Retired
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''Like a broken record'' ... Why does that feel familiar ... Ho! yes ...
''. At this point it would appear that he will do pretty much what he wants. Especially now that they have controlling interest.''
For once I agree.
However ''What is it they want''?
Only Leon and his very close ones do know. I'm not 1, neighter are you!
Not much new in this verbillage ... Hard to believe someone would spend his life on this board trying to make believe he knows, even better than any of us, including Leon.
You must be the most frustrated person there can be. One has to wonder what Leon did to you personally ???
''I really feel for you dude'' ... As I said earlier I initially bought in since 2019-12-10 (buying at CDN S0,380) and traded a lot till April 12, 2021 when I sold 3/4 of my shares at $3 + for my birthday gift. Thereafter, I bought back most of my shares in Januaryper 20 22 then thingking that at $1,25 we must have reached a bottom (Oups!) ... My average net cost then become more or less $0,35 cents. I doubled my ownership yesterday at $0,065 to reduce that cost below $0,20).
I think that your hypothesis is a potential outcome (''CEO has to step down, either they try to go this on their own with a new CEO or cut a deal with the mega company''), assuming our CEO is not totally stupid. After all she also have investment to lose.
Worst case the woman is stupid enough to go bancrupt, best case she goes as per your hypothesis. Worst case I lose money I can afford to lose with minimal payne, best case I net a nice profit. After all the product line is great, the patents are worth a lot and some mega companies are not that well equipped product-wise nowadays.
I want to believe that also. However for that to be, Leon will have to somehow get cash to expand. The only way I see that happening, considering current level of debt, is to dilute us much more (presumably trying to keep full control).
To bad Leon is not more transparent about his strategy. Just saying that he will add beds by 100's or 1,000's is not very reassuring if he doesn't say how he plans to do it and follow thru with watever he says he will do.
Market Cap $6.57M Shares Outstanding 7.73B PPS $0,00085
Leon must find a way to drastically reduce the debt otherwise we will lose our bet, after the insiders will have filled thyeir pockets emptying whatever cash may be available.
R/S will not help except to allow insiders to fill their pockets even more UNLESS THE RENWED NUMBER OF A/S IS USED TO REDUCE THE DEBT.
Till further developments, I assume our chance to survive is now more 40% than 60 (Yes I am losing some faith). Except from diluting us to his profit, Leon did not recently do anything in view of making this anything but a future failure medium term. Time has come for him to deliver anything other than empty promissed and to make this a viable operation long term.
GRST remain an interesting BET but the odds are not as good as i expected them to be.
This being said, at $0,065 I decided to average down somewhat, thinking that maybe our CEO will endup waking up to figure out what is wrong with her refusal to get help ??? Who knows ???
Here is a summary of our situation:
- Does not have a meaningful market cap (CA$10M)
- Has less than 1 year of cash runway
- Earnings have declined by 7.4% per year over past 5 years
- Shareholders have been diluted in the past year
- Volatile share price over the past 3 months Share Price
What does our CEO do about that?
- Dilute us even more to finance the operations,
- Does nothing to grow revenues (Adding shelves only increases costs - inventories)
- Reduces expenses (instead in investing in marketing)
She is a competent scientific person enjoying a board of people like her
She has no respect for any marketing programs looking at it as ''expenses'' instead of investment,
She believes great products suffice to be successful
Bottom line: SHE IS AN INCOMPETENT BUSINESS EXECUTIVE
As I said it's a bet with money I can afford to lose. That justifies my interest in this board.
As for you, not being a shareholder, your behavior herein proves that somehow, you've been baddly hurt by I do not know what or who and cannot get over it. May I wish you to get a life and do something intelligent and productive instead of losing your time herein making a fool of yourself, repeating ad nauseam the same garbage on an on, multiple times every single day.
The common point between you and Leon is that you both have little or no credibility. On of you will endup be right and the other one wrong.
That's why I look at this as a 50-50% BET. I've seen worst in Casinos and that's why I never bet more than i can afford to lose. This being said I generally win more than I lose (That's why I keep enjoying the game)
''I quote from the company's own print'' ... As I said before, that is not the issue. THE ISSUE is your opinions and interpretations of the officially filed financials.
''This company has failed'' but is still listed and trading. Leon must be a genius crook (LOL)
I FORGOT ...
To those considering buying or keeping this stock ... Only bet money you can afford to lose, even if a great gain could bein the future?
''My intention is to inform those new to this schemy little pink ticker complete with facts directly from the company and links to.'' (What a BS)
You keep repeating that (facts extracted from finacials) to try to get some credibility. We can read financials also.
The problem is not relative to the reported facts but relative to your vicious interpretations and opinions of them.
One FACT that one cannot get from financials is your dedication to disparage the stock for whatever hidden reason of yours.
For the moment, THIS IS STILL A BET. Will Leon succeed (50%) Only him knows ??? Will he fails misearably (50%) ? No one yet can pretend to know (50%) ... Not even you.
For more than 2 years you supported the second possibiity (failure) with OPINION of yours and nothing happenned, Shareholders hope Leon will make it (50%) you hope he will not?
Your credibility is as good as the one of any of us (shareholders) forecasting that to become a gold mine.
FACT IS: YOU DO NOT KNOW ... SO DON`T WE.
The difference is we are hoinest enough to admit it.
Your posts may not be for me but what you should ask yourself is; ''Who cares for you byasses OPINIONS?''
Get a life!
''eventually'' ios what I worry about
You are generally borring and you are so subjective that reading your posts has become a ridiculous way to spend time
This being said, the day Leon will announce ''a massive reverse split to support up-listing to the New York Stock Exchange'', I shall dump my share instantly, before the market kills the pps. Splitting will not change the justified market value of GRST and .small shareholders will do the same as I.
Nothing wrong with Leon buying stocks but I wish him to understand that serious investors will stay away from this stock, for has long as he will keep carrying a boat anchor pulling down the market value of the company (and our pps).
Time may prove him right but, unless one is very young, one will have to be darn young and patient to wait for this to become a nice place to invest.
Still plan to wait but am to old to wait that long.
''offering at $0.0012''
If I had the money, I would only take it IF THE WHOLE PROCEEDS WERE TO BE USED TO REDUCE THE DEBT.
For as long as we carry these costly debts, Leon will have to keep trying to survive.
Retail right now is only made of relatively small investors or gamblers and what is needed is to create more serious financials for serious investors to join Leon in his project.
$ 12,000,000 market cap or so. What a bad joke. Unfortunately our CEO controls the company and would keep running after her dream instead of doing anything to succeed somewhat.
We have the product, the patents, the distribution network and still, we cannot generate any significant profitable revenue.
It would not required that a genius to rapidly figure out what is wrong and the answer has nothing to do with cutting expenses. How in the world can't our CEO figure that out ?
If one live long enough, he may endup making money but honestly this listing on new-York stock market or paying out a dividend are as ridiculous as one can believe.
Dilute us as much as you need but only to eliminate the debt (at least as much as possible).
Thereafter new significant will jump in, our maket value will go from a multiple of 0,33 to most probably more or less 12 (market cap of 1 to 12,000,000 $).
Then our toy will be an investment in a company having the means of its ambitions.
Honestly at that pps I would buy tens of thousands shares wasn't it that the incompetent stubborn CEO wasn't that crazy.
Only if Leon figures out a way to drastically reduce the debt, Till then, the penny land is a dream. Repackaging the debt every ways he can imagine is going to keep our market cap ridiculously low and our stock a toy for daytraders.
''Ethema Health Corporation's received its license from the Department of Children and Family Services for its new facility at 899 Meadows Avenue, Boca Raton, Florida.
Your interpretation: ''Government is another good business model isn't it not?''
Must be hard to be that smart and having nothing other than making up stories to denigrates everyone (LOL).
You know, in a parade if you are the only seeming to havre the step, you may be right or not, but you are the one looking stupid ...
There is obviously no limit to your anger. ''My opinion'' (You love to give yours) is that you are a poor isolated no-life individual, frustrated by whatever rejections you did suffer in the past, paticularly from Leon, rejection for reason you and he do know.
Spending your life analyzing informations and making up reasons to disparage Leon is a behavior that will endup making you sick ... physically also.
Get a life ...
All that extensive analysis to say that: ''The issue Leon has to face is our level of Debt''.
He has to solve that isuue (50% chance) or endup failing (50%)
Another profound OPINION of yours: ''In my opinion the best way to help addicts and potential addicts is to shutdown the drug trade that freely occurs at our southern boarder''. What a crazy analysis ... as usual.
Like one once said: '' if my aunt had nuts, she would be my uncle''
As you say ...
Grants should be, among other reasons, justified by supporting socially required missions (We all know billions of ''taxpayers money'' are given or loaned for much less acceptable justifications).
This being said, one has to be quite naive (at least) to think that the governement issues grantsloans\ to only honest, competent persons contributing to the society (LOL).
Up to now no one can affirm that Leon is (as you say) an incompetent rich boy.
To protect the taxpayers you so much care about, the government could easily support Leon's mission by giving us a 10 years interest free loan mandatory aimed at:
- eliminating current costly debts in priority and
- helping to finance growth projets in an extremely important social sector of the society.
Reimbursement could start being reimbursed in 10 years on an acceptable time table (not much a cost to your loved taxpayers)
Just imagine what such a small $10,000,000 loan could do for an organisation such as ours and how much society could profit from this small investment ?
Another 10% down today. The woman is prepare to lose it all instead of letting someone manage the company with competence. She dream of a miracle (FDA) that will be meaningless considering the market does'nt know what our offer is ... even currently. How stupid can someone be ???
Personally I do not care if the filing is late for as long as it comes and presents a clear picture of where we stand..
Been an exec in very successful large companies, whoever cares about that. My critic are relative to the business as I see it and not toward Leon personally. For me GRST is a business matter and not a love affair.
18% down today ??? What will it take for our CEO to figure out she (we) need help from someone able to manage the company as a commercial business instead of a lab center?
THE DEBT ISSUE:
Short of being able to get a grant from government (I hope Leon tries to get), Leon should find someone to buy 6,000,000,000 new shares at $0,0008 with the agreement to only apply the proceeds to reduce our more costly debts.
Notwithstanding the dilution, reducing the debt by $4,800,000 would attract more serious investors since, except for the debt, Leon does quite great, operating\growing the business.
Thereafter, Leon could consider a small R\S Let's say a 1 for 1,000. That would instantly be getting the O\S to less than 10,000,000 and our pps at more than $0,80 (more interesting for interesting larger investors). A\S would then remain 10,000,000,000.
After a while, Leon could do it again ON A SMALLER SCALE, this time, to reduce some more the debt AND better finance his growth plan.
GRST becoming thereby a growing, profitable, financially healthy operation, then Leon could move toward his plan to get uplisted to access even institutional investors. Stock Dilution FOR THE RIGHT REASON can only be profitable to us smaller investors. I would prefer having let's say 10,000 shares worth 80 cents +++ than 10,000,000 at $0,0008, if the company was in a growing credibly financially sain situation, then our stock would go from being a toy for small OTC investors and daytraders to an attractive opportunity for serious investors.
''cash dividends are coming'' (???) With all due respect, using whatever funds that represents would be a lot more useful than giving us an insignificant dividend we really do not need. What we need is a better (PPS) market value. For that to be, we need serious investors able to believe this operation will survive the weight of a debt we manipulate without really reducing it.
You make me laugh with all you analysises. THE ONLY ISSUE keeping us in the deep is THE DEBT. Leon must find a way to improve this or else, non of us will live long enough to really see GRST's market value be what it should be.
Cutting EXPENSES is nice but not INVESTING in marketing to inform potential markets is a shortcoming that will keep limiting the growth of our business. Fact is we could have an extremely larger revenue\profit result if only our CEO accepted to tell the market about our offerings, instead of just covering the shareholders.
I have a joyfull retirement but also want to keep documenting the shortcomings and irresponsibility of our CEO. Till proven wrong, I shall keep factually report what is obviously the stubborness of our CEO.
Honestly whatever Leon says or other posters do write, I only care about the answer to 1 Question: ‘’How will we reduce the debt, the boat anchor that keeps our market value ridiculously low (more or less 30% of our revenues)’’?
I do not mind living thru a dilution IF the proceeds is aimed at REDUCUCING THE DEBT but all these Bubea’s analysises, Leon’s plans such as getting listed on the NY exchange following a huge R/S or other remixing of the same old sh.. are ridiculous.
The reason our market cap is more or less 30% of our revenues is that we have a huge debt and no mentioned plan to address it. For the moment, no investor believe Leon has a plan to reduce the debt any time soon (at least he does’nt even allude to a plan to do it) and most give no credibility to the success of this otherwise serious operation.
Issuing shares with intent to use the proceeds to reduce the debt or getting financial grant from government for that purpose seem to be the only ways to solve our issues. Only THEREAFTER, obtaining thereby credibility from the markets, all these beautiful ideas will be relevant.
Till then we will fool around with a sub sub sub 0 PPS for small traders.
Stupid but you may be right. Our CEO is so incompetent that nothing would surprise me anymore.
CSF (Critical success factors) – Posted in November 2021
Sometimes, a superior product disappears from the market. This was the case with Betamax expecting to replace VHS. Despite being technologically superior to VHS, Betamax lost market share until it eventually vanished. Companies that don’t implement effective marketing strategies and techniques that actually benefit their good products will find themselves among the list of marketing failures examples.
An R & D team works to create and define new products and features. The marketing team on the other hand focuses on bringing those products to market.
A marketing team should be qualified to define an overall vision and strategy. This team should then be responsible for defining, building, communicating and executing a product's go-to-market strategy.
The core skills and qualities required within each team are very different. These skills and qualities must be considered before determining which role is right for who within the organisation. I really hope our CEO will understand that soon.
Unfortunately the type of persons focussing on the R & D type of activities to often believe that : ‘If a product is good, it will sell’.
Let’s hope our CEO rapidly figures out that this belief is leading to failure.