Ethema Health Corp (GRST)

[janetcanada]

GRST - More Reliable than anything that Ill-Will and Naysayers are saying!.....

[Bubae]

It will be some time before we find out. The latest document was filed with the court on May 16th, last week. It is an "ORDER SETTING JURY TRIAL" filing but the court date isn't until March 2024. Ethema Health (GRST) claims to own 75% of this treatment center, largely held by investors to secure debt. How is this not material enough to show up in a filing? Is Ethema Health exposed to this liability? Why would a note holder accept this asset for secured debt under these conditions. As always why do shareholders never get explanations for material events? Click on images to enlarge

GRST - INNOCENT UNTIL PROVEN GUILTY!!!!

Search as a guest using the case number - look under "Dockets and Documents" go to page 7 of the documents

Welcome to eCaseView, the Clerk of the Circuit Court & Comptroller’s free court records search.
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Wrongful Death Lawsuit - status: Open
Case Number : 50-2021-CA-002289-XXXX-MB
02/19/2021 - STRICKLIN, MARK V BEHAVIORAL HEALTH HOLDINGS INC

[sylvia07]

Great find and info!

[janetcanada]

GRST - INNOCENT UNTIL PROVEN GUILTY!!!!

[Bubae]

The wrongful death lawsuit is against the holding company for the treatment center and it is an open case. Evernia Health Center is named as the "doing business as" entity. I would have to believe that this is a problem for the secured debt holders. Click on image to enlarge.


Link to post for lawsuit
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171958415

[janetcanada]

GRST - Company Assessment From Accredited Analyst Contradict ILL WILL

*** There is No Concerning Event Detected, *** - The Company For the Nine Months, Sales was USD 3.59 million compared to USD 1.05 million a year ago.

***Pass
Have shareholders been diluted over the past year?

***Shareholders Have Not Been "Meaningfully" Diluted in the past year or recently listed

***Trading at 98.5% below our estimate of its fair value

***Became Profitable this year

***SimplyWallStreet***
https://simplywall.st/stocks/us/healthcare/otc-grst/ethema-health - ***From Post #46312***

***Financial Times***
***https://markets.ft.com/data/equities/tearsheet/profile?s=GRST:PKC

***Income statement (USD)
Year on year Ethema Health Corp grew revenues 148.16% from 1.94m to 4.82m while net income improved from a loss of 1.54m to a gain of 247.88k.

***COMMITMENT
It is fundamental to our integrity and success that we uphold the highest possible standards of ethical and professional journalism, and that we are seen to do so. The benchmark for the FT’s journalistic practices is set by our FT Editorial Code. Compliance with the code is an obligation for all FT editorial staff.

==============================================================

[Bubae]

The real numbers. This is why they aren't paying on their notes, why they have debt in default, and why they must borrow every quarter at a very high cost. The assets aren't worth the secured debt against it in my opinion. Seven months since they first filed the regulation "A" offering which suggests to me that things are very difficult behind the scenes. Click on image to enlarge.

[janetcanada]

GRST - <<The crushing facts from the public documents speak for themselves>>

***There has Been No Conviction! Therefore whatever the case....That Case Must have Been Dismiss!!!.....

*** Company Assessment From Accredited Analyst***

*** There is No Concerning Event Detected, *** - The Company For the Nine Months, Sales was USD 3.59 million compared to USD 1.05 million a year ago.

***Pass
Have shareholders been diluted over the past year?

***Shareholders Have Not Been "Meaningfully" Diluted in the past year or recently listed

***Trading at 98.5% below our estimate of its fair value

***Became Profitable this year

***SimplyWallStreet***
https://simplywall.st/stocks/us/healthcare/otc-grst/ethema-health - ***From Post #46312***

***Financial Times***
***https://markets.ft.com/data/equities/tearsheet/profile?s=GRST:PKC

***Income statement (USD)
Year on year Ethema Health Corp grew revenues 148.16% from 1.94m to 4.82m while net income improved from a loss of 1.54m to a gain of 247.88k.

***COMMITMENT
It is fundamental to our integrity and success that we uphold the highest possible standards of ethical and professional journalism, and that we are seen to do so. The benchmark for the FT’s journalistic practices is set by our FT Editorial Code. Compliance with the code is an obligation for all FT editorial staff.

==============================================================

[sylvia07]

Thanks for receipe, happy to hear your husband love it, can't wait to try it.

[Bubae]

The crushing facts from the public documents speak for themselves. I don't make this stuff up. LOL

[janetcanada]

GRST - Nothing about what you say is to be Taken Serious!....Just in case you though that I was Complimenting you........I hope that you Understood that in my Previous Post I was Facetious!.........What I Really Meant was to point out that you Cannot Compete with the Financial Post Accredited Analysts!!!.....

[janetcanada]

GRST - Your Overwhelming Extraordinary Knowledge is Wasted Here!!!.....

You should Apply to the Financial Time!.....

***Financial Times***
***https://markets.ft.com/data/equities/tearsheet/profile?s=GRST:PKC

***Income statement (USD)
Year on year Ethema Health Corp grew revenues 148.16% from 1.94m to 4.82m while net income improved from a loss of 1.54m to a gain of 247.88k.

***COMMITMENT
It is fundamental to our integrity and success that we uphold the highest possible standards of ethical and professional journalism, and that we are seen to do so.

[janetcanada]

Hi Sylvia, the Apples Fritter are made and my Husband is Happy!!!......

You will love it if you make them!.....

janet

[Bubae]

Interesting article. These are the people suing Behavioral Health Holding Inc (BHHI). BHHI changed its name to American Treatment Holdings Inc (ATHI) in 2019. ATHI is the holding company for the treatment center of which Ethema claims 75% of. Shawn Leon was fairly desperate in early 2020 after closing their only treatment center and found this guy Hawkins. What is it with the treatment center business that it attracts such unscrupulous players like Hawkins?

BEHAVIORAL HEALTH HOLDINGS, INC (BHHI) Name Change to AMERICAN TREATMENT HOLDINGS INC (ATHI) August 8th 2019.
http://search.sunbiz.org/Inquiry/CorporationSearch/ConvertTiffToPDF?storagePath=COR%5C2019%5C0911%5C33356023.Tif&documentNumber=L19000024560


Search as a guest the case number - look under "Dockets and Documents" - select icon at the far left under "CIVIL COVER SHEET"
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https://appsgp.mypalmbeachclerk.com/eCaseView/landingpage.aspx
Wrongful Death Lawsuit - status: Open
Case Number : 50-2021-CA-002289-XXXX-MB
02/19/2021 - STRICKLIN, MARK V BEHAVIORAL HEALTH HOLDINGS INC



Closer look at Florida’s sober homes: Inside their fatal attraction with Wisconsin’s addicts

https://www.channel3000.com/news/local-news/closer-look-at-florida-s-sober-homes-inside-their-fatal-attraction-with-wisconsin-s-addicts/article_50d8ade9-5953-562b-91ac-77cf5cdd7714.html

...Seth Stricklin, of Janesville, overdosed just days ago at Evernia Station sober living home in West Palm Beach. His parents, Mark and Joyce, said they’ve been kept in the dark about the moments surrounding his death....



For former addicts who have made it through recovery, the scam known as the Florida shuffle is nothing new.

“There are a number of clients I have worked with that have shared with me their experiences about patient brokering when they were sent to treatment out of state,” said Skye Boughman, who works in drug poisoning prevention.

Boughman said prior to the passing of the Affordable Care Act, insurance companies would regularly cap coverage levels for those struggling with addiction.

“It put families in horrible positions where many of them took out second mortgages on their homes in order to have a chance to save their child’s lives,” she said.

After the ACA passed, however, she said sober homes began to appear in states like Florida, California and Arizona. Boughman said these homes exist not to heal people of their addictions, but to make money.

“Some of the places that popped up were very unscrupulous and really took advantage of people and that’s when we start to see patient brokering,” she said.


Dozens arrested in patient-brokering scheme connected to Lake Park lab
https://www.palmbeachpost.com/story/news/local/2019/04/02/dozens-arrested-in-patient-brokering-scheme-connected-to-lake-park-lab/5472744007/

[Bubae]

There really isn't much cash flow from the treatment center. In fact, I doubt that the assets will pay off the debt secured against it due to valuation relative to cash flow. They haven't been paying on the Leonite notes taken out in 2022. That is just the notes for 2022 and if you notice their preferred lender, Leonite, hasn't extended any more credit for almost a year now.

GRST - As the Company is making $$$$$$$$$$$$$$ Everything should be Taken Care.....

For the fiscal year ended: December 31, 2022
https://www.otcmarkets.com/filing/html?id=16535244&guid=QXm-kWGmkEC6Jth


12. Short-term Notes

Leonite Capital, LLC

Secured Promissory Notes

On March 1, 2022, the Company entered into a secured Promissory Note in the aggregate principal amount of $124,000 for net proceeds of $100,000 after an original issue discount of $24,000. Due to the failure to repay the note by due date, a penalty of $37,200 was added to the principal outstanding and the Company incurs a monthly monitoring fee of $2,000 per month. In addition the note earns interest at a default rate of 24% per annum on the total balance outstanding, including the monthly monitoring fee and accrued interest.

The Note had a maturity date of April 1, 2022. This note has not been repaid at the date of this report, we are in negotiations with Leonite to settle the balance outstanding and no default has been declared.

The balance outstanding on the note, including default penalty, interest accrued and monthly monitoring fees is $212,579 as of December 31, 2022.

On May 3, 2022, the Company, entered into a secured Promissory Note in the aggregate principal amount of $76,250 for net proceeds of $61,000 after an original issue discount of $15,250. Due to the failure to repay the note by due date, a penalty of $22,875 was added to the principal outstanding and the Company incurs a monthly monitoring fee of $2,000 per month. In addition the note earns interest at a default rate of 24% per annum on the total balance outstanding, including the monthly monitoring fee and accrued interest.

The Note had a maturity date of June 17, 2022. This note has not been repaid at the date of this report, we are in negotiations with Leonite to settle the balance outstanding and no default has been declared.

The balance outstanding on the note, including default penalty, interest accrued and monthly monitoring fees is $127,702 as of December 31, 2022.


For the quarterly period ended June 30, 2022
https://www.otcmarkets.com/filing/html?id=16018411&guid=5zm-kqGiKufgcVh

Leonite Fund I, LP

Effective June 1, 2022, The Company entered into a Note Exchange Agreement whereby

..., were exchanged for a new Senior Secured Convertible Promissory note in the principal amount of $745,375,... .

...The Note matures on March 1, 2023, and bears interest at the minimum of 10% per annum or the Wall Street Journal quoted prime rate plus 5.75%.

The convertible note is secured by all of the assets of Ethema Health Corporation and Addiction Recovery Institute of America, LLC.

June Leonite Note 8K
https://www.otcmarkets.com/filing/html?id=15961451&guid=5zm-kqGiKufgcVh

...The obligations of the Borrower under this Note are secured pursuant to the terms of the security and pledge agreement (The "Security and Pledge Agreement" and collectively the Purchase Agreement, the "Related Documents"...

[janetcanada]

GRST - As the Company is making $$$$$$$$$$$$$$ Everything should be Taken Care.....

*** Company Assessment From Accredited Analyst***

*** There is No Concerning Event Detected, *** - The Company For the Nine Months, Sales was USD 3.59 million compared to USD 1.05 million a year ago.

***Pass
Have shareholders been diluted over the past year?

***Shareholders Have Not Been "Meaningfully" Diluted in the past year or recently listed

***Trading at 98.5% below our estimate of its fair value

***Became Profitable this year

***SimplyWallStreet***
https://simplywall.st/stocks/us/healthcare/otc-grst/ethema-health - ***From Post #46312***

***Financial Times***
***https://markets.ft.com/data/equities/tearsheet/profile?s=GRST:PKC

***Income statement (USD)
Year on year Ethema Health Corp grew revenues 148.16% from 1.94m to 4.82m while net income improved from a loss of 1.54m to a gain of 247.88k.

***COMMITMENT
It is fundamental to our integrity and success that we uphold the highest possible standards of ethical and professional journalism, and that we are seen to do so. The benchmark for the FT’s journalistic practices is set by our FT Editorial Code. Compliance with the code is an obligation for all FT editorial staff.

[sylvia07]

Janet, well said!

[Bubae]

Another interesting legal find concerning the startup funding and a commission claimed by Lawrence Hawkins. I detailed who Lawrence Hawkins is in a previous post, link below. Hawkins (Q Global Trust) helped get the current treatment center started, owns 25% of ATHI the holding company, and is drawing $30K a quarter in management fees. He has made a ton of money here and apparently even made money on commissions earned for finding start-up funds.

I found a legal case filed in April 2022 where the defendants claimed that the $150K commission demanded by Hawkins was being contested. The 16 page writeup also includes the name Shawn Leon who was seeking the funding. Count 1 - "Breach of Contract", Count 2 "Unjust Enrichment" Count 3 "Quantum Meruit". Click on images below to enlarge. It was an interesting read, at least for me.

Lawrence Hawkins Post
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171703049

Case Number: 50-2022-CA-003157-XXXX-MB
Filing Date 04/05/2022 - BEHAVIORAL HEALTH LLC V Q GLOBAL TRUST LLC


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[ron51]

for the long ones ... don't worry we just got rid of a 100MM ballast, let's hope new buyers don't settle for a few pipps

[janetcanada]

GRST - Accident happen everywhere!.......

[Bubae]

Follow the link and search the case for a PDF document detailing the complaint. It is against ADDICTION RECOVERY INSTITUTE OF AMERICA (ARIA). I would expect a disclosure in the Q1 filing.

[janetcanada]

GRST - <<It also appears that there is a slip and fall lawsuit filed against ARIA for $50K in March 2023>>

***Aria Resort & Casino worker files lawsuit alleging he was ...

Top Class Actions
https://topclassactions.com › employment-labor › mg...
Jan 11, 2023 — A former MGM Resorts International employee is suing the company he worked for, alleging he was discriminated against and fired for not getting ...


ARIA Resort & Casino | Luxury Hotels | Las Vegas Hotels on ...

MGM Resorts
https://aria.mgmresorts.com › ...
Mar 8, 2014 — ARIA Hotel is one of many MGM Resorts luxury hotels on the strip. Our sustainable hotel was built on the "go green" concept with the best ...

[Bubae]

BEHAVIORAL HEALTH HOLDINGS INC is the holding company for the treatment center. A quick search for legal issues reveals a wrongful death case filed in 2021 that is still open. There is a lot of Ethema (GRST) debt secured by the shares of this subsidiary, I wonder if they are aware of the exposure. You can log in as guest and use the filer form to search. It also appears that there is a slip and fall lawsuit filed against ARIA for $50K in March 2023.



Welcome to eCaseView, the Clerk of the Circuit Court & Comptroller’s free court records search.
https://appsgp.mypalmbeachclerk.com/eCaseView/landingpage.aspx

Case Number : 50-2021-CA-002289-XXXX-MB
02/19/2021 - STRICKLIN, MARK V BEHAVIORAL HEALTH HOLDINGS INC

Case Number: 50-2023-CA-008318-XXXX-MB
03/23/2023 - FRANKLIN, ANTHONY V ADDICTION RECOVERY INSTITUTE OF AMERICA


Closer look at Florida’s sober homes: Inside their fatal attraction with Wisconsin’s addicts

https://www.channel3000.com/news/local-news/closer-look-at-florida-s-sober-homes-inside-their-fatal-attraction-with-wisconsin-s-addicts/article_50d8ade9-5953-562b-91ac-77cf5cdd7714.html

...Seth Stricklin, of Janesville, overdosed just days ago at Evernia Station sober living home in West Palm Beach. His parents, Mark and Joyce, said they’ve been kept in the dark about the moments surrounding his death....

[janetcanada]

GRST - Although I would Appreciate Mr. Shawn Leon giving us News Regularly.......The way he is being treated by some.......I understand his Reluctance to do so!!!......

Being a CEO it is Not a License to be Relentlessly Insulted!!!.....Respect goes Both ways!!!

Naysayers Peoples gets what they Deserve!!!....

Time will tell!.....

[Bubae]

You should really post a link for that information. That really is all the CEO needs to do right? A 30 second tweet. That is what they did June 2021 then went on to dump right at 1 billion shares for debt conversions in Q3 and Q4 2021. Gee look, we are close to 2 years out now and all they have done is pile the debt back on at a much higher cost. I guess they didn't foresee handing over all assets for debt either.

Ethema does not foresee any need for a reverse split at anytime in the next year or two. $GRST

— Ethema Health (@HealthEthema) June 29, 2021

FAQ Page July 2021
https://ethema.wpengine.com/?page_id=683

Will you do a stock consolidation?

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.

[N-13]

If the company has become so profitable, how come the shareholders have not made money on their investment? Naked shorts to blame?

[janetcanada]

GRST - Company Assessment From Accredited Analyst:

*** There is No Concerning Event Detected, *** - The Company For the Nine Months, Sales was USD 3.59 million compared to USD 1.05 million a year ago.

***Pass
Have shareholders been diluted over the past year?

***Shareholders Have Not Been "Meaningfully" Diluted in the past year or recently listed

***Trading at 98.5% below our estimate of its fair value

***Became profitable this year

***SimplyWallStreet***
https://simplywall.st/stocks/us/healthcare/otc-grst/ethema-health - ***From Post #46312***

***Financial Times***
***https://markets.ft.com/data/equities/tearsheet/profile?s=GRST:PKC

***Income statement (USD)
Year on year Ethema Health Corp grew revenues 148.16% from 1.94m to 4.82m while net income improved from a loss of 1.54m to a gain of 247.88k.

=========================================================

***Post it By declaes: Post # 46811 - Wednesday, May 03, 2023 1:58:03 PM***

***DO YOUR OWN DD***

https://capedge.com/filing/792935/0001903596-23-000263/GRST-10K-2022FY

https://capedge.com/filing/792935/0001903596-22-000804/GRST-10Q-2022Q3

https://capedge.com/filing/792935/0001903596-22-000529/GRST-10Q-2022Q2

https://capedge.com/filing/792935/0001903596-22-000301/GRST-10Q-2022Q

============================================================

***Drug Rehab West Palm Beach, FL | ARIAhttps://www.ariafl.com

***The Satisfaction at ARIA Center is Good..... Clients Satisfaction is what makes the Business Grow!***......

***Customer satisfaction is a measurement that determines how well a company's Products or Services meet Customer Expectations. As such, it helps Predict Business Growth and Revenue.

***The Company growth is real and the elimination of variable rate debt is real.

***Please see Post #42737 & 42751 - Interesting Reply from The CEO!

***TIME WILL TELL***

======================================================

***About Leon:

***Leon's
https://www.leons.ca › pages › about-leons

***The Company quickly established its reputation for being honest, honorable and caring with special attention paid to standing behind the goods sold.

***Breaking from the Family Value Mr. Shawn Leon goes to the U.S.A to make a Scam Company???.....
-Does this Makes Any Sense???....Post #42260

*** PERSONALLY......The Credibility Choice It Is Not a Difficult One to Make!......ALL IMO

===========================================================

.https://nz.finance.yahoo.com ›
GRST - https://fb.watch/bN-wNMFvWg/
https://t.co/5GwitXravc $GRST




0

[declaes]

O, that is your scenario...

Well, the scenario of the CEO = NO RS...

Mar 1 - 2023

"No plan to RS.  Not needed until we eventually uplist."

[Bubae]

I do not foresee a scenario where they lower the offering price. It looks to me like they found that repackaging the shares and the date change to April 10th 2023 requires that the SEC once again qualify the offering. That they changed the way the shares are issued in units of 100 seems to be a curious change to me. What I believe is happening is that the offering price will easily be amended to $0.12 without further review because units of 100 priced at $0.0012 or 4,166,666,660 shares is effectively the same as saying 416,666,666 shares priced at $0.12. The company plays a lot of games and I believe that this is just another method of getting what they want while confusing the hell out of existing shareholders.

Regulation "A" shares are immediately tradable. Those who subscribe to regulation "A" offering do not buy and hope the future price permits a profit. Debt holders will convert these shares just like the old days when shares were issued for debt at a steep discount to market then dumped. With the rule 144 changes in late 2021 toxic debt can no longer be converted for unregistered shares to immediately be sold. That is why we see more regulation "A" offerings these days.

The scenario that I see is a reverse split filing with a range of 1:600 to 1:2400 with the final price based on the market price move post announcement. I would assume price split from market price of .0001 to $0.24 post split with an outstanding share count a bit above 1.5 million. I'm thinking .0001 because everyone will know that heavy dilution will be coming post split with the offering. The split gives them a low outstanding share count to market to new retail buyers and it significantly attenuates the effect of existing shareholder sales. From there it gives plenty of room for a toxic lender like Leonite to work since the volume needed will only be had by selling the price down while it manipulates the market.

All that is simply my opinion. I said at the beginning of 2022 that they should have done what I just described. They had just come off of 2 quarters at the end of 2021 where they converted right at 1 billion shares for debt dropping the price to .001. They had some wind in their sails but had nearly a million in debt reset to .0001 as a result of the dilution with around $750K of that still eligible to convert at .001. Who would have envisioned that they would dawdle along for a year and a half, make the debt at .001 hold, pile on the new debt obligations to the point where now they are handing over assets. So they are clearly capable of making this much worse at this point.



https://www.otcmarkets.com/filing/html?id=16623154&guid=Lfu-ka3VoT2zB3h

The Offering

Securities offered Maximum of 4,166,666,660 shares of Common Stock, through the sale of 416,666,666 Units of 100 shares of Common Stock per Unit (1)

[N-13]

They will need to lower the sp of the offering.

[Bubae]

I'm thinking that the May 4th refiling of the regulation "A" offering will need to be qualified again by the SEC since it included the statement below. The original filing is more than 7 months old now and the POS filing appears to reset the date to April 10th. This company doesn't appear to have much of a plan other than to borrow every quarter and hope that the market improves. I'm expecting at least another amendment before qualification and a big share structure fix to give this offering any chance.



1-A POS
https://www.otcmarkets.com/filing/html?id=16623154&guid=Yyu-kqiHU8d-B3h

An offering statement pursuant to Regulation A relating to these securities has been filed with the Securities and Exchange Commission. Information contained in this Preliminary Offering Circular is subject to completion or amendment. These securities may not be sold nor may offers to buy be accepted prior to the time an Offering Circular which is not designated as a Preliminary Offering Circular is delivered and the Offering Circular filed with the Commission is qualified. This Preliminary Offering Circular shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sales of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the laws of any such state. We may elect to satisfy our obligation to deliver a Final Offering Circular by sending you a notice within two business days after the completion of our sale to you that contains the URL where the Final Offering Circular or the offering statement in which such Final Offering Circular was filed may be obtained.

PRELIMINARY OFFERING CIRCULAR DATED April 10, 2023, SUBJECT TO COMPLETION

[sylvia07]

Great info!

[N-13]

What happened, no encouraging words here?

[N-13]

MC is not determining the sp here.

[Bubae]

Someone is unloading heavily this morning. Big holder, or is the company starting to cash out before the split? Maybe suck up the 3s before a PR push and final dumping. There is a precedent for this.


For the quarterly period ended September 30, 2020
https://www.otcmarkets.com/filing/html?id=14506428&guid=08u-kWJyLqYKJth

8. Short term convertible notes (continued)

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.

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.

Power Up Lending Group LTD
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.

[Bubae]

That is the insidious aspect of these companies in the OTC who push a narrative that isn't challenged. When no one posts it is easy to dupe those who really do not do proper due diligence.

It is very difficult to dig out the reality of the situation here without going back years in the filings. For instance, if you simply look at the recent company history narrative in their filings you will find no mention of the previous two treatment failures. They are only mentioned in filings for the pertinent periods.

[wavridr]

the end!

[Bubae]

The earnings for the treatment center will mean little to Ethema Health (GRST) by the end of Q2 according to the March 1st press release. The company tries to be clever by the use of the phrase "only non-real property debt" to suggest that they are retiring a lot of debt which isn't true relative to the total. They have a lot of convertible debt and I doubt that handing over the assets even covers what is secured by assets. The real investors will end up with the treatment center but it isn't throwing off a lot of cash flow and it is operating on leased property. I believe the problem for over a year now is that they aren't able to get deals with their debt holders that makes it practical for the company to continue as a going concern.

According to the annual, the Leon's are owed $2.7 million and the series "N" note holders more than $4 million with accrued interest. I don't understand how the company continues to borrow against earnings to pay the payments on that single ever increasing bill if they are to lose their performing assets. One thing is for certain, they need retail to step up and donate heavily and that just isn't happening in this market.

Ethema Extends Dates for Debt Repayment and Real Estate Closing
March 01, 2023 08:00 ET
| Source: Ethema Health Corporation
https://www.globenewswire.com/en/news-release/2023/03/01/2618141/0/en/Ethema-Extends-Dates-for-Debt-Repayment-and-Real-Estate-Closing.html

This will help clean up the balance sheet and together with our current efforts we expect that only the Series N convertible notes and the shareholder advances to my family will remain as the only non-real property debt by the end of the second quarter this year.”

[fung_derf]

Well if there is any volume, you know where it's coming from...

SINGLE SECURITY ANALYSIS : ETHEMA HEALTH CORP(GRST-5) - ETHEMA HEALTH ORD SHS 
 	Investor Name	% O/S - GRST-5 Most Recent	Pos - GRST-5 Most Recent	Pos Chg - GRST-5 Most Recent	% Pos Chg - GRST-5 Most Recent	Filing Date - GRST-5 Most Recent	Filing Type - GRST-5 Most Recent	Equity Assets ($MM)	Investment Style	Turnover	Investor Sub-Type	City	Country 
 	Leon (Shawn Edward)	4.38	163,187,300	0	0.00	31-Dec-2022	10K	0.07		Low	Individual Investor		United States 
 	Greene (Eileen)	        0.23	8,677,042	0	0.00	31-Dec-2022	10K	0.00		Low	Individual Investor		Canada 
 	Miller (Gerald T)	        0.01	500,000	0	0.00	31-Dec-2022	10K	0.00		Low	Individual Investor		United States 
 	O Bireck (John)	        0.01	500,000	0	0.00	31-Dec-2022	10K	0.00		Low	Individual Investor		United States 
 Total:		4.64	172,864,342	

I'm not sure what people think they own here? Looks to me like this guy is trying to use you all to dump shares and pay his rent for a building he may or may not get a loan on.
Jonathan Lebed would be proud.

West Palm Beach, FL, April 04, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire –
(https://www.globenewswire.com/Tracker?data=KX3FT2-1Cdbjw4pCVqrzHSVSY1MKSGc4zhbgJE2L4r67UkcUPCkWsUPEzWMNTuZxOu8IhWUS6sFNSifeD9XIh929yPwSgGGU7hS4c00vef0=)
Ethema Health Corporation (OTCPINK: GRST) (“Ethema”, “GRST” or the
“Company”), on March 31, 2023 filed the 10-K 2023 annual report. The
Company’s Evernia subsidiary continued its growth and had an operating
income of $0.5 million, including a depreciation and amortization charge of
$0.4 million ($0.9 million before depreciation and amortization), marginally
below our target for 2022. The Company’s wholly owned subsidiary, PB
Billing LLC which started operating in May 2022, had an operating income of
$0.1 million for the year. After corporate overhead expenses the Group
achieved an operating profit of $0.6 million, including depreciation and
amortization of $0.5 million ($1.1 million before depreciation and
amortization).

[N-13]

Yep, the smart ones sold above .01 long ago, too bad I didn't do the same.

[Alexxdj1]

Might be a nice grab at trip 1. This piggy is dead imo

[Bubae]

According to the annual 10K there are less than 160 shareholder for this company. This means that there are likely many who are in the 100 million bag holders club and it isn't easy moving that many shares even in a good market. Todays volume of 20 million looks like a single share dump over two trades. For the most part shareholders here are stuck and the exits are closing fast as the company finally sets the stage for the next phase of share selling for debt. And sell they must.

[Alexxdj1]

Well looks like anyone can unload at the 3

[declaes]

Yes it has gotten worse... you are back LOL

[fung_derf]

LOL....not even insiders are wasting their time here.
This may possibly be the worst chart I've seen on IHUB in quite some time......and I watch a lot of penny stocks tank.

[Alexxdj1]

Low volume day lol

[Bubae]

No volume with this ticker so I seriously doubt anyone is wasting their time trying to manipulate it. No real volume means that there is no money to me made. That has been going on for over a year. You do realize that the link to the trades that you provided was a whopping seven dollars worth.

[N-13]

I need a reimbursement for the value my shares lost here.

[janetcanada]

GRST - In his Infinite Empathy Mr. Shawn Leon is assisting any one in Need...Please do not exitate to request the Help you Need!!!....

***Drug Rehab West Palm Beach, FL | ARIAhttps://www.ariafl.com

[fung_derf]

Geez, when I last looked at this board things looked awful. Amazingly it has gotten worse.