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Tell everyone to read the articles and watch the videos but nothing about the filings? Anyone presenting what is in the filings is of course a basher. The filings betray everything this CEO has personally been promoting while these predatory lenders bank many hundreds of thousands converting relatively little debt. Yes, we all know new promos are coming and that the 153 million in registered shares are now ready to convert. The May 8K and press release announced that they received a notice trading platform now "...covers trading of both registered and unregistered securities on a blockchain..." The press release indicated receiving the added patent in June so expect yet another promo on this. What you likely won't hear about is that the trading platform is not allowed to operate and has been the case for years. We are looking at a bit more than the 153 million shares that went restricted at the end of 2023 that will be vested by the end of June. That 153 million shares represents the 25 million issued for the media contract, 71.25 million issued financing fees for loans, and the 56.79 million issued for warrants. ...Comment segment on page 55 of the annual filing "...and ultimately SEC approval of our digital trading platform...." The lack of efficacy of the proposed trading platform has been an issue for years because of regulations governing securities. The CEO reveals this in the filings and used to comment on it in the printed pubic statements. But he is converting debt now so bringing the subject up is not conducive for share selling efforts. The problem is that he is getting very little debt relief relative to the shares issued for conversions....
FORM 8K May 2024
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000067/blackstar8kmay142024.htm
May Press Release
https://www.sec.gov/Archives/edgar/data/1483646/000106594924000067/ex99.htm
When this patent issues in due course through the USPTO, anticipated in June 2024, BlackStar will have three patents issued that cover blockchain technology as applied to the traditional Broker Dealer Eco System.
Bubae
Re: burner67 post# 13724
Tuesday, May 07, 2024 10:14:24 PM
Post# 13728 of 13814
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174376080
Re: burner67 post# 14055
Wednesday, June 19, 2024 7:23:06 PM
Post# 14057 of 14065
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174625818
This wasn't a retail driven run. It was an orchestrated low volume walk up. The debt situation is not under control and is why they have finally stated to do something. Too little too late in my opinion. The new debt to buy this so called growth story is detailed in post# 50341 with the supporting links to the information. The promotion and shenanigans in June are intended to encourage the approximately 157 holders of this stock to hold as much as anything else. Besides the promotion driven hold those heavy holders of this stock also aren't getting the volume needed to sell into. Hold and hope as usual. This price level is a gift. Good luck trying move the 40 million shares you have. This time last year the company refinanced $2.3 million of mostly defaulted debt into a refinance operating lease deal representing a current liability of more than $9 million. This deal required personal guarantee contracts by both Shawn Leon and his wife Eileen Greene. Last year they were paying nothing on that defaulted debt and this year in the Q1 we see that they must pay on it now. Looking at a Q1 2024 cash burn increase of $150K a quarter just for the new rent expense alone.
Bubae
Re: None
Tuesday, July 02, 2024 9:04:04 PM
Post# 50341 of 50367
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174697005
For the fiscal year ended: December 31, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0000792935/000190359624000279/grst_10k.htm
Page 4
The last reported sale price of our common stock on the OTC Pink on May 6, 2024 was $0.0003 per share. As of May 6, 2024, there were approximately 157 holders of record of our common stock.
Like to see a link to that information. There are no bounds for you in promoting this trash is there? What does it pay these days to promote or did you really buy into this walk up?
I have been here for two and half years exposing this company using their own filings. You are by far the most aggressive promoter and seem to have the latest promotional material. So for me you are clearly a paid promoter and it fits with what has been going on for the last 30 days. After more than two years of this trading in the trips the company is getting aggressive trying to move the price. Starting with the sudden insider buys by the CEO's wife to backstop the price. The unusual 123 million volume on June 6th with no catalyst. The false form 4 that listed an incorrect price of $0.04 rather than $0.0004 resulted in several articles printed quickly that morning boasted about a $1.4 million buy for this company that had a $1.5 million market cap at that time. That little swindle resulted in 92 million shares being traded. These videos of this rant and Shwn's podcasts which are fantastic opportunities for me to reveal the tactics that they use to deceive,
So now lets dismantle the Markowski promo that you just posted with facts. First this guy has a lot of trouble completing sentences for the ten minuet piece. The first 40 seconds he is stammering along playing with his hair and says capital engine five times. With all the stammering and repeated statements and touching his head I'm thinking maybe he should be in a rehab facility rather than promoting one. He then goes into the size of the rehab industry and the potential which is always fertile ground for promotion over the years . I will focus on this and the other company (Acadia) that he is comparing Ethema to in another post.
He then goes into abuse by staff in the rehab industry. Last week while checking in on the trip and fall ( PREMISES LIABILITY) lawsuit against the treatment center to find another premises liability lawsuit filed.. Apparently a treatment center employee allegedly assaulted a visitor in the parking garage area of the treatment center. There is a quality employee if I ever saw one. 😆 The treatment center has a drive through parking garage area representing half the area of the first floor. This is a messy lawsuit filing full of errors including identifying the defendant as Addiction Recovery Institute of America (ARIA) which is not the registered name of the treatment center though Shawn Leon constantly refers to it by this name. That is a subject for yet another post.
At about 7:00 in he says that you all should just go in a buy it and expect 100 times your money, just go to your online broker and buy it. You have said in several posts that this guy has bought the stock. I see nowhere where he says this. With all that he is claiming he should be mortgaging his house buying, right? Much like Shawn Leon, the over the top rhetoric reveals that he is not to be taken seriously..
7:50 talks about revenue About 8:50 he says that they have debt that the are going to convert, no big deal. Later he goes on to boast about the revenue and even points out the $11 million number for assets. I go over this none sense of revenue and assets in post# 50236 linked below. Per teh chart on page one og the Q1 2024 filing current assets are $509,833 as of March 31st. Post# 50341, pinned at the top of tis board, details the debt that Shawn Leon has piled on since the crazy leaseback refinance scheme of 2023. You all really should watch the crazy video linked below.
Bubae
Re: Penny Stocks 2.0 post# 50234
Saturday, June 29, 2024 7:29:14 PM
Post# 50236 of 50360
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174680928
Bubae
Re: None
Tuesday, July 02, 2024 9:04:04 PM
Post# 50341 of 50360
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174697005
The Video
https://share.vidyard.com/watch/T7UNySg1pKnQ2EfgtFEyAx
Enter as guest, search using teh case number and use the dockets & documents tab.
https://appsgp.mypalmbeachclerk.com/eCaseView/
CASE NUMBER: 50-2024-CA-003275-XXXA-MB
The last OS update was done on June 27th and back dated to the 21st. The registered shares that were issued at the end of 2023 between the OS update December 22nd and December 31st are vested. Looking at the chart could it be that those shares are being dumped without the benefit of promotion? That wouldn't be the Joe we know. 😆 Links to the information for the restricted shares in post# 14101 below. The price for the 56,788,923 shares for the warrant were priced at $0.00062 a share. The remaining 96,211,077 were issued at $0.001 a share. I hope marc can cover that. 😆 Outstanding share update today back dated to the 21st. No change in the numbers but I always put my antenna up right after an update and watch for the next promotion. Watching for a reduction in the restricted on the next update if we get a promo. While the CEO has been running the five infomercials since the beginning of the year GS Capital had 257,704,832 shares to dump priced at $0.00006 after the stay expired on February 15th. The March 22nd infomercial that generated 119 million in trading volume likely moved a lot of that. We are looking at a bit more than the 153 million shares that went restricted at the end of 2023 that will be vested by the end of June. That 153 million shares represents the 25 million issued for the media contract, 71.25 million issued financing fees for loans, and the 56.79 million issued for warrants. The first two are priced at $0.001 with the balance being recorded as paid in capital calculated from the share price listed above par.
Bubae
Re: None
Thursday, June 27, 2024 1:20:09 PM
Post# 14087 of 14109
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174668656
Re: burner67 post# 13724
Tuesday, May 07, 2024 10:14:24 PM
Post# 13728 of 14100
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174376080
Hate to spoil the emotional fervor here with some facts but I believe the walls are finally closing in on Shawn Leon and company which is why I believe they have worked this up this month. The problem they have is that this move in price really hasn't done much for many because of the lack of volume. This isn't a good narrative, retail driven runup. The company added pile on the new debt for this new narrative and you have to wonder how they intend to service it let alone pay any of it. Not much new either since they have been trying to buy the current Evernia Treatment Center since the summer of 2021. Rent expense was $265,132 and $114,564 for the three months ended March 31, 2024 and 2023, respectively, an increase of $150,568 or 131.4%.The increase is primarily due to an increase in rental which arose on the acquisition of the building from our landlord and the immediate disposal of the building to a third party on August 4, 2023,... The balance on the Bauman note as of March 31st was $124,769 and can convert at any time and the third extension on the $250K Mirage Realty note was June 15th. According to the chart on page 17 of the quarterly the company took three draws on May 1st, 12th, and 14th totaling $320K. Then again in the subsequent events section we see another draw of $130,000 on May 15th for a total of $450K drawn on the credit line in May. The revolving credit line is secured by all assets, tangible and intangible of the Company and its direct and indirect subsidiaries, American Treatment Holdings, Inc. and Evernia Health Center, LLC. ...gross proceeds of $600,000, maturing on November 15, 2024... The Company has raised $1,200,000 in bridge loan funding to date and lined up an additional $300,000 to fund the expansion into the Boca Raton location when that is finalized.
This time last year the company refinanced $2.3 million of mostly defaulted debt into a refinance operating lease deal representing a current liability of more than $9 million. This deal required personal guarantee contracts by both Shawn Leon and his wife Eileen Greene. Last year they were paying nothing on that defaulted debt and this year in the Q1 we see that they must pay on it now. Looking at a Q1 2024 cash burn increase of $150K a quarter just for the new rent expense alone.
After the lease refinance deal of 2023 the company immediately started adding more debt. Bauman note August 9th 2023, Mirage Realty note November 15th 2023. The balance on the Bauman note as of March 31st 2024 was $124,769 and can convert at any time with an automatic conversion feature date of August 9th. The third third extension on the $250K Mirage Realty note expired on June 15th.
Revolving credit line of $1 million dated February 1st limited to 80% of receivables. They define receivables in the agreement that can be found in the 8K filed February 7th. They could have this line tapped out? On page 9 of the Q1 2024 filing we see the statement "...The Company’s receivables were $356,929 and $313,338 at March 31, 2024 and December 31, 2023, respectively..." They executed draws in May totaling total of $450K on the credit line. This credit line includes fees with each draw and earns interest at 60% APR. Credit line is "...secured by all assets, tangible and intangible of the Company..."
$1.2 million in new bridge loans, one of which dated May 15, 2024 for $600K matures November 15th 2024.This note has some nasty default terms including converting into shares of the Evernia Treatment center held by ATHI for essentially the 25% they just claimed to have purchased for $1.1 million.
They have just finalized the Boca deal and according to the May 17th press release they had $300K lined up for this. We won't know the terms and where that money came from until we see the Q2 but judging from the other finance deals so far for 2024... 🙄
Ethema Health has had Series N convertible notes in default since 2022. The chart on page 16 of the Q1 2024 filing shows an outstanding balance of $4,276,463. There is a note on page 17 about a new agreement extending the maturity dates to December 31, 2024. What is the plan for the rest of the year to deal with this you might wonder.
Page 24 of the Q1 2024 filing we see a newly created group of "Series R Senior secured promissory notes" introduced. It is a pretty convolutes section describing series "N" note exchanges and accrued interest of those notes being paid from proceeds. This section appears to represent the other half of the $1.2 million in bridge loans.
This is my list supported by the links to the filings but it likely doesn't represent all the new debt. Just what I have been able to dig up. Shawn Leon has been busy lining up some expensive short term patch loans. Now what? How long can he go on without the benefit of raising cash from the equity represented by the Ethema Health (GRST) Share structure?
Bubae
Re: Penny Stocks 2.0 post# 50234
Saturday, June 29, 2024 7:29:14 PM
Post# 50236 of 50339
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174680928&txt2find=net%2Bloss
Re: Think1st post# 50209
Friday, June 28, 2024 7:44:10 PM
Post# 50216 of 50340
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174677602
Re: None
Friday, June 07, 2024 9:07:49 PM
Post# 49945 of 50339
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174565220
Re: None
Sunday, June 16, 2024 2:43:59 PM
Post# 50049 of 50340
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174608088
...default interest at a maximum of 24% per month...
...The Senior Note, upon an event of default, may be converted into shares of ATHI at the rate of 1% of ATHI for each $24,000 of indebtedness, capped at $633,000...
NewMediaWire
Fri, May 17, 2024
https://finance.yahoo.com/news/ethema-acquires-25-minority-stake-134910442.html
https://www.sec.gov/ix?doc=/Archives/edgar/data/0000792935/000190359624000371/grst_10q.htm
Page 17
Series N convertible notes
The maturity dates of the Series N convertible notes were extended to December 31, 2024, with the exception of 5 series N convertible notes issued to one investor with an aggregate principal outstanding of $1,273,000, which was extended to December 31, 2025. No consideration was provided to the investors for the maturity date extensions.
Page 24
17. Subsequent events
Series R Senior secured promissory notes
The company entered into the Series R senior secured promissory notes (“Series R Notes”), as detailed below,...
Well Paul. One fact is true for the past couple of years. I bring the FACTS, supported by the filings with links for those conducting their own due diligence. You all on the other hand simply promote on nothing other than the words of Shawn Leon who I constantly discredit with the filings. I have so much material archived just in my old posts that I simply use the IHUB search tool and query key words. ''For those new to this stock beware of the nature of the character of'' BUBAE who obviously has an interest in disparaging Leon and\or the company!
Here is a challenge that I have often thrown out to you and anyone who believes they can defend this trash. Find any press release or podcast from this company and I will show you the deception using print from the company itself. Ethema Health used to issue al their press releases through GlobeNewsWire up until the beginning of this year. After that you need t go to yahoo finance to find the latest. It looks like they can't even afford the old outlet any more.
Below is the link to GlobeNewsWire for Ethema Health going back to 2018. You never have taken up that challenge in the past Paul because you know I can shut down any promotional attempt to use the words from the company using the facts from the filings alone. So go on with your 50% gamble narrative and do what you have for years and that is help Shawn Leon dupe traders out of their hard earned cash.
Ethema Health GlobeNewsWire press release History
https://www.globenewswire.com/en/search/organization/Ethema%2520Health%2520Corporation?page=1&pageSize=50
For those new to this stock beware of the nature of the characters running this company. I see a low volume walkup and a convertible note. The company has not been able to convert debt or attract any capital using their share structure with this story since February 2022. The company rolled out one of the best tactics I ever saw in February 2022. That is described with links to the information in post# 49668 posted below. It is rare that an OTC ticker can convert a $150K convertible note in what looks like a single day. They generated a volume of nearly 400 million shares the day after the tweet but I don't see them doing it now with this story. This effort may be for naught. Those new to this stock should be aware of the nature of those who run this company. They will need to fix this share structure soon in order to move those reg "A" shares and we may see a final dump of shares before this happens. An example is the Leonite share dump of February 28th 2022. February 27th Ethema Health announces a series of press releases to come. Twitter followers showed up the next morning to the tune of 200 million shares traded in the first 30 minutes running it up just over .001 where Leonite hammered it with the new shares. Four press releases and 654 million shares for the week and by the following Friday it was trading right back where it started. It was a pretty good tactic and shows what happens when a company and toxic lender collaborate.
Bubae
Re: None
Thursday, February 08, 2024 8:07:56 AM
Post# 49668 of 50221
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173800424
My bet is that you couldn't move any of the pile that you are sitting on either. 😆 It doesn't look to me like retail is taking the bait here. Not much point in walking it up if there are no buyers. I see the walls closing in on this borrowing Ponzi scheme of Shawn's finally. It isn't often that you see an OTC company that is unable to raise capital or convert debt with their equity. This has been going on since March of 2022 and all they have been doing is finding new ways to refinance. Shawn Leon may have to step up and guarantee another refinance scheme. Better hope that he can do better than the one last year. It isn't often that you see a company turn $2.3 million in defaulted debt into more than $9 million in long term liability. 19 million if it goes the full 20 years. Good luck converting that Bauman note. They would probably like to convert that in a controlled manner rather than see the automatic conversion feature kick in on August 9th. Can't say that I ever saw a note with an automatic conversion feature. Wonder why the lender wanted that provision? 🤔
For the quarterly period ended March 31, 2024
https://www.sec.gov/ix?doc=/Archives/edgar/data/0000792935/000190359624000371/grst_10q.htm
Page 17
8. Short-term Convertible Notes (continued)
Joshua Bauman
On August 9, 2023, the Company issued a convertible promissory note to Bauman, in the aggregate principal amount of $150,000. The note bears interest at 10.0% per annum and matures on August 9, 2024. The note is convertible into shares of common stock at a conversion price at the option of the holder at $0.001 per share, adjusted for anti-dilution provisions. The note is convertible into common stock at the option of the holder after the expiration of six months from the issuance date, in addition, should the note reach its maturity date, August 9, 2024, the note will automatically convert into shares of common stock at the conversion price, subject to anti-dilution provisions.
One thing for certain, this isn't a retail driven runup on this narrative. Since the June 11th volume of 92 million off the form 4 "error" the volume has been relatively light, as low as 25,000 shares traded on the 26th. As of May 2024 there were only 157 holders of this stock so most of you are two handled baggies. We are looking at an average of more than 23 million shares per holder. They aren't getting much of a bid build at each level so even if you guys want to unload some the buyers aren't there. Even today at one point the spread was from 6 to 8 with a zero bid a 7 despite painting a couple of trades at nine. So the inside buys are backstopping the low end and who knows who else is working it but fortunately for them there isn't much retail interest on the bid for potential sellers. You and the company may have price but you are stuck without volume. Another reason for the walk-up prior to the potential debt conversions is the effect that it would have on the warrant that Leonite holds that was renegotiated in June of 2023. Leonite is entitled to warrants totaling 20% of the outstanding shares count which is currently 745,810,761 shares. The basis price is $0.001 as it stands. However, if there is a dilutive issuance that price resets to the price of the dilution and shares are once again added to the warrant to the tune of 20% of the newly issued dilutive shares. The anti dilution language is on page 15 of the warrant exchange agreement linked below. I used the windows magnifier to view the document.
This is a low volume walk up and we know now an insider is helping with the manipulation. Those form 4s have been delayed a week so expect more from what I see. I'm convinced that the reason for the walk up is to get the price as close to the Bauman note conversion price as possible as to reduce the effect the dilutive issuance will have on the Leonite warrants. Leonite holds warrants equal to 20% of the outstanding share count. I believe this is also the reason the company is reluctant to split the stock for the offering. Post split the offering will represent dilutive issuances because this debt story will again not drive volume to maintain price.
For the fiscal year ended: December 31, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0000792935/000190359624000279/grst_10k.htm
Page 4
The last reported sale price of our common stock on the OTC Pink on May 6, 2024 was $0.0003 per share. As of May 6, 2024, there were approximately 157 holders of record of our common stock.
Bubae
Re: declaes post# 50271
Sunday, June 30, 2024 6:35:43 PM
Post# 50272 of 50302
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174683588
It will be fun to watch what they do with this manipulated level since June 5th. Shawn Leon just took on a lot of expensive and very short term debt for the story. They have walked this up rather easily so I wonder if friends and family may have been accumulating for many months since the market cap previously would have only been a bit more than $2 million. If they can lock it up they can walk it up. This walkup It is being done for a reason so watch what happens. The revolving credit line is secured by "...by all assets, tangible and intangible of the Company and its direct and indirect subsidiaries, American Treatment Holdings, Inc. and Evernia Health Center, LLC." Then again we see that the $600K bridge loan that matures November 15th "...upon an event of default, may be converted into shares of ATHI at the rate of 1% of ATHI for each $24,000 of indebtedness, capped at $633,000..." We also still have the original options for direct ownership of shares in ATHI securing the notes for start-up funds.
Shawn Leon looks to be way over extended in leveraging the treatment center for this short term debt. Shawn Leon boasts that the Evernia Treatment Center is wholly owned but they own nothing without paying off the expensive short term debt. To the extent that this is leverages see post# 50054 for the information with links. I want to see the end game because I believe this is worthy of a SEC complaint after they dump on retail.
Bubae
Re: janetcanada post# 50053
Sunday, June 16, 2024 5:48:39 PM
Post# 50054 of 50288
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174608433&txt2find=leveraged
Pump that very expensive new narrative financed with very expensive and very short term debt. 😆 Looks to me like the current tenant operating at the Boca location is simply turning the lease over to Evernia Health Center and selling them the associated assets, that being the contents contents. Looking at the filing it looks like Boca Cove Detox, LLC, an Arizona, company is bailing and Shawn Leon badly needs a growth narrative. Before this they hadn't added any beds in a couple of years. We have the third extension of the Mirage Realty note now passed as of yesterday of $259,514 as of March 31st. The balance on the Bauman note as of March 31st was $124,769 and can convert at any time with an automatic conversion feature date of August 9th. The company borrowed $450K in May against the revolving credit line at 60% APR, 5% a month. We see that Ethema Health also now has $1.2 million in bridge loans to deal with. I see a new $600K loan dated May15 that matures on November 15th and earned 24% per MONTH as a default penalty. This note can be converted into shares of the treatment center (ATHI) in the event of default.
Form 8K
https://www.sec.gov/ix?doc=/Archives/edgar/data/0000792935/000190359624000390/grst_8k.htm
Lease and Purchase agreement
https://www.sec.gov/Archives/edgar/data/792935/000190359624000390/ex10_01.htm
Bubae
Re: None
Sunday, June 16, 2024 2:43:59 PM
Post# 50049 of 50076
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174608088
Still watching for the three day window after another dilution driven sell off moonie. They didn't take advantage of the last one. Maybe didn't want to spoil the selling of the restricted for bills. Like I told you before, there is money to be made here playing the dilution with promotion game Joe is playing. Just pay attention to the conversion language on the two defaulted notes with outstanding balances of $584,079 in principle earning 24% interest. On the other hand those two notes have been in default since 2022, so there is that. Follow the money. While the CEO has been using the infomercials to promote the sales of the obscene debt conversions to OTC retail traders he isn’t attracting any investors. Even the toxic note holders are now taking a pass with one in a lawsuit and two others still owed $584,079 in principle earning 24% interest and have been in default since 2022. The short term notes of the past year have been from those personally known by the CEO but they aren’t buying preferred shares. They got pretty good deals on those nine month notes. 71,250,000 of those shares went restricted before December 31st "...as consideration for entering the note agreements in 2023..." and should be fully vested soon.
Bubae
Re: None
Sunday, June 09, 2024 6:29:10 AM
Post# 13991 of 14101
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174568638&txt2find=friends%2Bassociates
Time to pay some bills and the shares that went restricted have vested now. I will call out the new faces that show up who I suspect are paid promoters. Especially those who were promoting while this was above a penny with heavy dilution going on. These lenders are making hundreds of thousands off of what is but a pittance of debt relief. While the CEO has been running the five infomercials since the beginning of the year GS Capital had 257,704,832 shares to dump priced at $0.00006 after the stay expired on February 15th. The March 22nd infomercial that generated 119 million in trading volume likely moved a lot of that. We are looking at a bit more than the 153 million shares that went restricted at the end of 2023 that will be vested by the end of June. That 153 million shares represents the 25 million issued for the media contract, 71.25 million issued financing fees for loans, and the 56.79 million issued for warrants. The first two are priced at $0.001 with the balance being recorded as paid in capital calculated from the share price listed above par.
Bubae
Re: burner67 post# 13724
Tuesday, May 07, 2024 10:14:24 PM
Post# 13728 of 14100
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174376080
This company is at the top of the breakout board now because of what I see as manipulation that began on June 5th with the first inside trades. So I have posted a couple of possibilities for shares that they would like to dump in posts# 50221 and 50216. It looks to me like manipulation is certainly occurring and looking back the the trading activity departed from the norm beginning on June 5th with the first reported purchase of shares by the CEO's wife. Chart inserted below... The balance on the Bauman note as of March 31st was $124,769 and can convert at any time and the third extension on the $250K Mirage Realty note was June 15th. They are deploying a tactic to walk it up to make room for the conversions which will require a lot of new shares before the split.
Another reason for the walk-up prior to the potential debt conversions is the effect that it would have on the warrant that Leonite holds that was renegotiated in June of 2023. Leonite is entitled to warrants totaling 20% of the outstanding shares count which is currently 745,810,761 shares. The basis price is $0.001 as it stands. However, if there is a dilutive issuance that price resets to the price of the dilution and shares are once again added to the warrant to the tune of 20% of the newly issued dilutive shares. The anti dilution language is on page 15 of the warrant exchange agreement linked below. I used the windows magnifier to view the document.
Beginning to see why price matters and why they are reluctant to split the stock? It would appear that post split dilution to support an offering would once again be a dilutive issuance and again lower the basis price for the warrant and again add more shares. Leonite has had a choke hold on this company for years and bleeds it dry at every opportunity. Like a parasite Leonite just allows the host to survive to the point where they can continue to feed off of it.
Warrant Exchange Agreement
https://www.sec.gov/Archives/edgar/data/792935/000190359623000607/ex10_8.htm
Bubae
Re: None
Saturday, June 29, 2024 10:39:08 AM
Post# 50221 of 50271
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174679104
Consider another aspect of the current tactic that is being deployed is the 100 million shares that Eileen Greene, the wife of the CEO, purchased in June of 2020 then assigned to Ethan Leon, the son...
Bubae
Re: Think1st post# 50209
Friday, June 28, 2024 7:44:10 PM
Post# 50216 of 50271
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174677602
For the fiscal year ended: December 31, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0000792935/000190359624000279/grst_10k.htm
Page F-25
Warrant exchange agreement
On June 28, 2023 the Company entered into a Warrant Exchange Agreement with Leonite that exchanged a Warrant outstanding to Leonite originally issued on June 12, 2020 for a new Warrant dated June 30, 2023. The substantial changes to the warrant affect the number of shares in the warrant, the exercise price and the term. The original warrant provided for Leonite to have a continuing right to purchase a 20% share of the outstanding common shares until it expired on June 12, 2025 which was originally set at 326,286,847 shares. The new warrant is exercisable for 745,810,761 shares, 20% of the current number of common shares outstanding, with no allowance for adjustment, except normal adjustments due to splits or consolidations, until the new expiry date of June 30, 2027. The exercise price in the original warrant was $0.10, with allowance for adjustments, which when applied resulted in an exercise price of $0.0004 per share. The exercise price on the new warrant is $0.001 and is only adjustable if the Company issues any shares at a price less than the exercise price during the warrant period except for any issuance of shares to the Company’s president or related parties on any debt outstanding to those parties as of June 30, 2023, and limited to a conversion price of $0.0005 per share. The Warrant Exchange agreement was conditional on Leonite receiving a full payment of all of its outstanding loans originally set as by July 20, 223. This date was extended and all of the notes were repaid on August 4, 2023. Leonite held several notes at June 30, 2023, some of which were convertible into shares at variable rates, see notes 9 and 10 above. The total amount repaid to settle all of the outstanding liabilities was $1,449,000.
I can't believe that you long term pumpers here are not just absolutely ecstatic about Shawn Leon's talk about up listing to the New Your Stock Exchange. Don't you believe him? 🤔 You all will be rich when this is trading above $4.00. 😆
Back to the podcast linked below. At about 6:45 in to the segment a question comes in asking wouldn't it be better to get a QX status and raise money there first? Shawn Leon's answer pretty much says that it really isn't worth doing the split unless you are going to a senior market. He says that a QX or QB uplist would probably need a reverse split as well. So as it stands he has no confidence that he can even meet the $0.01 standard but somehow he is going to uplist to the NYSE and this will add value to the existing holders of the 3.7 billion shares. Now understand that he also claims in the podcast that any consolidation will be "accretive" for existing shareholders and will enable them to raise badly needed funds. Come on, he sounds credible doesn't he?
Ethema Closes on Purchase of Boca Raton Facility
NewMediaWire
Mon, Jun 17, 2024
https://finance.yahoo.com/news/ethema-closes-purchase-boca-raton-125741467.html
Our goals for the last two years have been to eliminate debt and expand, and we are now adding a third important goal which is to up-list to a senior market. Our plan is to seek a listing on the NYSE American exchange. This will require some major changes to the company capital structure to meet the listing requirements.
Listing Requirements of the New York Stock Exchange
https://venturelawcorp.com/listing-requirements-of-the-new-york-stock-exchange/
Pump it declaes. Don't let being wrong for several years temper the rhetoric. The stock closed at $0.005 on May 14th 2021 while you were calling for a dime. Same BS ever since. 🙄 GRST will hit 0.1 in 2021... I will keep saying it over and over again. Why? The company is growing they are making good money, paying off debt, expanding... really GRST is a no-brainer. Don't let this holdup make you nervous. There is a reason why the pps is stuck and it's a good thing. Judging by all the support level failures they are clearly converting notes. Get your average down and unload when they promote and this runs again in my opinion. They may be growing, but many here will pay for it with their losses which is typical in the OTC. Play it like a pump and dump and you will be happier in the end. All I have seen in recent months despite the endless promotion on this board is more share value destruction by the company and little communication about operations.
Bubae
Re: declaes post# 50168
Thursday, June 27, 2024 12:15:50 PM
Post# 50172 of 50259
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You had to know that I would call you out with the evidence on that comment. 😆 My comment on May 14th 2021 and yours and we have both been consistent since. I think that you look a little foolish considering the company dumped 1,316,204,675 new shares between March 31st and the end of 2021. But don't let being wrong for so long temper the promotional rhetoric. You should own your past comments, I stand by mine.
declaes
Re: cybermich post# 30133
Friday, May 14, 2021 9:58:53 AM
Post# 30135 of 50169
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declaes
Re: ron51ron51 post# 30136
Friday, May 14, 2021 10:10:28 AM
Post# 30142 of 50171
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Bubae
Re: NorfolkIP post# 30172
Friday, May 14, 2021 1:21:30 PM
Post# 30181 of 50122
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=163811739
For the quarterly period ended March 31, 2021
https://www.sec.gov/Archives/edgar/data/792935/000172186821000319/f2sgrst10q051921.htm
Page 26
The Company has authorized 10,000,000,000 shares with a par value of $0.01 per share. The company has issued and outstanding 2,262,849,130 and 2,027,085,665 shares of common stock at March 31, 2021 and December 31, 2020, respectively.
For the fiscal year ended: December 31, 2021
https://www.sec.gov/ix?doc=/Archives/edgar/data/0000792935/000190359622000192/sfs10kgrst033022.htm
Page F-28
The Company has authorized 10,000,000,000 shares with a par value of $0.01 per share. The company has issued and outstanding 3,579,053,805 and 2,027,085,665 shares of common stock at December 31, 2021 and December 31, 2020, respectively.
You were here pumping another tweet back on November 25th when this was trading above a penny. That tweet aged so badly that it isn't available any more. 😆 The removed tweet was from from hannahadad8890. Now you are autumnsdad1? Think this might age better than your last tweet? How well does this pay? Time to sell more shares is it not!?!
TommyBoyTrader9460
Re: dinogreeves post# 3749
Saturday, November 25, 2023 7:46:04 AM
Post# 3750 of 14097
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173292606
Hey, a new face. It is now time for the next pump to move those newly vested restricted shares, isn't it? We could see some action soon because we aren't certain about when those restricted shares were issued at the end of 2023. Post#13663 linked below shows why we can not trust the information from this period when using the details from the OTC site. I included screen shots for two updates in December which shows zero new shares issued between September 30th and December 22nd. We learned from the annual that shares were issued in November and not added to the two updates. We have 25 million shares issued for the media contract, 71.25 million issued financing fees for loans, and the 56.79 million issued for warrants. The warrants are priced at $0.00062 per share and the other two priced at $0.001 with the balance of the value stated recorded as paid in capital which can be seen on the chart on page F-5 in the annual filing. Who gets to go first! 😆 I bet the CEO will surely be running more infomercials while he coordinates conversions.
Bubae
Re: None
Wednesday, June 12, 2024 9:36:54 PM
Post# 14040 of 14096
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174590597
Yes Janet, the CEO bought $2,240 worth of stock at $0.079 a share back in 2018 when there were only 124 million shares out standing. Big spender. 🙄 He is a high net worth individual as a result of the Leon family furniture business in Canada? A trust fund baby from what I have seen because his business acumen is certainly lacking. Notice that the Leon's are currently owed $2,660,190 as of March 31st. They weren't dumb enough to take that as shares of the common over the years.
The CEO's wife has now made four trades for a total of $20,572 and judging from the activity the past few days we will probably see another in a week. She probably isn't working alone in walking this up since the 5th. Think maybe she is also selling the 100 million shares she converted for debt at $0.00025 a share back in 2020? Think maybe they are also making room to convert the $124,769 balance on the Bauman note before the split? What is the end game?
I doubt many retail will take the bait. I don't believe they will have the volume needed because the very expensive narrative they just bought with even more debt isn't convincing anyone from what I see. This price level is a gift if there is enough volume for some to bail.
Shawn Leon 2018 Form 4
https://www.sec.gov/Archives/edgar/data/792935/000172186818000742/xslF345X03/ownership.xml
For the fiscal year ended: December 31, 2018
https://www.sec.gov/Archives/edgar/data/792935/000172186819000199/f2sgrst10k041019.htm
Authorized, issued and outstanding
Page
The Company has authorized 500,000,000 shares with a par value of $0.01 per share. The company has issued and outstanding 124,300,341 and 123,239,230 as of December 31, 2018 and 2017, respectively.
For the quarterly period ended March 31, 2024
https://www.sec.gov/ix?doc=/Archives/edgar/data/0000792935/000190359624000371/grst_10q.htm
Page 17
8. Short-term Convertible Notes (continued)
Joshua Bauman
On August 9, 2023, the Company issued a convertible promissory note to Bauman, in the aggregate principal amount of $150,000. The note bears interest at 10.0% per annum and matures on August 9, 2024. The note is convertible into shares of common stock at a conversion price at the option of the holder at $0.001 per share, adjusted for anti-dilution provisions. The note is convertible into common stock at the option of the holder after the expiration of six months from the issuance date, in addition, should the note reach its maturity date, August 9, 2024, the note will automatically convert into shares of common stock at the conversion price, subject to anti-dilution provisions.
I'm blocked!?! I'm crushed! 😨😥😆😘 You wouldn't be the first to seek the safe space of the ignore feature here. The facts from the filings that betrays the CEO's narrative has been going on for years and he just keeps doing it. It looks to me like manipulation is certainly occurring and looking back the the trading activity departed from the norm beginning on June 5th with the first reported purchase of shares by the CEO's wife. Chart inserted below... Consider another aspect of the current tactic that is being deployed is the 100 million shares that Eileen Greene, the wife of the CEO, purchased in June of 2020 then assigned to Ethan Leon, the son....
I know about the form 4s including the one with the supposed "error". 🙄 Of the errors they could make on a form 4 they bungled the price. No matter, they got several articles written that morning boasting about the huge inside buy driving nearly 92 million in volume for the day and cracking 7 for the first time in years. The manipulation started on June 5th with the first purchase by the CEO's wife from what I see. They question is what they plan to do with it because these relatively small buys for manipulation isn't bringing in any very badly needed cash.
Bubae
Re: None
Saturday, June 29, 2024 10:39:08 AM
Post# 50221 of 50242
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174679104
I see no evidence to show that person has purchased any shares. Maybe sometime you can provide a link to support some of your gibberish? Now you are messing with someone's reputation because this stock is clearly trash in my opinion.
Well those are some funny numbers right? Lets see $11.5 million for assets. The Chart on page one of the Quarterly filing indeed does show $11,559,481 in total assets. You will note however that $9,316,039 under that column is listed as "Right of use assets" which is the lease liability as a result of the crazy purchase sale leaseback scheme. That number shows up as $9,427,628 in the liabilities section of teh same chart listed under "Operating lease liability". Total liabilities is $18,133,964. This is called a balance sheet for a reason.
As for your other numbers... The Q1 year over year numbers are below. They rolled the old defaulted debt up into the purchase, sale, leaseback, scheme resulted in an increase of 131% which is now burning badly needed cash. The year over year revenue is flat yet their salaries and wages increased by 23%. Your so called net profit is actually a net loss of $374,203 which is a 113% increase over Q1 2023.
For the quarterly period ended March 31, 2024
https://www.sec.gov/ix?doc=/Archives/edgar/data/0000792935/000190359624000371/grst_10q.htm
Revenues
Revenues were $1,300,100 and $1,300,046 for the three months ended March 31, 2024 and 2023, respectively, an increase of $54 or 0%.
Operating Expenses
Operating expenses were $1,529,175 and $1,225,020 for the three months ended March 31, 2024 and 2023, respectively, an increase of $304,155 or 24.2%. The increase is primarily due to the following:
Abbreviated list
Rent expense was $265,132 and $114,564 for the three months ended March 31, 2024 and 2023, respectively, an increase of $150,568 or 131.4%.The increase is primarily due to an increase in rental which arose on the acquisition of the building from our landlord and the immediate disposal of the building to a third party on August 4, 2023,...
Salaries and wages were $727,741 and $592,036 for the three months ended March 31, 2024 and 2023, respectively, an increase of $135,678 or 22.9%. The increase is due the increase in staff headcount during the current year.
Operating loss (income)
The operating loss was $(229,074) and operating income was $75,026 for the three months ended March 31, 2024 and 2023, respectively, an increase in loss of $304,100 or 405.3%.
Net loss
Net loss was $374,203 and $175,717 for the three months ended March 31, 2024 and 2023, respectively, an increase of $198,486 or 113.0%
Clearly you are new and restrict your reading to Shawn's press releases. That so called "Monster $9,000,000 CASH NEWS" is actually a 9,472,113 lease liability as of March 31st 2024 as stated in teh chart on page 16 of the Q1 2024 filing. Shawn Leon turned $2.3 of mostly defaulted debt into a lease liability that would require 9,472,113 if paid off now and Ethema Health would own nothing in terms of the property. The 20 year term for the lease would result in $19 million total. The Evernia Treatment center has a separate lease agreement with Evernia Health. Post# 48824 for details and links to the information. Monster $9,000,000 CASH NEWS obviously investors don't read. $GRST That is correct, the stock has been absolutely worthless to the company in terms of conversions and raising any capital so Shawn just continued to borrow to the point where the debt was, and is, in default. How desperate do you have to be to sign off on a deal for $2.3 million in net proceeds that was saddled with what appears to be nearly $1 million in fees alone. ($520,627.60 + $180,000 + $260,548 = $961,175) Now finance that and the $5.5 million for the treatment center over 20 years and end up owning nothing.
That deal was guaranteed by the personal financial statements of both Shawn Leon and his wife Eileene Greene. From the lease agreement Exhibit "C: Personal guaranty of Lease pages 54 to 59 to include Shawn Leon and his wife Eileen Greene. The Guarantee described from pages 64 to 71 of the lease linked below.
Re: pual post# 48815
Tuesday, September 12, 2023 6:18:15 PM
Post# 48824 of 50234
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172807554
It is crazy that Ethema Health (GRST) shareholders poured so much money into this treatment center financed with toxic debt only to have to buy it all over again! The only business that can do things like this are those that can print shares which inevitably is paid for by shareholder losses. Right now this company is sitting on worthless shares so what will they do to fix the narrative and share structure is the question. Do they further con existing shareholders for new conversions at this price level? It happened before, right?
Form 8K Purchase, sale, leaseback scheme
https://www.sec.gov/ix?doc=/Archives/edgar/data/0000792935/000190359623000607/grst_8k.htm
The lease
https://www.sec.gov/Archives/edgar/data/792935/000190359623000607/ex10_6.htm
And again for those new to this stock and don't really understand the manipulated narrative. At about 3:51 into the podcast segment Shawn Leon claims that there isn't any convertible debt on the books. Podcast linked at the bottom of this post. Judge for yourself. That comment was made on February 8th 2024. They made the same comment in their press release dated August 11th 2023 but we know from the filings that the convertible Bauman note is dated August 9th 2023. About the time that Shawn Leon made that comment on February 8th the Bauman note was eligible to convert per the language in the filing.
Ethema Closes on Real Estate Transaction and Eliminates Major Debt
August 11, 2023
https://www.globenewswire.com/en/news-release/2023/08/11/2723782/0/en/Ethema-Closes-on-Real-Estate-Transaction-and-Eliminates-Major-Debt.html
...This real estate deal has eliminated a lot of debt, including all variable rate convertible debt and the Company is now free to focus on growth.”
For the quarterly period ended March 31, 2024
https://www.sec.gov/ix?doc=/Archives/edgar/data/0000792935/000190359624000371/grst_10q.htm
Page 17
8. Short-term Convertible Notes (continued)
Joshua Bauman
On August 9, 2023, the Company issued a convertible promissory note to Bauman, in the aggregate principal amount of $150,000. The note bears interest at 10.0% per annum and matures on August 9, 2024. The note is convertible into shares of common stock at a conversion price at the option of the holder at $0.001 per share, adjusted for anti-dilution provisions. The note is convertible into common stock at the option of the holder after the expiration of six months from the issuance date, in addition, should the note reach its maturity date, August 9, 2024, the note will automatically convert into shares of common stock at the conversion price, subject to anti-dilution provisions.
So this podcast was conducted on February 8th according to the press release. At about 2:50 into the segment he starts to talk about the regulation "A" offering and states the offering price of $0.0012 is well above the current trading price and that he has investors investing at that level. So that was February 8th and the only reference in the filing to any subscription to the offering is on April 6th according to the Q1 2024 filing. Now when you read over the Regulation "A" prospectus you will find that the offering is only available to qualified buyers who are high net worth individuals. That offering subscription of April 6th is for only $2500. Second point to make that no shares have actually been issued. The share count hasn't changed since March 2022.
Ethema to Present an Update at the Emerging Growth Conference on February 8, 2024
February 06, 2024 08:00 ET
https://www.globenewswire.com/en/news-release/2024/02/06/2824259/0/en/Ethema-to-Present-an-Update-at-the-Emerging-Growth-Conference-on-February-8-2024.html
Mr. Leon will give an update on Ethema’s January 10, 2023 Emerging Growth Conference presentation on February 8th, 2024 at 3:55 PM and will subsequently open the floor for questions.
FORM 1-A
REGULATION A OFFERING STATEMENT
https://www.otcmarkets.com/filing/html?id=16997473&guid=twO-ka0h4YwfJth
For the quarterly period ended March 31, 2024
https://www.sec.gov/ix?doc=/Archives/edgar/data/0000792935/000190359624000371/grst_10q.htm
Page 24
Share subscription
On April 6, 2024, the Company entered into a share subscription agreement in terms of a Regulation A filing, resulting in the issuance of 2,083,300 shares of common stock for gross proceeds of $2,500 at $0.0012 per share
For the quarterly period ended June 30, 2022
https://www.sec.gov/ix?doc=/Archives/edgar/data/0000792935/000190359622000529/sfsgrst10q081122.htm
Page 24
Authorized and outstanding
The Company has authorized 10,000,000,000 shares with a par value of $0.01 per share. The company has issued and outstanding 3,729,053,805 and 3,579,053,805 shares of common stock at June 30, 2022 and December 31, 2021, respectively.
I viewed the podcast from early February of this year and the link is posted below. Lets bounce Shawn Leon's statements against what we know from the filings. This will take multiple posts because this guy was busy with the mis and Disinformation. At about 2:20 he starts talking about how everything they will be doing will be positive for shareholders relative to a stock consolidation and an uplist to a "senior exchange". Now when he talks about a senior exchange he is talking about the NYSE. 🙄 He states some people have asked are you going to wipeout the existing shareholders, not sure how you even do that.he says. That over the top press release reminds me of what they did at the beginning of 2020. Huge press release at the end of December 2019 boasting about a letter of intent to purchase a wildly profitable treatment center. Then in January 2020 still boasting about fund raising for this acquisition and stating that they were closing the doors on the only treatment center they had in operation. During the first eight weeks of 2020 they also dumped 1.3 billion new shares taking the price down to $0.0001 where it stayed for four months. They sold conversions as low as $0.00006 a share during this period. They wouldn't own a share of a treatment center again until the summer of 2021 and they are still trying to purchase it.
Shawn Leon knows exactly how that is done because he did it at the beginning of 2020. December 26th 2019 the stock opened at $0.0082 closed at $0.0055. By February 6th the stock traded as low as $0.0001 with a $0.0002 close. 2019 ended with 155,483,897 shares outstanding and by the end of Q1 2020 there were 1,577,862,975. According to the Q1 2020 filing they converted $531,005 worth of debt with more than 1.3 billion shares during this very short period. That is a lot of money taken from retail traders.
For the quarterly period ended March 31, 2020
https://www.sec.gov/Archives/edgar/data/792935/000172186820000426/f2sgrst10q092120.htm
2. Stockholders' deficit
a) Common shares
Authorized, issued and outstanding
The Company has authorized 10,000,000,000 shares with a par value of $0.01 per share. The company has issued and outstanding common shares of 1,577,862,975 and 155,483,897 as of March 31, 2020 and December 31, 2019, respectively.
Bubae
Re: None
Monday, June 17, 2024 4:10:08 PM
Post# 50074 of 50221
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174613997&txt2find=billion%2Beight
I have really gotten tired of those who pump up this CEO despite the misinformation that is revealed every quarter. Shawn Leon is a swell guy, right? He pulled off one of my favorite OTC cons of all time. 😆 The best tactic ever is described in my post# 49668 with links where Shawn Leon managed to get Leonite's 150 million conversion shares done in what looks like a single day. Shawn Leon rallied is loyal twitter followers in February 2022 and dumped $150K of shares on them. What a guy. This was the last time that the company was able to convert debt to equity. Those new to this stock should be aware of the nature of those who run this company. They will need to fix this share structure soon in order to move those reg "A" shares and we may see a final dump of shares before this happens. An example is the Leonite share dump of February 28th 2022. February 27th Ethema Health announces a series of press releases to come. Twitter followers showed up the next morning to the tune of 200 million shares traded in the first 30 minutes running it up just over .001 where Leonite hammered it with the new shares. Four press releases and 654 million shares for the week and by the following Friday it was trading right back where it started. It was a pretty good tactic and shows what happens when a company and toxic lender collaborate. That over the top press release reminds me of what they did at the beginning of 2020. Huge press release at the end of December 2019 boasting about a letter of intent to purchase a wildly profitable treatment center. Then in January 2020 still boasting about fund raising for this acquisition and stating that they were closing the doors on the only treatment center they had in operation. During the first eight weeks of 2020 they also dumped 1.3 billion new shares taking the price down to $0.0001 where it stayed for four months. They sold conversions as low as $0.00006 a share during this period. They wouldn't own a share of a treatment center again until the summer of 2021 and they are still trying to purchase it.
Then there is the 1.3 billion shares dumped in less than eight weeks at the beginning of 2020 taking the price down to $0.0001. Shawn Leon was pumping a letter of intent to acquire a treatment center with fantastic numbers that never actually happened. Details with the links to the information in post# 50074 linked below. Shawn sure is a honest guy. 😆
Bubae
Re: None
Thursday, February 08, 2024 8:07:56 AM
Post# 49668 of 50221
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173800424
Re: None
Monday, June 17, 2024 4:10:08 PM
Post# 50074 of 50221
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174613997&txt2find=billion%2Beight
It looks to me like manipulation is certainly occurring and looking back the the trading activity departed from the norm beginning on June 5th with the first reported purchase of shares by the CEO's wife. Chart inserted below. The current form 4 shows that her purchases represented a bit more than 25% of the shares traded on June 18th. The next purchase was nearly half the shares traded on June 20th. Notice that the form 4s have been coming about a week after the events. Only 25,000 shares traded on June 26th then 41 million traded the next day for no apparent reason so it would appear to me that the manipulation is ongoing. So for what purpose right? To create room to convert the Bauman note?
Consider another aspect of the current tactic that is being deployed is the 100 million shares that Eileen Greene, the wife of the CEO, purchased in June of 2020 then assigned to Ethan Leon, the son. I have found that this fact is only reported in the annual and simply as a foot note and they still had the shares as of December 31 2023. This conversion of $25,000 of debt to equity at $0.00025 a share by Eileen Greene was then assigned to the son. This arrangement was structured this was for a reason and didn't trigger a form 4 filing in 2020. So consider the possibility that they are moving the 100 million shares while the wife is working the price up before the split. They could then certainly use the tax loss credit.
For the fiscal year ended: December 31, 2020
https://www.sec.gov/Archives/edgar/data/792935/000172186821000220/f2sgrst10k041221.htm
Page 6
Recent Sales of Unregistered Securities
On June 1, 2020, the Company issued 100,000,000 shares to Ethan Leon, the son of our CEO in settlement of $25,000 of advances made to the Company by Eileen Greene and assigned to Ethan Leon,
For the fiscal year ended: December 31, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0000792935/000190359624000279/grst_10k.htm
Page 15
Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.
(2) Includes 500,000 shares held by Mr. Leon, a further 2,687,300 shares held by Greenestone Clinic, a company controlled by Mr. Leon, a further 60,000,000 shares owned by Leon Developments, a company controlled by Mr. Leon, 8,677,042 shares owned by Eileen Greene, Mr. Leon's spouse and 100,000,000 shares owned by Mr. Leon’s’ son.
They are working it up. Why do you think that is? It doesn't bring any very badly needed new cash into the company. The company has taken on $1.2 million in bridge loans, $300K for the acquisition, $450K on the very expensive revolving credit line, so roughly $2 million in the past couple of months to buy this new narrative that isn't getting retail excited. They need a good narrative to attract subscribers for those regulation "A" shares because those shares will be dumped on retail traders. I see no reverse split until they get the story right. They have a lot riding on that offering and the continuation of desperate measures should be expected. Took another look at that Mirage Realty note. I can't find the actual note filed but it doesn't look to be a convertible note. Explains why they keep pushing the maturity out a month at a time. Make you wonder how they intend to pay it and why another 30 days matters. The new maturity date according to the chart on page 17 is June 15th. The accrued amount due as of March 31st is $259,514. They needed to draw $450K from the very expensive credit line in May so they are spending like drunken sailors on leave while they have notes that have matured. The balance on the Bauman note as of March 31st was $124,769 and can convert at any time.
The balance on the Bauman note as of March 31st was $124,769 and can convert at any time and the third extension on the $250K Mirage Realty note was June 15th. They are deploying a tactic to walk it up to make room for the conversions which will require a lot of new shares before the split. Smart money will take advantage because the inside buying isn't likely fooling very many and the new narrative simply represents more debt. That is very short term and expensive debt. They have a lot riding on that regulation "A" offering and there doesn't appear to be anyone interested in subscribing to it. Shawn Leon better find some new cash soon or it will be coming out his own pocket or the lenders will be taking over the treatment center operation and leave the debt with Ethema Health. 😆 This stock is debt ridden trash.
Bubae
Re: None
Tuesday, June 11, 2024 8:40:21 PM
Post# 50025 of 50163
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174583740
For the quarterly period ended March 31, 2024
https://www.sec.gov/ix?doc=/Archives/edgar/data/0000792935/000190359624000371/grst_10q.htm
Page 17
8. Short-term Convertible Notes (continued)
Joshua Bauman
On August 9, 2023, the Company issued a convertible promissory note to Bauman, in the aggregate principal amount of $150,000. The note bears interest at 10.0% per annum and matures on August 9, 2024. The note is convertible into shares of common stock at a conversion price at the option of the holder at $0.001 per share, adjusted for anti-dilution provisions. The note is convertible into common stock at the option of the holder after the expiration of six months from the issuance date, in addition, should the note reach its maturity date, August 9, 2024, the note will automatically convert into shares of common stock at the conversion price, subject to anti-dilution provisions.
Page 18
9. Short-term Notes (continued)
Mirage Realty, LLC
On November 15, 2023, the Company, entered into a senior secured promissory note in the aggregate principal amount of $250,000 for net proceeds of $223,500 after an original issue discount and fees of $26,500. The note earns interest at 10% per annum and originally matured on March 15, 2024. The maturity date was extended to April 15, 2024, with no change to the terms of the note or any additional consideration paid to the noteholder.
That is the intent, right? Get the price up for a bid build. Next, another promo for volume then get some of that convertible debt taken care of before the split. Clearly manipulation given that only 25,000 shares shares traded yesterday. Like the nearly 92 million share day generated from the so called form 4 "error" that quickly resulted in several articles written that morning. 🙄 They will need some serious volume to move that Bauman note with a balance of $124,769. GRST up 40% and bid building!!!
Ethema Closes on Purchase of Boca Raton Facility
NewMediaWire
Mon, Jun 17, 2024
https://finance.yahoo.com/news/ethema-closes-purchase-boca-raton-125741467.html
Mr. Leon added, "I would like to thank the shareholders who contacted me regarding an error that occurred in a Form 4 filing, filed by my wife, Eileen Greene this past week, which misstated the purchase price of shares at $0.04 instead of the actual $0.0004 per share she purchased at. The error was quickly fixed and I would like to report that she plans to continue buying shares in the open market.
For the quarterly period ended March 31, 2024
https://www.sec.gov/ix?doc=/Archives/edgar/data/0000792935/000190359624000371/grst_10q.htm
Page 17
8. Short-term Convertible Notes (continued)
Joshua Bauman
On August 9, 2023, the Company issued a convertible promissory note to Bauman, in the aggregate principal amount of $150,000. The note bears interest at 10.0% per annum and matures on August 9, 2024. The note is convertible into shares of common stock at a conversion price at the option of the holder at $0.001 per share, adjusted for anti-dilution provisions. The note is convertible into common stock at the option of the holder after the expiration of six months from the issuance date, in addition, should the note reach its maturity date, August 9, 2024, the note will automatically convert into shares of common stock at the conversion price, subject to anti-dilution provisions.
funny isn't it? 25,000 shares traded yesterday and nearly 27 million shares trade so far today. Think maybe some inside trades are going on to move it up? Looks like smart retail is taking advantage of the 6s and 7s. This manipulation may be a gift for those who can bail before the split. Unload your shares on whoever is trying to move it. If it is the CEO's wife she could probably use the tax loss credit this year. 😆 Since I know Shawn Leon moves at a glacial pace it might be wise to play along with their little runup games. It would be fun to buy in order to sell into the manipulation.
Outstanding share update today back dated to the 21st. No change in the numbers but I always put my antenna up right after an update and watch for the next promotion. Watching for a reduction in the restricted on the next update if we get a promo.
https://www.otcmarkets.com/stock/BEGI/security
That's funny ronron I saw you alias often looking back. You were another who was posting on that day in May 2021. Think maybe we know now who was selling with 1.3 billion new shares dumped. 😆 We are staring to see who the long time Kool Aide drinkers are here. As of May 6th 2024 there were only 157 holders of this stock. Looks like many stand to lose a bundle here when the split is announced. You all who live in glass houses shouldn't get personal. I would like to know who will sell MM of shares @ 50 ??? ... 500 K already sold ha ha
ron51ron51
Re: cybermich post# 30165
Friday, May 14, 2021 11:19:40 AM
Post# 30167 of 50182
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=163807243
https://www.sec.gov/ix?doc=/Archives/edgar/data/0000792935/000190359624000279/grst_10k.htm
Page 4
The last reported sale price of our common stock on the OTC Pink on May 6, 2024 was $0.0003 per share. As of May 6, 2024, there were approximately 157 holders of record of our common stock.
You had to know that I would call you out with the evidence on that comment. 😆 My comment on May 14th 2021 and yours and we have both been consistent since. I think that you look a little foolish considering the company dumped 1,316,204,675 new shares between March 31st and the end of 2021. But don't let being wrong for so long temper the promotional rhetoric. You should own your past comments, I stand by mine. You have been doing that for the past 3 years and have been wrong on almost everything. GRST will hit 0.1 in 2021... I will keep saying it over and over again. Why? The company is growing they are making good money, paying off debt, expanding... really GRST is a no-brainer. Don't let this holdup make you nervous. There is a reason why the pps is stuck and it's a good thing. Judging by all the support level failures they are clearly converting notes. Get your average down and unload when they promote and this runs again in my opinion. They may be growing, but many here will pay for it with their losses which is typical in the OTC. Play it like a pump and dump and you will be happier in the end. All I have seen in recent months despite the endless promotion on this board is more share value destruction by the company and little communication about operations.
Re: cybermich post# 30133
Friday, May 14, 2021 9:58:53 AM
Post# 30135 of 50169
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Re: ron51ron51 post# 30136
Friday, May 14, 2021 10:10:28 AM
Post# 30142 of 50171
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Re: NorfolkIP post# 30172
Friday, May 14, 2021 1:21:30 PM
Post# 30181 of 50122
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For the quarterly period ended March 31, 2021
https://www.sec.gov/Archives/edgar/data/792935/000172186821000319/f2sgrst10q051921.htm
Page 26
The Company has authorized 10,000,000,000 shares with a par value of $0.01 per share. The company has issued and outstanding 2,262,849,130 and 2,027,085,665 shares of common stock at March 31, 2021 and December 31, 2020, respectively.
For the fiscal year ended: December 31, 2021
https://www.sec.gov/ix?doc=/Archives/edgar/data/0000792935/000190359622000192/sfs10kgrst033022.htm
Page F-28
The Company has authorized 10,000,000,000 shares with a par value of $0.01 per share. The company has issued and outstanding 3,579,053,805 and 2,027,085,665 shares of common stock at December 31, 2021 and December 31, 2020, respectively.
You got that right. The Bauman note has an unusual automatic conversion feature dated August 9th. We also do not have details for the "anti-dilution provisions". I would think Shawn Leon would like to get that converted before a split and it certainly will have an immediate impact on share price. I see 25,000 shares traded yesterday for less than $13 for the day. You think the new story is working? The balance on the Bauman note as of March 31st was $124,769 and can convert at any time. They would need to sell 249,538,000 new shares to cover that at $0.0005. Now consider the "anti-dilution provisions", so likely double that number if you are able to maintain an average price of $0.0005 while converting. That is just the one single note scenario. 😆 Whatever Leon does to eliminate some debt should have an immediate impact on our market cap (pps).
https://www.sec.gov/ix?doc=/Archives/edgar/data/0000792935/000190359624000371/grst_10q.htm
Page 17
8. Short-term Convertible Notes (continued)
Joshua Bauman
On August 9, 2023, the Company issued a convertible promissory note to Bauman, in the aggregate principal amount of $150,000. The note bears interest at 10.0% per annum and matures on August 9, 2024. The note is convertible into shares of common stock at a conversion price at the option of the holder at $0.001 per share, adjusted for anti-dilution provisions. The note is convertible into common stock at the option of the holder after the expiration of six months from the issuance date, in addition, should the note reach its maturity date, August 9, 2024, the note will automatically convert into shares of common stock at the conversion price, subject to anti-dilution provisions.
Ok 🙄 So the Leons convert debt to common at a price of $0.0012 and the new trading price rises to $0.0013 and remains there after an announcement of a 2500:1 reverse split and the post split dilution needed to raise cash from the offering. Yeah, that isn't is the realm of possibility right? That over the rainbow scenario of debt reduction does nothing for the real problem and that is the debt that is consuming cash flow to the extent that borrowing is required every quarter to cover it. The debt owed to the Leons doesn't effect cash flow because they are paying nothing on it. Took another look at that Mirage Realty note. I can't find the actual note filed but it doesn't look to be a convertible note. Explains why they keep pushing the maturity out a month at a time. Make you wonder how they intend to pay it and why another 30 days matters. The new maturity date according to the chart on page 17 is June 15th. The accrued amount due as of March 31st is $259,514. They needed to draw $450K from the very expensive credit line in May so they are spending like drunken sailors on leave while they have notes that have matured. The balance on the Bauman note as of March 31st was $124,769 and can convert at any time.
The company has taken on $1.2 million in bridge loans, $300K for the acquisition, $450K on the very expensive revolving credit line, so roughly $2 million in the past couple of months to buy this new narrative that isn't getting retail excited. They need a good narrative to attract subscribers for those regulation "A" shares because those shares will be dumped on retail traders. I see no reverse split until they get the story right. They have a lot riding on that offering and the continuation of desperate measures should be expected.
Bubae
Re: None
Tuesday, June 11, 2024 8:40:21 PM
Post# 50025 of 50163
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The Leons are owed $2.6 million and the only way they can get that out is to convert to equity. As a practical matter converting to the common presplit doesn't help the price but rather hurts it with the increased outstanding share count. Converting to common would be stupid even for the Leons unless they can use the tax loss credit. Most likely they convert to convertible preferred shares which would be nice in a post split world after they unload the debt on retail through sales of the common. Again how could they convert debt to equity and help the price other than by perception to dupe retail into buying the common. The NYSE uplist narrative is simply stupid in my opinion. They would need a healthy slit to support the regulation "A" offering and a simple OTCQB up-list.
The last time they had the QB certification was in 2019 and the share float was 41,759,371. Look at the shares the Leons held relative to the outstanding share count in the QB certification document. As of March 31st 2019 the outstanding share count was 124,371,452. The OTCQB certification document for May 2019 shows the Leons held 80,389,234 shares. How that is broken down in terms of the preferred I have not look at completely but I see 4 million shares of series A preferred held by the CEO's wife in the 2019 Q1. Now consider the post split Ethema Health share structure and the Leons converting $2.6 million to equity. Do a second split and they could pretty much own it with the ownership of the preferreds. 😆 But they need to do something about the debt or they own nothing in reality. That is where retail and the sales of common stock comes in.
For the quarterly period ended March 31, 2019
https://www.sec.gov/Archives/edgar/data/792935/000172186819000268/f2sethema_10q.htm
15. Stockholders’ deficit
a) Common shares
Authorized, issued and outstanding
The Company has authorized 500,000,000 shares with a par value of $0.01 per share. The company has issued and outstanding 124,371,452 and 124,300,341 as of March 31, 2019 and December 31, 2018, respectively.
2019 OTCQB Certification
https://www.otcmarkets.com/otcapi/company/financial-report/219622/content
Number of shares in the Public Float: 41,759,371 as of May 13, 2019
For the quarterly period ended March 31, 2024
https://www.sec.gov/ix?doc=/Archives/edgar/data/0000792935/000190359624000371/grst_10q.htm
The original regulation "A" offering was filed in October 2022. The last amended filing was October 2023 and was qualified in November 2023. To date they have managed to get a subscription of $2500 in April. If they don't split the stock and price the offering at a steep discount to market they won't be raising any funds with this offering. That is the way reg A offerings work they are like toxic note dumps because regulation "A" shares can be dumped into the market immediately. I look for Shawn Leon to issue a promotional press release once he gets agreements from subscribers to the offering to generate some volume for existing conversions before a split.
Having a subscription to the offering doesn't mean that they actually hold the shares at that point. If you notice, the 2,083,300 shares for the $2500 subscription hasn't been issued yet. The outstanding share count hasn't changed in a couple of years. The company won't get subscribers in earnest without the expectation of a split to support it and a business narrative that would allow those subscribers to dump the shares on retail.
FORM 1-A
REGULATION A OFFERING STATEMENT
https://www.otcmarkets.com/filing/html?id=16997473&guid=twO-ka0h4YwfJth
For the quarterly period ended March 31, 2024
https://www.sec.gov/ix?doc=/Archives/edgar/data/0000792935/000190359624000371/grst_10q.htm
Page 24
Share subscription
On April 6, 2024, the Company entered into a share subscription agreement in terms of a Regulation A filing, resulting in the issuance of 2,083,300 shares of common stock for gross proceeds of $2,500 at $0.0012 per share
For the quarterly period ended June 30, 2022
https://www.sec.gov/ix?doc=/Archives/edgar/data/0000792935/000190359622000529/sfsgrst10q081122.htm
Page 24
Authorized and outstanding
The Company has authorized 10,000,000,000 shares with a par value of $0.01 per share. The company has issued and outstanding 3,729,053,805 and 3,579,053,805 shares of common stock at June 30, 2022 and December 31, 2021, respectively.
On February 28, 2022, the Company issued 150,000,000 shares of common stock to Leonite in connection with a conversion notice received, converting principal of $149,250.
Let me help you clear up one of your many false statements. March 22nd saw the release of the 8K, press release and a video driving 119 million in volume for the day and the price couldn't crack $0.0002 for a close. The CEO pulled a full court press and G.S. Capital made a fortune off those conversions priced at $0.00006. Some may see that as a typo but the price was $0.00006. There was even a 6th video that was advertised but it was only a clip of a few minutes taken from a previous interview. Actually it has been 3 interviews from what I can tell and not 5.... The 119 million volume was not due to an “informercial”, it was the result of the press release stating that BEGI would receive a second patent which was huge news and should have absolutely been revealed to the public at the time it was.
Friday, March 22, 2024 9:36:48 AM
Post# 12263 of 14081
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Latest interview!!!!!
Facebook Video Release
https://www.facebook.com/61558666075116/videos/jane-king-interviews-blackstar-ceo-joseph-kurczodyna-on-new-to-the-streettrading/790844789340664/?mibextid=w8EBqM&rdid=Z69Pg1GgDZ71gTlW