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Thanks, Janice, great article, just got my internet back on, very interesting...
GRST - We all have our own way to judge!.....🗽
''do something that it is Humanitarian Essential.... Contrary to you he has Empathy and Compassion ....Caring for Peoples in Need to Regain a Normal Life''
This type of argumentation is irrelevant herein. I do not use the stock markets to do charity. I do charity out of my stock market gains ... whenever gains there are.
''these people are cashing out?'' I must say I have the same question. Leon seems to serve himself at our cost. That's one of the justification to make it 50% loss.
👀***GRST - TURNING A PROFIT......INTERESTING READ......
1️⃣***Entrepreneurs Face Failure But the Successful Ones Didn't Quit!!!....
2️⃣***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.
👀*** How Long Did It Take the World's Biggest Brands to Turn a Profit?
👀*** In this article The biggest brands that have turned a Profit ***The biggest brands yet to make a Profit- ***Methodology
👀***We all hear about the record revenues that some of the world’s biggest companies rake in on an annual basis, but it can take many years for even the most successful brands to actually turn a profit.
👀***In fact, some of our favourite services such as Uber, Spotify and Snapchat are actually yet to make their first annual profit, despite being hugely popular.
👀***So where do the world’s biggest companies stand, and how long did it take them to turn a profit?
👀***The Biggest Brands That Have Turned a Profit
👀***Companies that have turned a profit
Of the companies that we looked at, it was older tech firms such as Microsoft and Apple were amongst those to turn a profit the quickest, largely due to a lack of competitors at the time.
In fact, Microsoft turned a profit almost immediately after starting out, as the sole supplier of ‘Altair BASIC’ as well as numerous early microcomputers.
👀***However, the likes of Twitter had to wait over a decade before turning their first profit, doing so in 2018, 12 years after they launched in 2006.
👀***Similarly, Amazon only turned a profit nine years after being founded (and seven years after going public), after having to close down distribution centres and lay off a seventh of their staff.
👀***The Biggest Brands Met To Make a Profit
👀***However, just under half of the brands that we looked at are still yet to turn a profit, despite being very popular and having been trading for a number of years.
👀***For example, we’ve probably all taken a Uber at some point and the company made $11.3 billion in 2018, yet they’ve still never seen an actual profit since 2009.
👀***Similarly, Spotify have never turned an annual profit, although they could be set to change, as they recently reported their first-ever quarterly profit.
I see you didn't read the biography of Jim Walton, how he struggled with debt, how some laughed at him because everytime you seen him he was trying to borrow....Shawn Leon has what it takes to run companies!
Shawn Leon has been borrowing like crazy in Q1 to create a narrative from which to promote and you go back to 2020? Did you get nothing from teh five podcass since January or the small fortune they likely paid the Mark Markowski show to pump this? They didn't even have any ownership in a treatment center after closing the previous West Palm Beach treatment center in January 2020 until they closed on a share of the Evernia treatment center in July 2021.
The story since 2020 has been Ethema Health's acquisition of this Evernia treatment center which has a share structure of its own held by American Treatment Holdings, Inc (ATHI)., the holding company for the treatment center. They are still trying to buy the treatment center operations with the $1.1 million to be shelled out for Lawrence Hawkins 25% (ridiculous!) and they still have the original start-up debt to pay that holders of options for a significant share of ATHI. How much will it cost to buy these people out? 🙄 Meanwhile they take over the Boca Raton facility for $240K!?! How many millions has Ethema Health dumped into the Evernia facility since 2020 only to shell out even more again? If it walks like a scam and quacks like a scam... 🤪 This company should be investigated in my opinion. All they need to do is follow the money.
Bubae
Re: None
Saturday, May 18, 2024 7:06:43 PM
Post# 49898 of 51201
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174446888
Most who choose drug use over being an asset to society, rarely have health coverage so the cost is on the taxpayer's dime. Nothing to be proud of. Those funds should be used to treat people who have a real disease, who don't have a choice like a drug user. These "treatment centers" are nothing less than a scam with rampant fraud. So yes, I'm sure it's a cash cow for the rich boy.
Most who choose drug use over being an asset to society, rarely have health coverage so the cost is on the taxpayer's dime. Nothing to be proud of. Those funds should be used to treat people who have a real disease, who don't have a choice like a drug user. These "treatment centers" are nothing less than a scam with rampant fraud. So yes, I'm sure it's a cash cow.
👀***GRST- Going Back in 2020.....These Posts from yankee2 .....when he went to Visit Ethema Health Care Facility and how he was Impress by Mr. Shawn Leon! ..... Post #14771 & 17778......Contradict all the Garbage that you SPIT!.....
👀***On October 26, 2020 ... yankee2 did Post his thinking about MR. Leon....
***Thanks Ant!!
***I wont post a bunch of stuff but I will say Mr. Leon is very serious about everything he is doing,He is doing most of this to help people struggling with the drug problem.He has people working that I spoke with and He turned their life totally around for the better.never cured ,but at least they can function like most people.
***We took a ride from south beach in Miami all the way north of pompano.we drove throught he poor areas,hundreds of addicts,hungry dirty,scared,sick as dogs from withdrawal.It realy is sad.
***It sounds like insurance co,s and government will be kicking more cash into this area.We should hear a lot about insurance companies and government agencies imo
***That's where He is a pro,well thought out.Imo this is perfect timing for this with the purdue opiate fiasco.The heroin market will explode imo
***This is the Real Deal here imo
===============================================================
👀*** Mr. Shawn Leon Deserve Good Credit for Persevering in what he is doing!.....
What is in the filings is painful. I understand. How much will you lose with the reverse split and the subsequent dilution of the offering? I bet your base price isn't as low as the Leon's $0.0005. 😃
You must be one of Shawn Leon's Kool Aide drinkers and believe everything you read in the press releases. As always the filings betray the public comments. Those are some ugly numbers and now they have the cash flow burden of the new Boca Raton facility and servicing the new debt taken on in Q1 and Q2.
Shawn Leon is trying to get creative with the real estate holding in the Edgewater deal. That letter of intent will remain a LOI if he can't pull off another debt refinance deal with extra cash to operate. The regulation "A" offering is still active but it is likely a last resort at this time because of the lack of retail interest. The Leons wrote themselves a couple of debt converting regulation "D" 506 offerings priced at $0.0005 for a total of $2 million worth of restricted common stock to secure voting control. Problem is that the massive split and subsequent dilution puts that bit or wealth at risk. Can't have these insiders loosing any money, can we. 😆
https://www.sec.gov/ix?doc=/Archives/edgar/data/0000792935/000190359624000535/grst_10q.htm
Page 29 and 30
For the six months ended June 30, 2024 and June 30, 2023.
Revenues
Revenues were $2,790,200 and $2,866,005 for the six months ended June 30, 2024 and 2023, respectively, a decrease of $75,805 or 2.6%...
Operating Expenses
Operating expenses were $3,296,785 and $2,758,833 for the six months ended June 30, 2024 and 2023, respectively, an increase of $537,952 or 19.5%. The increase is primarily due to the following:...
Operating (loss) income
The operating loss was $(506,585) and the operating income was $107,172 for the six months ended June 30, 2024 and 2023, respectively, an increase of $613,757 or 572.7%.
Page 32
Over the next twelve months we estimate that the company will require approximately $3.5 million for working capital and to repay existing short-term notes as the business continues to develop its rehab business in the US market. The Company has convertible notes, short term loans and promissory notes which will mature or have already matured during the current year and may have to raise equity or secure debt. There is no assurance that the Company will be successful with future financing ventures, and the inability to secure such financing may have a material adverse effect on the Company’s financial condition. In the opinion of management, the Company’s liquidity risk is assessed as high due to this uncertainty.
👀*** “You Should Be Ashamed Of Yourself”!..... You are even Worse than what I was thinking!.....
👀*** You have Nothing to Be Proud Of!....Any Decent Person Not Being a Shareholder Would not Incessantly Troll the Board Relentlessly Defaming a Good Company!......
👀*** Mr. Shawn Leon has the Merit to do something that it is Humanitarian Essential.... Contrary to you he has Empathy and Compassion ....Caring for Peoples in Need to Regain a Normal Life....Malevolent Peoples always find something Malevolent to say!....
👀***Drug Abuse Statistics:
***The front page of DrugAbuseStatistics.org features the most noteworthy drug abuse data, including overdose deaths, demographics, mental health, drug abuse treatment programs, and the cost of the War on Drugs.
Key Findings
50.0%
Half of people 12 and older have used illicit drugs at least once.
700K
Drug overdose deaths in the US since 2000 are nearing one (1) million.
$35B
The federal budget for drug control in 2020 was $35 billion.
Drug Overdose Death Statistics | Teenage Drug Use Statistics | Marijuana Addiction Statistics | Opioid Crisis Statistics| Marijuana Incarceration | Fentanyl Abuse Statistics | Prescription Drug Abuse Statistics | Average Cost of Drug Rehab | Alcohol Abuse Statistics | Heroin Statistics | Drug-Related Crime Statistics | Alcohol-Related Deaths
===========================================================
👀*** ARIA Rehab Facility***
https://www.ariafl.com/
***"We will continue to focus on growth while improving our balance sheet"
***The Company growth is real and the elimination of variable rate debt is real.
***Please Read Post #42737 & 42751 Interesting Reply from The CEO....
***.https://nz.finance.yahoo.com ›
👀***Time will tell The Story!
Lol lol its like hotel business..pretty easy to understand..you go to hotel to eat and relax, same with drug clinics only you leave healthier
Plus they have treatment during day ,that doesn't require a bed
Pure cash cow...imo
That's a good question Janet. From what I see he is being paid very well so I wouldn't go so far as to call him a psycho. 🙄 He decided that he was due accrued management fees of $420K in July after years of stating that such fees were forfeited. In 2023 he awarded himself more than $185K in management fees associated with the Canadian property that was handed over to Leonite for debt. Shawn Leon's wife didn't do bad herself with all that debt refinance cash sloshing around in 2023. She was repaid $361,260 in principle and interest toward her third party note earning 12% interest. Why does it look like these people are cashing out? 😆
Re: janetcanada post# 51142
Saturday, August 31, 2024 6:00:36 PM
Post# 51143 of 51193
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175017750&txt2find=management%2Bfees
"...Shawn Leon claims that all these fees have accrued and awarded himself $420K worth when he converted some of their debt to shares of the common giving them voting control. He also awarded himself $185,503 in 2023 when he handed over the Canadian property to Leonite to settle debt...."
For the fiscal year ended: December 31, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0000792935/000190359624000279/grst_10k.htm
Page F-20
Third party note
On April 12, 2019, Eileen Greene, a related party, assigned CDN$1,000,000 of the amount owed by the Company to her, to a third party. The loan bears interest at 12% per annum which the Company agreed to pay. This loan was assumed by the Company on the disposal of CCH to Leonite Capital as disclosed in note 4 above.
During April and May 2023, the Company made interest repayments of CDN$35,000 (approximately $25,970) on the third party loan. Between August 9 and August 10, 2023, the Company made principal repayments of CDN$345,890 ($257,775) and interest repayments of CDN$104,110 (approximately $77,515).
For the quarterly period ended June 30, 2024
https://www.sec.gov/ix?doc=/Archives/edgar/data/0000792935/000190359624000535/grst_10q.htm
Page 21
15. Related parties (continued)
Eileen Greene
As of June 30, 2024 and December 31, 2023, the Company owed Eileen Greene, the spouse of our CEO, Shawn Leon, $1,545,377 and $1,418,324, respectively. The amount owed to Ms. Greene is non-interest bearing and has no fixed repayment terms.
This is a terrible business model for the otc. Boring as it gets and few could care less about drug users. Just the way it is.
grst...very bullish
https://stockta.com/cgi-bin/analysis.pl?symb=GRST&cobrand=&mode=stock
👀*** NO SHAREHOLDER - NO EMPATHY - NO COMPASSION - ***RELENTLESS DEFAMATION!......
👀*** Is He Being Paid..... Or a PSYCHOPATH!???.....
👀***Insider Trading Screener - Add Symbol....
SecForm4.Com
https://www.secform4.com/insider-trading/1605331.htm
👀 *** MR. Shawn Leon did also buy shares at 0.079
*****LINK*****https://www.secform4.com/filings/792935/0001721868-18-000742.htm
👀***ARIA Rehab Facility***
https://www.ariafl.com/
👀***We will continue to focus on growth while improving our balance sheet.
👀***The Company growth is real and the elimination of variable rate debt is real.
👀***Please Read Post #42737 & 42751 Interesting Reply from The CEO....
👀.https://nz.finance.yahoo.com ›
👀***https://stockinvest.us/stock/GRST#google_vignette
👀***Stock Titan
https://www.stocktitan.net › news
More for the real estate strategy. The press release excerpt below is misstated "...Ethema to pursue a sale-leaseback transaction similar to the one completed in August 2024..." It should read August 2022. That property purchase, sale leaseback deal covered the $2.3 million of mostly defaulted debt last year turning it into a more than $9 million operating lease liability. They have attributed the increased cash flow burn from that deal to explain the Q1 increase in operating expenses. They had all assets of Ethema Health and ATHI on the line with those loans to Leonite. The Leons had to personally guarantee that crazy deal so who could they find to fund another effort? From the press release "...This strategy could generate healthy working capital for the Company without raising new equity...." Shawn Leons borrowing Ponzi schemes could continue if they can dupe some investors. What happens if that effort fails? I suspect that they finally go with the massive split and get what they can from the offering despite the lack of retail interest. Get what they can, they can always split it again. 😆
Ethema signs LOI to purchase Edgewater Recovery Center LLC
News provided by Ethema Health Corporation Jul 12, 2024, 17:19 ET
https://www.prnewswire.com/news-releases/ethema-signs-loi-to-purchase-edgewater-recovery-center-llc-302196144.html
The real estate as part of the assets being purchased will allow Ethema to pursue a sale-leaseback transaction similar to the one completed in August 2024 on its West Palm Beach property. This strategy could generate healthy working capital for the Company without raising new equity. This strategy will not be deployed initially as there is sufficient financing available to the Company to complete the purchase.
For the quarterly period ended March 31, 2024
https://www.sec.gov/ix?doc=/Archives/edgar/data/0000792935/000190359624000371/grst_10q.htm
Revenues
Revenues were $1,300,100 and $1,300,046 for the three months ended March 31, 2024 and 2023, respectively, an increase of $54 or 0%.
Operating Expenses
Operating expenses were $1,529,175 and $1,225,020 for the three months ended March 31, 2024 and 2023, respectively, an increase of $304,155 or 24.2%. The increase is primarily due to the following:
Abbreviated list
Rent expense was $265,132 and $114,564 for the three months ended March 31, 2024 and 2023, respectively, an increase of $150,568 or 131.4%.The increase is primarily due to an increase in rental which arose on the acquisition of the building from our landlord and the immediate disposal of the building to a third party on August 4, 2023,...
Salaries and wages were $727,741 and $592,036 for the three months ended March 31, 2024 and 2023, respectively, an increase of $135,678 or 22.9%. The increase is due the increase in staff headcount during the current year.
Operating loss (income)
The operating loss was $(229,074) and operating income was $75,026 for the three months ended March 31, 2024 and 2023, respectively, an increase in loss of $304,100 or 405.3%.
Net loss
Net loss was $374,203 and $175,717 for the three months ended March 31, 2024 and 2023, respectively, an increase of $198,486 or 113.0%
After a year and half Shawn Leon finally admitted in the May press release that the regulation "A" offering filed in October 2022 is a bust. Though the Q1 filing shows significant cash burn in regulation "A" related expenses with professional fees up 35% from the same period of 2023. That period in 2023 was a 124% increase over 2022 for some perspective. That Q1 cash burn probably set up the promotional push with the Mark Markowski character and his savechangeworld.com creation. 🙄 Now it looks like that effort was a bust as well with the low volume walk-up. They needed retail interest with large volume to get anyone interested in subscribing to the regulation "A" offering. Shawn Leon claimed to either amend or withdraw the offering by the end of June. Those who have followed this ticker for a few years understand that time frames for Shawn Leon are measured in years not months. He talked about stock consolidation, the offering and an up-list in January. MAYBE you will see something around the beginning of 2025 that resembles an approximation of what you thought he may have been.
It looks like the latest gambit is to try and leverage the Edgewater letter of intent and its real estate for some badly needed funds. I bet the entireEdgewater deal will depend on that being successful with that effort since retail has taken a pass on buying into any offering. Meanwhile the clock continues to tick on that debt. They have $600K representing half of the bridge loan maturing on November 15th and is secured by the 25% of ATHI that the company just agreed to pay $1.1 million for. Yeah they are still trying to buy the original Evernia treatment center. One very expensive piece at a time. 🙄
Ethema Acquires 25% Minority Stake in ARIA Subsidiary
May. 17, 2024 9:49 AM ET Source: Ethema Health Corporation
https://www.newmediawire.com/news/ethema-acquires-25-minority-stake-in-aria-subsidiary-7075017
The Company’s $5,000,000 Reg A+ offering has not been successful to date and the offering will be withdrawn or amended by the end of June.
Ethema Receives License for its Boca Raton facility
News provided by Ethema Health Corporation Aug 07, 2024, 10:48 ET
https://www.prnewswire.com/news-releases/ethema-signs-loi-to-purchase-edgewater-recovery-center-llc-302196144.html
...the Company is now considering setting up a separate Real Estate Fund which would be financed outside of the Company...
The Company expects to be able to announce the new Real Estate Fund structure and a new Preferred Stock offering for raising new equity for the Company.
For the quarterly period ended March 31, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0000792935/000190359623000455/grst_10q.htm
Professional fees was $111,204 and $49,587 for the three months ended March 31, 2023 and 2022, respectively, an increase of $61,617 or 124.3%. The increase is due to additional contractor expense to facilitate the increase in additional patients and additional revenues
For the quarterly period ended March 31, 2024
https://www.sec.gov/ix?doc=/Archives/edgar/data/0000792935/000190359624000371/grst_10q.htm
Operating Expenses
Professional fees were $150,550 and $111,204 for the three months ended March 31, 2024 and 2023, respectively, an increase of $39,346 or 35.4%. The increase is due to additional fees incurred on regulation A fund raising during the current period.
And here you go again... 🙄🙄🙄🙄 poor broke man. The only thing you got left.
So again...
to all... Do your own DD...
Don't listen to me, don't listen to Bubae. We are all grownups. Glta.
https://www.sec.gov/ix?doc=/Archives/edgar/data/792935/000190359624000535/grst_10q.htm
https://www.sec.gov/ix?doc=/Archives/edgar/data/792935/000190359624000371/grst_10q.htm
Link: h t t p s : / /
youtu.be/zYar2RYzzCY?si=anGuTwHn54zWMZNY
EOM
Another non-sensical tantrum must mean that you didn't unload any of those 9s while you had the chance. 😆 Shawn Leon borrowed a bundle getting the price up and you squandered the opportunity? Why did you even bother to average down. 🙄 How much will the reverse split cost you?
declaes
Re: A deleted message
Friday, July 05, 2024 2:03:32 PM
Post# 50390 of 51185
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174708577
Your DD is WORTHLESS!!!
OMID trading with a 75% spread today and 0 volume. Trading at bid 0.0163 and you bought at 0.05 a few months ago when GRST was trading at 0.0003.
GRST is UP 200%
You are down 63%
Your DD is misleading and worthless.
The rich boy is scamming every single one of you wishful thinkers. The ignorance here is on another level.
👀***GRST - Re My Post #51160....Regarding the News.....I wonder what makes Bubae understanding so differently than what these Analysts understand???......"Is his Mindset so Confused" that he cannot differentiate Good from Bad Or his is "Love" for Mr. Shawn Leon so Intense.... That he cannot resist to show it to him in his disturbed way???....The Deeper the Love, the Deeper the Hate......🤔
👀***https://stockinvest.us/stock/GRST#google_vignette
👀***Stock Titan
https://www.stocktitan.net › news
👀 *** MR. Shawn Leon did also buy shares at 0.079
***LINK*****https://www.secform4.com/filings/792935/0001721868-18-000742.htm
👀***Insider Trading Screener - Enter C0. Symbol........
SecForm4.Com
https://www.secform4.com/insider-trading/1605331.htm
🍀*** ARIA *** https://www.ariafl.com/
👀***The Company growth is real and the elimination of variable rate debt is real.
👀***We will continue to focus on growth while improving our balance sheet.
👀***Please Read Post #42737 & 42751 - Interesting Reply from The CEO!
👀.https://nz.finance.yahoo.com ›
👀***OTC Markets
***https://www.otcmarkets.com
👀***Time will Tell The Story!.....
Posts containing real due diligence and the links to the information all to the point of simple whining. 🙄 Shawn Leon has paid a lot for the promotional material that he has been using since the beginning of June. He deployed the Mark Markowski character who looks like he got his sales pitch style by watching 1980s shopping channel reruns. 😆 So why are any of you not using this material? This will be trading soon on the New York Stock Exchange and you all will be rich! What is not to love about that? 😃 He has been talking about the NYSE up-list in all five podcasts since the podcast at the beginning of January so I have my doubts now. 😏 Don't know if I believe this guy, he keeps promising the reverse split and the huge fund raising from the regulation "A" offering since the beginning of January also. Wonder what went wrong.🤔 Are OTC retail traders smarter these days, or is this stock clearly trash?
Bubae
Re pual post# 51033
Friday, August 23, 2024 9:07:40 AM
Post# 51041 of 5118
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174972156&txt2find=capital%2Bengine
👀***GRST - I think that he thought to "Incite" someone interest..... Re: His Post #50743....🤣