST - https://fb.watch/bN-wNMFvWg/
https://t.co/5GwitXravc $GRST
Well they do not own the property, right? They did a desperate purchase, sale, leaseback refinance deal on the property to cover the defaulted debt which needed Shawn Leon's personal guarantee based on his financial statement. The property they owned and their best performing asset in the Canadian property was handed over to to Leonite for debt. They actually can claim to own very little in the form of percent ownership of the treatment center. This is why the July 2023 press release mentions "...a new focus on an “asset light” business model." Can't wait to see the next filing to see how much more debt they have packed on screwing around trying to get this regulation "A" offering off the ground. 🙄
Ethema Executes Two Real Estate Transactions and Major Debt Repayment
July 17, 2023 09:34
https://www.globenewswire.com/en/news-release/2023/07/17/2705721/0/en/Ethema-Executes-Two-Real-Estate-Transactions-and-Major-Debt-Repayment.html
The Company will emerge from this transaction with a greatly streamlined cap table, an improved balance sheet, and a new focus on an “asset light” business model.
If you pay attention to the details the company is signaling what is to come from what I see. When they talk about partners they are likely trying to duplicate the current treatment center model. Ethema Health (GRST) claims to own 75% of the current treatment center but the bulk of that ownership is tied up in options for direct shares of the treatment center to secure notes which have not been paid. The treatment center has its own share structure and expect the same with the next venture as well. The role of Ethema Health (GRST) shareholders is to support the real investors. They will raise funds by diluting Ethema Health (GRST) stock, not that of the treatment center shareholders.
They talk about up-listing in the press release last week. that will at a minimum require that this stock "...must have a minimum bid price of $0.01 per share as of the close of each business day for each of the previous thirty calendar days prior to its application date." The July 2023 press release the CEO states that plans to consolidate the stock would come with an up-list attempt.
The regulation "A" amendment filed April 2023 changed the share pricing from $0.0012 a share to units of 100 priced at $0.12. I posted at that time my belief that the post split per share would likely be $0.12 which is essentially equivalent to units of 100 priced at $0.0012 so no need to requalify the filing. Now consider that the regulation "A" will need room to work and those who subscribe will likely get those shares at a 50% discount to market. Also, Ethema Health wants to up-list so they need to keep the price above a penny. I have been saying this for a while, I would expect a 1:2400 reverse split to get the price up to $0.024 after the reverse split announcement drives the price to $0.0001. Everyone will know that the dilution will follow so $.0001 is no longer the bottom.
FORM 1-A
https://www.otcmarkets.com/filing/html?id=16555511&guid=Dgd-kn0Vr9UsX0h
Ethema Health Corporation, a Colorado corporation (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 without any minimum offering amount pursuant to Regulation A promulgated under the Securities Act of 1933, as amended (the “Securities Act”), for Tier 2 offerings (the “Offering”). We expect that the fixed initial public offering price per Unit will be $0.12 (equivalent of per share of Common Stock will be $0.0012)
Ethema to Present an Update at the Emerging Growth Conference on February 8, 2024
February 06, 2024 08:00 ET
https://www.globenewswire.com/en/news-release/2024/02/06/2824259/0/en/Ethema-to-Present-an-Update-at-the-Emerging-Growth-Conference-on-February-8-2024.html
At these meetings, there was unanimous support for the Company’s growth plans supported by financing and up-listing. The Company hopes to identify which partners it will go forward with for the financing and up-listing in the coming weeks.
Ethema Executes Two Real Estate Transactions and Major Debt Repayment
July 17, 2023 09:34 ET
https://www.globenewswire.com/en/news-release/2023/07/17/2705721/0/en/Ethema-Executes-Two-Real-Estate-Transactions-and-Major-Debt-Repayment.html
The Company will emerge from this transaction with a greatly streamlined cap table, an improved balance sheet, and a new focus on an “asset light” business model.
” Mr. Leon further added, “I have been questioned often about what our plans are to consolidate the stock and I can report that there are no near term plans to do so. I can only see that happening in conjunction with an up-listing when that time comes, and I believe it will come,
GRST - Was Thinking about If something is going on in Florida???.....
❓️❓️❓️***Developers have eyes on more West Palm Beach growth....
***There seems to be no holding back as West Palm Beach seems to be on the verge of an explosion of growth.
GRST ***Any one Remember this Old Post # 42869 ???........
***From The Post: "We are in the middle of an extremely exciting development in West Palm Beach"......
24 sept. 2021 — (GLOBE NEWSWIRE) -- via NewMediaWire -- Ethema Health ... report on the announcement of the University of Florida expansion.
No 1
Massive new university campus to be developed on all land surrounding treatment center. This could be potential windfall if we execute our option to purchase treatment center property. $GRST https://t.co/r6Fgffu0Wj
No 2
Company will announce plans as more information becomes available.
GRST - Showing Respect to the CEO Instead of Treating him like a Criminal..... Could Make a Difference!!!....- Initially ....Mr. Shawn Leon Had a Good Disposition to be willing to do it....
***There is always a "Veiled Criticism" in your Posting....
Asking ur CEO to be somewhat more transparent is not a lack of respect ... as for me at least.
GRST - Would be nice If the Shareholders SHOWS Respect for the CEO and Collaborate???.....
RESPECT GOES BOTH WAYS!
Here is what I wrote 2 years ago (April 2022): ''ADVICE TO NEWCOMERS ON OUR BOARD''
One poster herein (Bubae) is a frustrated person who obviously had a bad experience with the GRST stock and/or our CEO.
THE ONLY FACTS ONE SHOULD LOOK AT RELATIVE TO THIS STOCK ARE THAT:
- it is a risky pinky, offering great gain potential,
- it is traded on a dangerous market,
- it has reduced its critical debts and did grow its revenues,
- it is managed by a successful executive who doesn’t try to BS people,
- the CEO is having significant initial success at reviving a company that was in a deep coma only months ago.
HOWEVER ONE SHALL NOT FORGET THAT:
- If our CEO fails, we will have to write off our bet/investment (hopefully not having bet the rent to start with)
- If our CEO succeeds, we are in for quite an interesting financial gain
- Do your onw DD and Good luck
Would it not be nice if Leon was to issue a PR (or NR) giving us a status review of where the company stands and what his plans do look like.
Between having OTC penny stocks unduly promoting without facts and an OTC penny stock of a company operating and duly reporting not ever informing the shareholders, there must be a reasonnable behavior showing a little respect for the shareholders ???
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