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I got the warning on my TD account today about the August 13 date when buying will be restricted. I hope the fins start dropping or people will likely keep selling into price spikes.
You have been saying that for a while now, but honestly I don't understand why he'd want to keep the price low. The stock is Shawn's currency so wouldn't he benefit if it was worth more?
Please re-read the last sentence of my post. I said the price action is justified IF the CEO is deemed to be untrustworthy. I think the PR was short on substance, and the price action is what it is.
The fact that you attack me for that post says more about you and your motivations than me.
Have a nice day.
I think part of the reason for the continued sell off was that Shawn wasn't very transparent in yesterday's release, IMO.
For instance, based on the revenue that came in November and December, plus Shawn said they were operating at capacity for some of the past time, $1.8 million for the rest of the year doesn't make sense. Especially considering the build out should be done in the next month or so.
Also, given there has been a great deal of dilution this year, the fact that going forward dilution will be less isn't that comforting. There comes a point where ever increasing share count overwhelms whatever good news comes from company operations.
Shawn had plenty of time to put the PR together. Why couldn't he be more specific on the above items? Why no updates on the expansion or on Sparta?
If people see the CEO as untrustworthy, then the price action since the PR is rational.
As a long, why would I want this price? It's what we have though, despite predictions of some that we'd see 10 cents this year, 20 cents, or more. I sold 5 million of my 20 million shares today, and will be selling more in the days to come. I made an investing mistake with this one. *hit happens.
On the contrary, I've been a balance to those who have fallen in love with this stock, a fatal investing mistake. Most of what I've been cautioning about these last few months has come true. One might say I've been "looking for truth". And look at the chart if you don't want to take my word for it.
Why is anyone surprised by the price action today? What I read in the press release is that revenues are running at a rate of about 350k a month instead of $1 million that many thought we'd see, and that dilution will continue but at a slower pace. Should the price go up based on that?
What I didn't hear was confirmation that the expansion is on track (I bet that means it isn't) , or any update on the Sparta collaboration, or any news on other business initiatives like outpatient services. The market closed Friday at .0039 because investors didn't expect Shawn to come through with anything positive, and they were right.
That's far less revenue than people had been projecting. I'd like to know what the monthly run rate is. I guess longs DON'T know what they own here.
I follow two other OTC tickers, one has 15 posts on IHUB today so far and the other has 30. We have a hugely consequential PR coming Monday in my opinion and no apparent excitement today. Kind of a metaphor with what's been going on here, the proverbial tree falling in the forest with no one around to hear it.
Here's hoping Shawn makes a lot of noise on Monday, and ensures there's a lot of people listening.
Good luck to all of us. The biggest thing I'd like to hear about Monday is the revenue coming in, which I know folks have asked Shawn to address. Also going forward, other possible revenue sources ie. outpatient services.
I'll take credit for that!! Only kidding. Have a nice weekend.
I have a similar amount of shares, because I believe (or believed) not only in the current business model, but that it is easily expandable to other locations.
But of the five good things you mentioned we have to look forward to, we have no updates on four of them, and there's not a good reason IMO why not. They are critical to evaluating whether Ethema is living up to its potential. To quote Reagan "Trust but verify".
Even the most bullish here seem to acknowledge investors would benefit from getting more information from Shawn. So it may not be in Shawn's nature to communicate more than he is, but he has a duty to shareholders and to the company, and a higher share price is good for both and I think Shawn could easily help with that. Imagine a PR or tweet from Shawn speaking to these issues this weekend? Monday would be quite exciting.
Anyway, GLTA and looking forward to a better week next week.
I've been investing for a VERY long time, but not trading at all because I suck at it. LOL
Many on these boards have agendas and most are rather transparent, whether posting positively or negatively.
There are posters here like yourself who are comfortable with their DD and willing to wait for things to play out. I've been doing this long enough to know timing is important. I think the clock is ticking which is why I want Shawn to be more proactive in telling our story. Activist funds can be very successful in unlocking company value but of course we're under the radar.
I hope more investors reaching out to Shawn makes him more communicative.
but the point is, I think some folks are saying one thing.. but doing another:)
I think that works in both directions. I notice that some of the most bullish posters, who posted quite frequently in the past, don't seem to post here anymore. I wonder what to read into that?
I'm in complete agreement with most of your comments, but am not quite onboard with your final conclusion....yet. I'm hoping that the issue is that Shawn is inexperienced running a public company. I think the share price would be at new highs if Shawn communicated better. Besides wanting to know the revenue run rate and the status of the expansion, I want to know Shawn's plans for the company beyond Aria. Are there plans for additional facilities and how will they be financed? As investors our shares make us owners of the company and as such we deserve to be kept informed more than we have been.
Informing shareholders of material information is not pumping. Maybe not material in the sense that an 8K needs to be issued, but newsworthy enough that current or prospective shareholders can make a buy/sell/hold decision. The fact that the current expansion had been delayed was an unpleasant surprise in the last report. Why not let us know if it's back on track? My understanding was that revenues could not be booked until we owned 75% of ARIA. Since that happened why can't Shawn give us some ideas of what they are? Shawn has never answered my emails, maybe someone who has communicated with him can urge him to be more transparent.
Shawn keeps company information like the nuclear codes! There was a flurry of very brief tweets the last week of June, with the last one on July 2. He said in a recent PR he was going to be sharing information more frequently. I'd like to know what the monthly revenue run rate is, is the expansion on track, etc. To the posters who say that "we know what we have here", I'd ask how do you know? We hope, we extrapolate from older news items, but until Shawn starts communicating we're just guessing. C'mon Shawn, speak up!
First post here. We have to remember that we were up 50% last Friday. I have a large investment so would love to see the price move straight up, but this back filling is not unusual and probably makes the uptrend more sustainable.
To a new investor, the fact that "the deal closed" doesn't mean anything. Hopefully we don't have to wait for the 10Q for Shawn to give a little more color to the news.
Audits are expensive. Why would Koos have it done if he had going concern issues? Fake news.
You're not the name caller, but my posts calling those people out get deleted. Go figure.
One last point. What's the float now, 2.2 - 2.5 billion shares? And trying to sell a few million shares is like pulling teeth. Why? Whose job is it to tell the GRST story? It's not the evil market makers doing this. Just like you did your DD before buying, and I assume it was extensive, why can't Shawn put out the abridged version?
And I hate to say this, but based on the market action I would guess that once we do get the long awaited ARIA news there's only a 50/50 chance we get a lasting price gain.
I hope I'm wrong.
I'm done posting for a while. Some people react to an opposing point of view as if you insulted their mama! GLTA
I have said this is a self-inflicted wound. And didn't Shawn mention is the last news release that some of the money borrowed was to help with the communication effort? I guess he's thinking about hiring a IR firm, but has been discussed Twitter is free and would go a long way to stop the bleeding.
This is not investment advice, I'm just explaining what I'm doing and why. I don't pump or bash. I've learned a lot from many posters on this board, and I'm just trying to share my perspective.
It's not strange at all. It's because I'm a large shareholder that I periodically review my investment thesis to make sure it's still valid. Not all negative price action can/should be attributed to market manipulation. I had 25 million shares, and sold 2 million over the prior two weeks, and another 3 million early this week. I know for a fact, based on my selling, that it's contributing to the price decline and I'm sure that effect is amplified by other shareholders that feel the same way.
That doesn't make me disloyal, an idiot, stupid, or any other terms thrown around here. It's not up to shareholders to support the company, that's ass-backwards. It's up to Shawn to support shareholders. I feel he's failed in that responsibility, and I'm voting with my feet.
I'm more comfortable with a 10 million share position based the current situation, whether I can reasonable sell off enough shares in this low volume environment remains to be seen.
The market makers deserve the reputation they have, but not everything is their fault. Shawn says ARIA news is imminent, and some posters here think it will result in millions in revenue hitting the books. The price action says investors don't believe it. It's as simple as that.
20 million actually, but I did sell 3 million over the last couple of days. Time will tell whether that was a good move or not.
I think it's because investors are a little more skeptical of the story here (right or wrong) and having seen the value of the investment drop, and having bought in at higher levels, are taking advantage of price spikes to lighten up.
I didn't mean to insinuate that Shawn had plans to double the O/S, only used that as an example of what might be good for the company wouldn't be good for the shareholders.
Yes, the market cap is insane IF the company has the potential we think it has. I think most of us are willing to give Shawn the time he needs as long we have some updates that things are moving along. It was a shock to me that the expansion was not almost completed, and I don't know if the delay was a material fact that should have been communicated to us earlier. Hopefully we're not negatively surprised on other fronts.
It seems like it would be so easy for Shawn to lay out his vision to us for the next 6 - 12 months, and the current revenue run rate, with the usual disclaimers about forward looking statements.
One final thought: I bought GRST for the rehab facility(s) as I believe in the business model and the need certainly exists. I think the relationship with the Sparta Group and Covid Clear could be a distraction, and I'd be surprised if anything good ever comes from it. I've seen too many of these OTC stocks with a "fabulous" product that got investors all hyped up and turned out to be nothing.
I've emailed Shawn with my thoughts and agree that it can't hurt if others do the same, even if Shawn doesn't have the time or inclination to respond.
I understand your complaint, but as you know a company, especially a start up, needs debt to fund operations. The hope is eventually the revenues reach a point where the company is self-sustaining without needing more debt. Who knows if/when we get there?
I posted a while back that being a successful company does not necessarily mean the stock is a good investment. If the company doubled the O/S it might be a good source of funding but it would be terrible for shareholders. The existing 2.2 billion shares might not be a lot for the OTC but it still is too many shares in my opinion so I think debt is a better vehicle for sustaining operations.
Maybe this is a topic for Shawn to explain to shareholders some time soon.
I bought my last tranche at .005, sure that if that wasn't the bottom it was close enough. Buyers at .004 (now missing a pinkie toe) probably felt the same. Now it looks like buyers are trying to catch a falling knife.
I'd sure like to see the stock price put some distance between here and the LOD. Given recent price action, I'll have to close my eyes as we get close to 4 PM.
"I have heard from many shareholders that they would like to hear from me more frequently and I am going to work on an effective method to accomplish this."
Does he need to reinvent Twitter? Learn how to put out a press release with FAQs? How long will he take to work on an effective method? I'll volunteer to help him with this "project"!
What is concerning is the number of shares the seller(s) is trying to get rid of. How many must they have? If the seller sold over the next month or so he'd get a much better price than dumping so many in the last 2 days.
Appreciate the response. My comment about being down 70% since February was not being snarky, I just read too many posts from people claiming they're not worried because their cost basis is so low, and they haven't sold a single share. And of course that ignores the decline in their portfolio in the last several months.
Good luck with your trades as well. I've trimmed my position a little the last few weeks because I don't have the confidence in this I once had. Someone just posted that the company was making $1 million a month in revenue, and I think that's wishful thinking. Imagine what the stock price would do if Shawn shared that information with us!!
Ronald Reagan once advised "Trust but verify". With the price dropping consistently, and no updates from Shawn (despite having promised them) there's no way to verify the investment thesis on which I invested in the company.
Is there any point at which you would start to question your investment in GRST? The price drops below "x", or the 2021 revenues not showing up in Q2, or anything? Your cost basis may be much lower than where the stock is currently, but you're still down over 70% from February.
I'm okay with him not responding all the time, as I hope he's busy running the business. But communicating with everyone via Twitter, press release, or whatever would limit the number of investors reaching out individually.
I agree with this although I think we're in the minority. I have another concern. I choose to believe other posters when they say they've had an exchange of emails with Shawn, or a phone call, text exchange etc. even though the one time I sent an email I did not get a response. So why doesn't Shawn give an official corporate update to the entire investor base rather than giving bits of information to a select few? It looks kind of suspicious when apparently he's telling people information off the record that he won't put on the record.
I'll have what he's having. LOL
Fingers crossed (assuming it's good news) LOL
Shawn should fulfill his fiduciary duty and keep shareholders informed, and let the stock price do what it's going to do. What could be inferred by your comment is that Shawn is manipulating the stock price by withholding information.
Sorry to chime in, but we have to make a distinction between a good company and a good stock. For instance, if the company issued billions of new shares (not saying this happened, only as an example)to fund operations, that may be good for GRST and terrible for shareholders. And since we don't have a recent operational update we don't know how the company is doing. If delays in Florida approval is the reason we didn't get an update at the end of May, why can't Shawn tell us that? Someone posted that Shawn said we'd get an update this week. We're running out of time for that to happen. Any yes, I think this downtrend in the stock can be attributed to investor bailing and putting their money elsewhere.