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To me this is confusing. Don't they already own 75% of the treatment center..what option are they talking about?
What is the Company doing to better communicate with shareholders?
The Company hopes to be able to increase the communications with shareholders while remaining fiscally prudent. With less expensive methods of communication such as this FAQ section on the Company website and using Twitter the Company can afford to disseminate less significant news more affordably. Significant news will always be shared via press release. The Company has engaged a new firm to update and revamp its website and to make better use of social media.
So where's the results from this???
Can we at least get a fkg tweet now and then???
Sept 28 can't come soon enough
Perhaps..but the quality of what gets posted here does not relieve him of his responsiblities to communicate as a CEO and especially when he said that would be an area of improvement going forward
I'm not one to believe that lack of communication means anything bad is happening necessarily..but it does indicate a certain lack of respect for shareholders(value). Lack of communication opens up for all kinds of predatory practices by MMs / shorters and flippers that have an agenda to drop this price further...he's basically enabling all those characters
Since early August there's been no change in O/S.
I will keep my eye on that # as I'm sure most investors will
CEO said in his FAQ dilution had slowed and ending soon. We will see.
Gotta agree here that this CEO is for whatever reason failing to inform shareholders regularly like he said he would. Disappointing for sure, but I'm not selling anytime soon because they have a treatment center, lic and insurance approved...and unfortunately the US will need more centers like this
For those that care to know, the O/S # is still at $2.9BN as of 8/31 reported by the OTC. The dilution illusion talk continues here I see.
Drifting the wrong way today.. :->
If this stock wasn't speculative at best..with a mountain of upside none of us would be here. The OTC is full of shtt tickers that people bet on all the time. Few have any real businesses behind them like this one has. You assertion is that OTC is not an investors exhange.. Everyone who buys a stock is AN INVESTOR...it's only a matter of timeframe you're working with. Day traders are investors too..just their timeframe is measured in hours not weeks or months. This stock is not for day traders..it moves too slowly for that..not enough up and down cycles...this one is for those that seek a medium term (9 months or less) return which is quite possible here given that the treatment center revenues can now be reported for the first time on the books...we've not seen what the topline of this company really looks like yet..all we've seen as you point out incessantly here is the debt /expense side. Best is yet to come here IMO
Finally someone with a balanced view of things posting here..refreshing.
Old news man
Like I said...everything is disclosed on debt. The only unknowns that could affect price of the ticker is revenue (top line). That will not be known until the CEO commits a forecast (which will not happen based on his own FAQ) or at least re-confirms prior $1.8M run rate continues for 2H21
You don't know what additional financing arrangements are being made until they are..you are not a company insider to know that. If you make some assumptions on upcoming warrants due ..those are just that assumptions ..not facts. On the otherhand, everything you post here is well documented and therefore by definition should not be affecting the price of this stock since it is documented. On the other hand, what could affect the price is all the positive news still to be reported around the revenues not yet realized. That is not yet known (only the CEO has mentioned it..but not as a forecast)..so IMO none of the toxic financing is news..and it's not what is causing this stock to slide..it's the lack of news from the CEO that we're still on track to bring in nearly $2M in 2H21 revenues and the promise to add more beds (Capacity) by September...those are the only NEWS items that can move this at this point.
I don't assume dilution. I check the O/S actual # unlike you for some reason want to presume dilution when it's not confirmed yet. When the # changes in the OTC page, then we can actually see dilution happening as opposed to assuming anything
Sorry..I go by the official # posted in the OTC page
https://www.otcmarkets.com/stock/GRST/security
Can't rely on assumptions around conversions that may or may not happen as per some prior disclosure. If you said 8M more shares were dumped that means that we should see the # in the OTC page go up by that amount. Until we do, it's all assumptions on your part based on warrants issued.
Do you know for a fact that no other forms of refinancing are happening?
Are you an insider in the company to confirm that to be true or false?
I suggest we wait to claim any shares were dumped until the official # says that. For now as of 8/30 that # is the same as it was since early August
This silence is not an accident. There could be actions going on behind the scenes that the CEO cannot comment on. He should however be able to comment on whether his $1.8M revenue outlook for 2H 2021 is still on track at this point...since he volunteered that information earlier in a PR ..he now owes stockholders an update IMO. Keep in mind that the Evernia center billed something like $600K OUT OF NETWORK in Nov/Dec last year. No reason to believe that monthly number on avg shouldn't hold after the acquisiton, insurance carrier approval, and potential beds expansion in September for Q4 impact. But we need the CEO to tell us that soon.
Post your link for this
I just checked and the #s of O/S still the same as it's been since last dilution of 86M shares Still @ 2.899BN
Would be good to get updates on occupancy rates and available beds, if they on track to add beds in sept as planned
Look at earlier posts where I estimated target pps based on various assumptions including price to cashflow ratio of 25
That would explain the loses to a certain extent (paying the cost but not recognizing the revenue until q3).
It's like any other startup..they have to solve their debt problem by growing their business and eventually paying themselves out of it. Only growth can stop the bleeding and dilution here. That's why I wanted to get from the CEO how they were doing with occupancy % and beds # (they were due to open more beds in September). He should at least provided an outlook for 2H updating what he told us about the run rate and $1.8M revenue.
He's been quiet in the past ...so I wouldn't necessarily assume anything bad from that..it's just how he rolls
That # of O/S hasn't changed since the 86M dilution in early August.
Let's hope it doesn't change or slows down significantly in change going forward
That's what I thought when I came in the 4s and been avging down to the 3s ever since...never thought we'd get this low but that's the OTC
You and me both I guess
Yeah...I'm not going anywhere until see some 2nd half results here, but dang...this guy is making it hard on the longs here that's for sure
I said I was going to buy XX more millions if this ever hit teens again..but changed my mind and holding pat now. I moved my buy signal down to trips (hopefully I won't ever have to make that decision to avg down at that point and this never gets there)
Doesn't keep the CEO from confirming some things related to those future results..like current occupancy rates, # of beds for example. Are they on track to finish those extra beds in Sept? that will add to Q4 revenue? This guy is pathetic as a communicator
Too funny man. Yesterday we peaked at the end of the day and it was a "End of day paint job". Today MM's tanked us to 18 end of day and "keyed that new paint job"...LOL
Seems we may have weathered the sell offs after less than stellar financials + lack of communication from the CEO. Let's hope the #s can save us in Q3. The radio silence from this CEO is just unbelievable. Never seen a OTC ticker release a major financial and not have an accompanying PR to go along
Seems we may have weathered the sell offs after less than stellar financials + lack of communication from the CEO. Let's hope the #s can save us in Q3. The radio silence from this CEO is just unbelievable. Never seen a OTC ticker release a major financial and not have an accompanying PR to go along
Don't understand the lack of communications from the CEO. This is a start up business..its not yet established, so communications on a regular basis are vital understanding were we are in our growth trajectory (occupancy, # of beds, etc)
The Evernia Acquisition closed on July 1. They cannot report revenues from that acquisition until Q3 (next 10Q). Let's hope they stay on track for 2H 2021 of $1.8M in revenue
This stock was in the trips not so long ago. You could be seeing the last of the old time investment crew exiting with profit they wish had been more but tired of waiting it out at this point.
This turd is worth more than trips though
CEO is MIA
Only going by what's been the 52 week low...and if you think we're going to go lower than that after the acquisiton closed, licenses obtained, insurance carrier approvals, etc. ...and start of seeing results from that in Q3...I'd love to see that so I can buy another XX million....but it won't happen likely because that's what everybody else in here who is bashing the stock wants as well..so may never get that low because of bid support in the teens should remain. We will see.
hey yeah..WTF happened to the plan they had to hire a company to update the website? Oh well...nothing to do but wait for Q3 results
Hoping we've got a base formulating here at 18-19 and doesn't continue to slide until Q3 results can come in...long way to go and this CEO is like the guy in a witness protection program..nothing to say
Keeping an eye on the O/S now to see if dilution is continuing at prior pace or slowing down and ending soon like CEO said in FAQ...we will see
That's what you call value destruction ...this company should be at $.01 now...it's what's not being said (CEO clams up) and what's been done in the past (dilution) that's keeping us at this level. I'm not one that likes a pumper CEO but this guy is ridiculous