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A couple of things about this post need to be addressed, so people don't get confused.
First, as declaes pointed out, the OS is 2,262,849,130, not even close to 262 billion.
Lots of OTC companies have to take convertible loans to keep things going. When the notes convert, it does dilute, and the pps often drops (as we did when we dropped from .015 to .005. However, the OS with GRST is well within the acceptable range of a healthy OTC company. Once conversions stop, the pps can generally rebound, and often fairly quickly. This is why we say there hasn't been an increase to the OS in over 5 weeks. If you have been keeping up, I posted here that Shawn said the last round of conversions was from the note holder who provided funds to open the facility. It is possible that that holder may have more overhang, although it shouldn't be much, if any, and contrary to what others have said, there has been no dilution lately.
Shawn has said that they will try to pay off the next round of convertible notes coming due in June prior to conversion. If they are filling up the beds as expected, there is a good chance that this happens.
Just to let you know, the company isn't getting money from us when we purchase these retail shares. They have already been paid for the shares they issued, and only the note holders are the ones making money off of the shares that were converted. Only if a new offering is approved would the company receive the money.
Many of us are in the same boat here, and it can be frustrating when the pps falls or things don't seem to go our way. But let's make sure we are putting the correct facts out there. I know what I own, and IMO this company is a good one to grow with over the long term. Hopefully we will all make some good money together with GRST, and feel proud to be a part of a company that does such wonderful things by helping those in need.
GLTU! GRST
Once we get some volume coming in, things will really heat up. It could be as soon as we hear from the company.
GLTU! GRST
Yes, I understand that. It would be nice to hear something from him though.
GLTU! GRST
I'm holding, and adding. IMO, these prices won't be around for too much longer, so I'll take advantage when I can.
GLTU! GRST
I heard from Shawn by email last week, and can assure you that he said we will have a PR early this week. He has not responded to the follow up email I sent yesterday, so I'm not sure what the reason is. I believe in putting the facts out there, and I neither pump & dump, nor do I bash stocks. I have faith in the company, even if it gets a bit frustrating at times. And I have over 19M reasons why I'm here and have not sold one share.
GLTU! GRST
I'd like to hear about whether they have expanded to 52 beds yet also. If not, that should be coming soon.
GLTU! GRST
Just to let everyone know; since we have not had a PR from the company this week, and Shawn replied to my email last week saying we would, I emailed him this morning. He has not responded yet, but I will post here once he replies.
GLTA! GRST
I'd like to see better communication, but Shawn doesn't believe on giving out any fluff at least. I believe that this company and stock will grow substantially this year, and will be holding long term.
GLTU! GRST
It doesn't matter which financial market in the US you are trading in, if you are manipulating stock prices you are subject to legal recourse by the SEC. If enough complaints are made, then hopefully the SEC will look into it.
GLTU! GRST
Great points OTCShotCaller!
GLTU! GRST
Exactly Chris! However some just want to shout dilution as a way to manipulate the pps down. We know this hasn't happened in over 5 weeks according to OTCMarkets.
GLTU! GRST
I think GRST is a great value. However, there is a lot going on again today with OTC stocks being down that has nothing to do with the companies themselves. The OTC as a whole is taking a beating today.
Hopefully Shawn provides the PR soon that he said he would. At least we know that through yesterday the share structure has not changed in well over a month now, so there have been no conversions.
GLTU! GRST
Stock manipulation is definitely illegal, so please don't be giving out incorrect information. A pump and dump is illegal, just as is bashing and claiming dilution when it isn't happening, to drive down the price of stock.
Those who are manipulating can be reported to the SEC through this link: https://www.sec.gov/whistleblower/submit-a-tip
"Market manipulation is illegal in the United States under both securities and antitrust laws. Securities laws and related SEC rules broadly prohibit fraud in the purchase and sale of securities, and the Securities Exchange Act of 1934, Section 9, specifically makes it unlawful to manipulate security prices."
I'm hoping the PR we get next week will provide some guidance as well. Things are definitely moving in the right direction, and will just take a bit of time to get there. This should definitely be a good year for GRST.
GLTU! GRST
Great info. This is a great long-term hold for me, and I look forward to watching GRST grow from quarter to quarter.
GLTU! GRST
Appreciate your insight WS. I emailed Shawn about the revenues as well as to see if a PR was planned. His response to me was, "Yes we will have some pr early next week. The deal is close din escrow so it is not technically on our books yet, and wont be until 2nd quarter. The change of ownership has to be approved by the agency controlling facilities and then it will close. We are in that process now."
So it seems that because the ownership hasn't officially changed that revenues will not hit until Q2. I was hoping that the Q1 10-Q would show increased revenues in May. Hopefully the PR next week provides some clarification.
GLTU! GRST
Let's see that 10-K!
GLTA! GRST
Sadly this may be true, but if criminals aren't reported then nothing will be done for sure. Stock manipulation is a crime, and can be reported at https://www.sec.gov/tcr.
The OS can be easily found on otcmarkets.com, and it clearly shows it has not risen in over a month now. Don't pay attention to anyone saying there is dilution. They are clearly trying to manipulate the stock and will be reported.
GLTU! GRST
I'm looking forward to the 10-K sometime today, although don't expect too much in revenues from Q4. We know they had around $600k in revenues in Nov and Dec, prior to receiving their full license, and without all of the insurance carriers that they have now.
Q1 should show a substantial increase in revenues, as will the following quarterly reports. Hopefully we get some forward looking guidance in the 10-K that will provide more info and could be a great catalyst for the stock.
GLTU! GRST
Retail doesn't sell at .00515, only the MM's do. There were over 3.5 million shares on the ask @ .0053 when I submitted a limit bid for .0053 and it filled at .00515. CSTI was playing games when he was showing the 3.5 million ask wall.
More games today by CSTI and GTSM. Both have sold to me for less then they are on the ask for. Why would CSTI sell a .0053 limit order at .00515?
It doesn't make sense, other than to drive the price down. Can't wait for this to run and take them out. I think we're getting close.
GLTA! GTST
Great post!
Those who keep saying there has been dilution in the past few weeks either don't know what they are talking about, or are trying to manipulate the stock. Manipulation is illegal and the SEC will investigate securities fraud. A report can be made through this address: https://www.sec.gov/tcr
GLTA! GRST
While there have been known dilutors on the ask, it is easy to see if dilution has been happening. GRST has a TA that updates the SS regularly, and you can easily see that no new shares have been added for over 3 weeks, up through yesterday. As Shawn said, the previous dilution was overhang from the opening of the facility. Hopefully there is not much left.
Everyone should be doing their DD, and keeping track of this. Those that say there has been dilution the last few weeks obviously haven't paid attention to the OS on OTCMarkets.
https://www.otcmarkets.com/stock/GRST/security
GLTA! GRST
Whoop!
You're right, I think there's too much money for the SEC to go in and clean house. While the MM's are needed in the OTC, they also have too much power and the ability to easily manipulate. I'm not sure how it ends either, but there do need to be some changes made.
GLTU! GRST
I do too, and think that seeing where this is at the EOY is a good plan.
GLTU! GRST
IMO, you are correct on multiple fronts here.
The soon to be released 10-K will show increased revenues, but don't expect too much. The 10-Q in May will show almost a full quarter of revenues with multiple insurance companies, and increased headcount as the facility is filling up. Each Q should continue to improve throughout the year.
I also agree with you on the hedge funds (along with the MM's) and the illegal naked short selling. Ever since the Gamestock fiasco, I feel they have had it out for all of retail, and watching L2 it is easy to see things happening that shouldn't be. Unfortunately, other than reporting it to the SEC (which has been done) or bringing it up to Congress, there is not a lot of power that retail has.
GLTU! GRST
There haven't been any shares added since mid March, and those were overhang from the convertible notes sold to noteholders to open the doors last year.
No shares have been added in over 3 weeks according to OTCM. I emailed Shawn (almost a month ago) after the last increase and posted what he said here, but basically it was overhang from debt used to open the facility that converted. It was not the company selling shares, but the noteholder.
Not sure if there is any left, but it shouldn't be much if there is. He stated that the plan is to pay down debt with spare cash.
OTC stocks have been getting hit hard, and with the exception of a few runners, the majority are down over the past month or two. Things have definitely been on the downturn. I am holding my GTST because I believe in the CEO, the company and what they are doing, and because I feel that it will be worth quite a bit more in the relatively near future. This is no "get rich quick" stock, but it is one worth holding if you're patient, IMO.
GLTA! GRST
The AS has been 10 billion for some time now. In fact, last year Sean had mentioned that he was considering a lowering of the AS.
I guess we'll find out if that's all they are doing on the next update.
GLTU! HCMC
Unfortunately, this is going nowhere until OTCX stops reloading over and over.
Almost! We will be there very soon subs!!!
GLTU! TSOI
I've been here about 10 months now, and we've come a long way. And there is so much more potential. You're right, with all of the irons TSOI has in the fire this will explode (IMO), and there is nothing that the MM's can do about it. Looking forward to a great 2021!
GLTU! TSOI
Wow, the MM's look like they're really trying to take it down at open. WTH
GLTA! TSOI
Nicely done. Those will look great in the near future, and you helped by smacking the ask.
GLTU! GRST
Nice close, after some great news today. Looking forward to watching this continue to rise throughout the year.
GLTA! TSOI
It's still over a .01 spread. WTF?
I don't like to use Yahoo's numbers, as they are notorious for being incorrect. Here is the last 10-Q ending Sept 30, 2020 from OTCMarkets: https://www.otcmarkets.com/filing/html?id=14506428&guid=yz3aUeBRfGMZ93h
It shows revenues for the year through Sept 30,2020 to be $255,672. Remember, ARIA didn't open up its doors until late Oct, or possibly Nov (a PR said Oct 1, but I don't think they had paying patients until later). So the revenues in Q4 should be a big increase over the first 3 quarters of the year. And Q1 of 2021 should be a big increase over Q4 of last year.
With news of the ARIA expansion being complete, increasing revenues, beds being filled to capacity, news of future expansions, and any other news that comes our way, GRST should continue on a steady incline in pps throughout the year, IMO.
GLTA! GTST