Retired
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Our CEO knows about the quality of our offerings (I dare believing) but she is to incompetent to figure out that building a company with no manufacturing and no marketing cannot succeed, whatever the product she developped. I start to believe that she only pull out of her mess by outright selling out Else altogether. This being said, she will prefer to fail or be stolen of the company before her ego accept that she is not qualified to succeed.
Would effectively be interesting but till she decides to talk to the market instead of her shareholders, whatever she does or write is useless for us ... unles a shareholder has a baby to feed.
INTERESTING ARTICLE AND I PARTICULARLY NOTED (ONCE AGAIN) THAT WE HAVE A GREAT OFFERING INTO A $20 BILLIONMARKET. KEEPING SECRET OUR EXTREMELY INTERESYING OFFERINGS, WE ONLY GET MORE LESS THAN $10 MILLIONS (fy 2023) BEING IN THE MARKET FOR ALMOST 5 TEARS, ON ZILLION SHELVES?
I WONDER, HOW IS IT POSSIBLE FOR OUR CEO TO NOT FIGURE OUT SHE IS FAILING MISERABLY?
Since you know as much as any, you and those believing that this is a lost cause have 50% chance of being right. On the otherhand, those wishing this to become very profitable have 50% chances of being right.
Those wanting to do their due diligence should not decide based on the herein expressed opinions promoting one out come or another (That applies to your stupid posts trying to prove that only a desastrous outcome is possible (you obviously having a secret agenda).
Any serious due diligence will made a potencial shareholders to conclude that BETTING on this stock offers a 50-50 chance of being successful (a real operation is behind this stock) or desastrous (the company most find a way to solve its debt issue.
If one is not a gambler, he should just stay away from this stock or BET money he can afford to lose with no serious consequences.
Only a fool will play the expert analyzing such a high risk OTC sub-sub-sub penny stock as if it was a blue chip.;
I wonder if that could turn out as public funding to help GRT to expand?
'' I was just sharing my frustration UNDER THIS PRESIDEN that my strategies no longer worked as well is all'' . That's effectively called '' pulling this topic into political crap''
That is a ridiculous analysis if I ever saw one.
The woman is a stupid imbecile. She doesn't even seem to understand that increases in gross revenues is meaningless if it doesn't translate in net profit growth. Up to now I knew she was a totally incompetent person relative to the art of marketing but she also is totally incompetent in basic accounting.
Hard to believe that someone preffer to fail than getting help.
I have serious INVESTMENTS but also have a 2 bets (more or less 5% of my portfolio) I enjoy looking at. Else is one and the other one is even a higher risk bet. Looking at my investment is as thrilling as looking at grass grow and these 2 toys give me entertainment (I even trade them up & down ... if ups and downs are ..., now and then for fun, adding to the positions when I make a profit).
I only have 2 OTC toys like this stock that I call long shots and they currently make a small % of my portfolio. Not much to lose but quite a lot to make if managements take their fingers out of there bottom. In the case of Baby, there is a base to build from.
In both case, I consider that I have bets and not an investment.
i wonder what it will take for our ceo that she baddly needs help. she wants to conquer the world and could barely manage a pet shop.
Thank and believe me, my only link to this is that I own shares in a mismanaged outfit that could become interesting, if only our CEO decided to ask for help from the right people.
OUPS ... WRONG BOARD
The recent financials show the following:
- Inventories in 2023 are $ 7,258, 000 vs $ 5,910,000 in 2022 = an increase of 22,8%
- Inventories make 48% of total current assets in 2023 or double what it was in 2022 (23,8%)
- Auditors comments: ‘’We considered this a key audit matter due to the magnitude of the inventories balance and the large number of inventory locations.’’
What did our CEO do in 2023?
- She kept adding shelves (locations all over the world)
- Advertising $ 4,378,000 was cut by 26,5% relative to 2022 ($ 5,955,000)
- In her PR/NR covering the 2023 financials, she proudly write: ‘’Operating expenses decreased 23% ($16.8 to $21.8 million). ... 31,5% of that reduction was in advertising.
If that does'nt support my argument that she has no clue how to manage the company, I do not know what is needed. She should hire a CEO experienced in developping a mass marketing type company and make herself responsible for R&D and product development.
Unfortunately I do not believe her ego can support such an absolutely required reorganisation.
Out of touch with reality, she is proud to see her gross revenue grow 10% but doesn'f understand that to succeed she need to grow the gross revenues by 3 to 4 time that number (at least) annually. The only way to do that is to make our targetted market aware of what we offer.
That can only be achieved by focussing on specific locations (instead of adding locations and inventories) and by investing in marketing/advertizing focussed on these locations.
She obviously doesn't understand that and her failing strategy seems to be to add shelves and locations believing that targetted customers will find out what the unknown boxes on the shelves are all about, by themselves.
Patiently,
Roger
I did look at our recent financials and found the following:
- Inventories in 2023 are $ 7,258, 000 vs $ 5,910,000 in 2022 = an increase of 22,8%
- Inventories make 48% of total current assets in 2023 or double what it was in 2022 (23,8%)
- Auditors comments: ‘’We considered this a key audit matter due to the magnitude of the inventories balance and the large number of inventory locations.’’
What did our CEO do in 2023?
- She kept adding shelves (locations all over the world)
- Advertising $ 4,378,000 was cut by 26,5% relative to 2022 ($ 5,955,000)
- In her PR/NR covering the 2023 financials, she proudly write: ‘’Operating expenses decreased 23% ($16.8 to $21.8 million). ... 31,5% of that decrease was in advertising.
If that does'nt support my argument that she has no clue how to manage the company, I do not know what is needed. She should hire a CEO experienced in developping a mass marketing company and make herself responsible for R&D and product development.
Unfortunately I do not believe her ego can support such a required reorganisation.
She is proud to see her gross revenue grow 10% but doesn'f understand that to succeed she need to grow the gross revenues by 3 to 4 time that number (at least) annually. The only way to do that is to make our targetted market aware of what we offer. That can only be acieved by focussing and investing in marketing/advertizing. She obviously doesn't understand that.
You are right. But it's barely better than nothing but she has to accept she is in a mass marketing environment and appropriate means of marketing are required. The issue is the CEO consider marketing expense to be throwing money away.
This is an OTC sub-sub-sub penny stock. Haven't you yet figure it out? How ridicule you can be ! Enjoy making a fool of yourself and I will enjoy saying why you make no sense ... whenever I'm on my pc enjoying following my investments (I do not mean my 2 bets)
''typical risk profile for an OTC ticker'' ... Another scientific conclusion of yours. Nothing TYPICAL about a stock trading at ),0003 or 4 . If one buys it, he knows he is BETTING, not really INVEDTING. That's why your continuous analysis of GRST is totally ridiculous and irrelevant.
As for: 'Companies with a good risk profile aren't trading at $0.0003' it is so obvious that once more your statement is ridicule (In any case everybody knows that and noone needs an ''expert'' like you to figure it out.
I wonder ??? Why in the world do you keep posting your garbage. What the hell motivates you (do'nt even mention your altruistic objective)
They have so much faith in their product that they believe it will sell without any effort to inform the market that it does exist.
How often, doing your grocery do you stop in front of a shelf, just to analyse what a product you never heard of is all about?
Never mind how great our product may be, a mother will not blindly try a product she knows nothing about, to feed her children. A mother of young kid doesn't even have time to investigate a product she doesn't know doing her grocery.
WHAT IS IT OUR CEO AND HIS PARTNERS DO NOT UNDERSTAND ABOUT MASS MARKETING?
I will never stop admiring your altruistic effort aimed at informing ''those new to this stock'' ... Why do you pretentiouslyassume these very few newcomers are stupid enough not to undestand they are bying a risky OTC sub-sub penny stock?
You write: '' I will read the filing and reveal the deception ''. As if anyone cares about your byass opinion.
Let me tell the potential new comers all they must know: ''GRST is a highly risky sub-sub penny stock that has a 50-50 chance to succeed/fail'' ... be aware.
Nice but if (as usual) we keep it secret (no marketing program) and we only inform shareholders (usual NR's and PR's) we will have as much success as we've had up to now. (could have written failed again.
Let's see if the recently annouced marketing manager will be allowed to do his job ??? Personally I doubt it and I think that our CEO will as usual send him to acquire additional shelves.
Silently attaking a huge market is the most ridiculous approach one can take to increase revenues/profit.
We are an R&D company having no manufacturing facility of ours and no marketing and our incompetent CEO spent the last 4 years looking at how huge the market we are in is.
''' 1.3 billion new shares dumped over eight weeks in 2020 ''' ... You don't tell me (LMHO) ... What a news" ... Aren't we lucky to have someone that smart to tell us such appropriate priviledge information ?
More shelves and repeat of how great the opportunity is worldwide. So ??????????????
How out of touch our CEO is relative to reality ...
Make it 3 of us
She has great patents and the industry needs new products. However one must not forget that we still assume an FDA approval is in the works (Long time since we heard about that)
I hope she does but ???
If our CEO suddenly find that she cannot succeed by herself (lack of understanding of what running a ''multinational means), she most likely will find the ressouces (skills) she needs or better even sell out. Alternatively she will be stubborn enough to completely fail and sellout whatever assets she may save (PATENTS).
I keep (but will not add) my shares hoping that she will figure out sooner or later she CANNOT SUCCEED BY HERSELF and accept to do what HAS TO BE DONE, assuming she is smarter than stubborn and put her ego aside once and for all.
From what I understand, selling out is most likely the best that can happen to us, considering that all we have are products and patents that we cannot even manufacture by ourselves. As for marketing all we have is a large number of shelves filled with anonymous products.
Who knows what will happen?
If Leon gets $5,000,000 out of that, depending of what he does with it (reduce debt, expand production of services, ...) our balance sheet would look better (lower debt) OR our business expansion potencial would probably seriously increase our current MULTIPLIER curently at about 0,25. On the basis of $5,500,000 and a healthier finacial situation and business potencial could our multiplier increase to 3 (making our pps at 0,0012 vs the current 0,0004 0ne) ?
Getting funds to decrease the debt and create a greater revenu is what Leon needs. My view is that Leon may succeed at doing it (50%0 ... or not (50%).
What kind of BS is that?
- an invitation at Thursday, March 28, 2024 9:03:22 AM for a webinar scheduled an hour later (Did I miss something?)
Topics will be:
- Company's mission and values
- Ethema is moving beyond the market noise to capture big returns in this underserved and underdeveloped sector.
- Our long-term capital appreciation growth strategy focuses on increased revenue per square foot at each facility in our portfolio
- Rising net collections month over month driven by our rollup strategy and technology advancements in billing and collections.
- Rising net collections month over month driven by our rollup strategy and technology advancements in billing and collections.
- Careful selection of choice property acquisitions with upside core asset values
Seriously, can anyone imagine a less than that content, for a company requiring CAPITAL and SERIOUS BUSINESS GROWTH
Fortunately we are in a business/market offering huge opportunities (market size to hit US$ 132.4 billion by 2027 with a growing CAGR of 5.3% since 2021).
At least for the last 3 years we seem to only have built a serious base to grow from. Quite an achievement considering where we restarted from.
This being said, Time has now come to do more than ''increased revenue per square foot''. We need serious investor(s) to:
- increase our revenues production space
- reduce our debt.
Being a '' team that is saving lives through addiction treatment.'' is nice but that team better start increasing of its impact by acquiring major capital rapidly. That MUST BE OUR STRATEGY now that we have a proven base to grow from. Any other objective would only let us survive for God only knows how long.
What is funny is that she keeps issuing PR's relative to the shells she sevures but hiring a marketing manager is done in hiding. To me this shows how much alergic she is to marketing in general. I wonder why this 'marketing manager will endup being. I hope is mission will not only to find additional shelves ???
Oups ... Thank you
One step in the right direction. I hope she will get someone senior she trust enough to support his plans and give him the appropriate budgets. I spent 35 years in marketing and would never have had the success I had without the full support of my managements.
If she however tries to control him and impose her direction, if the person is competent, he will quit within 6 months.
Let's see and hope she finally understood what was needed.
'' so long now that it may not make much difference'' as do your forecasts of the last 3 years
No access, I'm not on linkedin. Would appreciate if you copied.
''Company's corporate progress and other developments.''
Looking fotward to that ... ''other developments'' in particular ???
ABSTRACT FROM YOUR OWN POST:
Refinance the defaulted debt.
Must now pay on it monthly.
The ‘’A’’ offering was requalified in November 2023 with amendments.
I can only see that (consolidation of the stock) happening … when that time comes, and I believe it will come, said Leon … (Even you write: ‘’ something to be done in weeks just say months’’)
DOES ANYONE (but someone taking his dream for reality) BELIEVE THAT LEON DOES THAT MUCH WORK AND PLANNING, NOT BELIEVING HE CAN SUCCEED?
I wish you to be right (and me wrong) but having product you never heard about sitting on shelves rarelly turn out generating sales.
Why do you think successfull company have that significant advertizing/marketing budgets ?
Our CEO has a scientific background and no understanding whatesoever what is required to succeed in a mass marketing environment. 3 , closer to 4 years ago, she tought (and said) the company would be a 5 billion dollars business by now.
''Else Nutrition Adds Independent Supermarket Operator in North America to Distribution Network
8:25 AM ET 3/20/24 | MT Newswires''
Here she goes again. More shelves presenting boxes nobody knows about. How many shelves do we presumably have boxes on?
Discouraging to see how stobbornly our CEO is, repeating the same thing (addition of shelves) again and again.
Our CEO is seriously allergic to any marketing activity (believing it would be a waste of money).
Looking forward to see the next financials.
Same old song (almost true) ... Nothing has change in years (Not really, operation did grow, and debt better structured) ... and it won't (what do we know???) ... Because an incompetent CEO (If that was, he would have quit trying a long time ago) ... End of story (Who knows, but if you think so sell your shares whatever you still can get) ... As our big specialist (who forecasted disaster for years), you, I and he do not know how it will turn out (50-50) and knowing wha we do ... or do not ... all what one can say is that ''It's end of story,'' or ''There are reasons to be hopeful''' ... WE SHAL SEE!
As I often said, This is a highly speculative stock considering the lack of information we have (50% chance of having to right it off) but it's also an operating compa ny reporting as do responsible companies (50% of chance to to see pps explose upward). The foollowing justifies the above:
Revenue : $ 5,500,00
Market cap : $ 1,500,000
PE ratio : 0,87
EBIDATA (Earnings Before Interest, Taxes, Depreciation, and Amortization): $ 773,500
Debt To Equity : -129.51%
THE ISSUE IS OBVIOUSLY THE DEBT causing our current PPS to reflectt a multiplier more or less 0,35.
Considering the above, this justifies saying that this is a good but high risk BET (best case:a high risk investment).