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Bitch sold this out to some Chinese firm that is engaged in secret operations of some type ..or else why the silence here for so long.
They have until Sept 28 to show their hand or whatever they paid for this ticker will be lost for them as OTC will shut them down for not being current in their reporting. We won't have much longer to wait to know the answer one way or another
Why would he have a R/S when he has 10BN A/S and only at 3BN O/S. We're not uplisiting anytime soon. He covered this in his FAQ. If he's a liar and cheat..then I guess all bets are off the table..not ready to condemn him yet though..I will wait for at least Q3 results before passing any judgement here..other than this CEO is non-communicative and he didn't keep his word on improving that aspect of his operation (thus far) per his last FAQ
Well...he could at least communicate on the new beds being ready in September timeframe which he said before they would be...are we on track??
Not asking much here.
Actually they are among the best in the OTC. Most don't even have a real business behind them
CEO posted a previous PR saying occupancy rates were doing fine despite the traditional slow summer months. We need another PR on occupancy rates and confirming if they are on track to add those extra beds that will have impact for Q4 #s. That would help to reinforce the medium term prospects here.
Then I guess we won't hear from your again..right? LOL
Note and Warrant holders understand that converting and more importantly selling mass # of shares when the price is at a near 52 week low is a recipie for getting nothing or little in return. I think the price has to be higher than it is today before we have to worry about more mass dilutions going on through warrant conversions. You literally can dilute yourself out of business and don't think these note/warrant holders are looking for that from Ethema. Note the prior mass dilution happened because they lost their revenue source and note holders had no choice but to convert to get what they could out. That's not the case now. They have a revenue source in the treatment center and should at least keep the PPS from hitting trips again before Q3 results are in. a pps of $.0009 would mean that the whole business is valued probably less than the r/E they own alone without any value attributed to this company as an on-going concern. We will see.
Posting nonsense again. Os is 2.9bn didn't change since 86m dilution earlier in this month. RS with 10bn AS is ridiculous.
Poor communicaitons or really no communications more appropriately said is hard to understand especially after he said they would work on that
Seems he has no motivation to do so. IMO he runs this more like a family business with him and his wife/son owning shares and giving loans to the company. That's a good thing and also a bad thing. Good thing in that he has some more stake in this other than being a CEO, bad thing in that he doesn't feel the need to keep investors informed necessarily and runs this like a small business owner would in that sense...that's why you see to scant communications...no time for that type of stuff in small business owner terms
Highly unusual to say the least. Disappointing for sure.
We need to know what the treatment center is doing even if the financials don't yet reflect their full results
We're shedding alot of day traders, short term profit seekers today. Looks like all these folks taking their money to chase the next shiny object in the OTC in hopes to strike it big.
Nothing can be concluded without knowing how the treatment center is doing...ie occupancy %, # of beds, estimated billings, revenues.
Last year I understood the treatment center reporting $600K in billings for months of Nov/Dec. GRST cannot report their revenues until after July 1 2021 which means in Q321 is when we first see the #s for the treatment center in GRST results
Of course...if he can maintain his forecast for 2H of 1.8M revenue from the treatment center...this will reverse by year end and be $.01+ Especially with the non-current ticker hammer that the OTC is going to bring down Sept 28
Agree, but the CEO could also release a PR now that says they are on track as previously stated to hit that $1.8M revenue figure for second half...that would give us some air cover until results are in
Yes..we noticed that shares went from 2.813 to 2.899BN
Ok. I only know what I've read. Never read anything more than an MOU between companies..maybe I missed something on DD
I never counted on Sparta here; I mean they never reported anymore than an MOU on that to my knowledge...that's the typical BS you get in most OTC tickers ..90% of the time nothing comes out of that. I only count on the real operations and revenue sources here...JMO
That's the 86M we already noted in the OTC page. No news there.
What I am looking for is message from the CEO on future growth, occupancy, and sources of revenue outside of the treatment center. Right now we're not getting enough of that.
Your probably right about having a whole lot of new traders by the time the next 10Q comes around. Many will have taken positions in the low 2s and hope to flip in the short term
I have to agree. There should be some forward looking statements with the usual caveats made here by the CEO. The plain 10Q alone and management discussion of results is not enough. We're gonna have to wait until the treatment center revenues can be officially reported in Q3 looks like. I for one would like to know what is the current capacicty and what occupancy rate they are running at..since these two metrics are directly related to the revenues they will be able to report in Q3
Agreed. This is not a short term flip type (P&D) of stock unless you want to make a few bucks and move on ...; this stock has potential to change your zip code but it won't be overnight. Like any start up it has it's risks but there are few OTCs that actually have prospects of real revenues of any significance..most are just idea stocks with PO Boxes and fewer than 3 employees with promises of future operations, etc. This one has operations and will start to see the financials reflect that in the next qtr.
This is not a P&D but a growing business that is capital constrained and will take some more months to show real upside (IMO) ..treatment facility revenues won't start to show until Q321 but the CEO has already said the run rate of $300K per month in revenue can be expected for 2H 2021.
True. And he already confirmed that the run rate was $1.8M for second half...also what was billed /recognized last Nov/Dec (reported @$600K) in line with that
Looks like acquisition officially closed on July 1 2021
Since June 30, 2020, the Company has been actively involved in the operation of the treatment center operated by Evernia Health Center LLC (“Evernia”) at 950 Evernia Street, West Palm Beach Florida. Subsequent to the period end, on July 1, 2021, the Company closed on this acquisition purchasing a majority interest in this company and has been financing the operations of this facility. This operation is the only treatment center of the Company.
ARIA #s still not going to show this time. Reporting through June 2021. Going forward we should see the results from the estimated $300K ($1.8M second half CEO estimate) per month revenues from that center...see below
Since June 30, 2020, the Company has been actively involved in the operation of the treatment center operated by Evernia Health Center LLC (“Evernia”) at 950 Evernia Street, West Palm Beach Florida. Subsequent to the period end, on July 1, 2021, the Company closed on this acquisition purchasing a majority interest in this company and has been financing the operations of this facility. This operation is the only treatment center of the Company.
Great..hope you didn't tell him you think he's a liar
Get ready for the attack of the beer money flippers..coming soon
CEO said dilution will end soon in his last FAQ. Not sure you read that?
Leon delivers topline today of $900K for latest qtr or so (depending from when the acquisition is accounted for in the consolidated #s) ...we're golden I think
We longs have a LONG way to go..this is just the beginning here. The treatment center has 168 bed capacity and #s are just going to reflect maybe 40 beds (we'll see)...but since this is a REAL BUSINESS trying to grow in an attractive market segment (unfortunately for society) and not a P&D...we've got lot's of room to run here for some time
Action at 23 now..another milly
Thanks.
Wow...not much here to breakthrough to get into the 3s
We're at 23 now...are MM's gonna try their games here..just before the Q comes out? Let's see
There's an $850 wall right now ...LOL What's Level 2 look like right now...anybody?
Revenue should be way up from last reported quarter because of the acquistion closing and #s being reported for the first time for a consolidated view of the company. Wish they'd get on with it already though.
BINGO...Winner Winner..Chicken Dinner...
We need the #s to speak for us on Monday because history shows this CEO is not too talkative.
Don't know. Could gaap requires restatement with acqusition
Here's some #s for the treatment center based on assumptions noted
Biggest concern is debt service amount ..how much of that will be needed going forward (assuming dilution slows) not sure..20% casflow maybe optimistic but then again this assumes no growth in their facility which can house many more beds
52 # of beds in facilty
70% Occupancy avg
$4,000 Revenue per bed/Week
$7,571,200 Annual revenue
1,514,240 Net Cashflow after taxes and debt service (20%)
$0.0005 CPS @3BN Shares
3,000,000,000 Shares O/S
$0.013 Price Target (P/Cashflow per share - 25X typical for
Health Care Facilities Stocks)
0.0021 Curr price
6 Bagger