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Last I checked it was like 77 million.
Big news with the ask stacked. Senior lender looking to get out? The company on the ask? Barely any volume on this kind of news although the ticker is trending on ihub.
Overall great news! Bashers can go back in their hole with this news.
$GRST
One final post… I checked the L2 a couple of days ago and the top bid was 75 million shares and I think the next bid was 35 million so there is interest at this price so hopefully that can put things into perspective for the longs on this ticker.
$GRST
Yeah current financial report states that there are no legal proceedings going on against Ethema.
See you next quarter
GLTA
Ethema continues to tread water with 1.3 million in revenue for 3 months. 500k+ in receivables up from 300+k in December not included in the revenue figure.
The receivables are the income drop in the bucket scenario that I saw as a potential here. This revenue potential could out earn its debt issues if the company continues to tread water and kick the can down the road debt wise.
The receivables will continue to grow and in the financials they state that this figure is a realistic number that could be received in the future.
The debt is a issue, I’m not sure how they will expand to a new location but the demand is probably there.
My two cents… take it for what it’s worth and read the financials yourself to come to a conclusion.
Holding or bust
GLTA
Past financials stated that no litigation was going on against Ethema.
There's still good deals out there and I believe GRST is one of them. To illustrate on a personal financial level I recently bought some shoes from the underworld for $25 and if authentic is mind blowing and pinhole glasses for $8. All much needed items to spend your money on which the Fed is considering with people's spending habits. Now will that translate to the GRST situation and they will succeed we'll see. I believe that the company will be seen as necessary.
Good Luck Hold tight in my opinion
All I know is that I can't freely do my business in the bathroom and if that's a indicator of the constrained market we're in then it will tell you that this ticker isn't going to run soon or probably anything else.
That business we're all in not to get too weird is an indicator of the market and if a CEO is having a hard time pushing one out then it will effect money lending and spending etc something that Leon is hoping to happen.
Now that said the business he's in is in high demand and as a defensive play there may be a need for his services and room inside the bunker.
GLTA
$GRST
Of course the share structure was different at .10 and the location expansion relies on the success of the Reg A offering. I’m still bullish.
1,000,000 premarket buy
The talk of location expansion in today’s Press Release is a good sign of CEO intent and follow through including the continued commitment for debt reduction from the last time the company was operational. The last time the company was operating the share price was at around .10 or more and at that time they were not as profitable.
$GRST
I forgot… a reason why we are at these valuations is that the company wasn’t operating previously and was around 10 cents before. A new share structure and debt add to the crappy share price.
What would be the share price be if you took the old share structure and applied it to the new bloated share structure?
Then add in that the ARIA is currently at patient capacity and needing to expand and maybe you could get a proper valuation but this share price is garbage for this company.
AIMO GLTA
Potential expansion of a multi million dollar generating company valued in the triple zeros? What’s the story with that valuation? Haha These share prices are at bankruptcy valuation levels.
Boom or Bust!
I’m in this for the thrills and we could be in for a ride in the months and years ahead.
GRST SEC Reg A filing states
“Through this Offering, we are looking to expand our operations through acquisition of, and partnership with, other treatment facilities. By integrating operations and reducing redundancies, we can offer an efficient and effective treatment plan to service the unique and varying needs of our patients.”
https://sec.report/Document/0001903596-22-000650/
$GRST
The bid has been around 200 million at 4 for a couple of days. I didn’t see today’s LII. Not much has been filled of that 200 million. That’s a lot of shares on bid.
Ask orders have been in the 15 million 10 million range unfilled.
$GRST
Quote from the offering circular filed with the SEC in regards to the possible acquisitions and partnerships with other facilities.
“Through this Offering, we are looking to expand our operations through acquisition of, and partnership with, other treatment facilities. By integrating operations and reducing redundancies, we can offer an efficient and effective treatment plan to service the unique and varying needs of our patients.”
Will this merger and acquisition talk become a reality through the offering? I don’t think a reverse split plays into the cards on this one. All in my opinion.
If they sold the 4 billion shares in the Reg A the AS would have 2-3 billion left at a higher share price with lower trading volume. If you held onto your shares then you possibly could see a buyback after the company handled its debt with the Reg A and company growth.
This is a positive outlook counter to a reverse splitting share mill scam that is also being talked about on the board here.
I leave it up to you on how you want to invest or who’s perspective to consider. It’s all in my limited perception and knowledge.
Q3 and Q4 could be good and Leon is thinking the Reg A at .0012 will entice bargain hunters after the price goes beyond .0012 on strong growth.
Continued talk from Leon on expansion beyond the current location and possible merger, mergers.
Will the market move this beyond .0012 with the Q3, 10K filings? The need for a reverse split is speculation and doesn’t jive with press releases or financial reports showing growth.
We have around a month until the Q3 comes in.
All in my opinion GLTA!
$GRST with the intentions to expand beyond their location could potentially out earn their debts at a faster pace.
GRST looking to expand. How is that fluff for the price action? Is anything moving in the OTC I don’t know really.
Around 35 million on the ask when the PR went out and I doubt much was filled. 90 million in volume for the day.
I’m amazed that GRST is in the triple zeros and looking to expand a multimillion dollar business licensed by the state.
I don’t know how more legit a ticker can get as far as not being a scam with state audits.
Buy and hold in my opinion or bust. I’m waiting for the rumored buyback down the road and then my position multiplies in value.
$GRST
Here’s the link to the “strong” Q3 cash flow beginning to make payments on debt.
Remember the OS hasn’t changed…
so default notes haven’t converted and hopefully they are being brought current now that Q3 is ending.
https://finance.yahoo.com/news/ethema-posts-strong-revenue-guidance-160700916.html
I was going from off hand memory about debt payments cutting into net income and I found this press release mentioning it but I thought I was correctly paraphrasing the CEO’s statement from possibly another source.
I’ll keep looking but the CEO has put out a press release stating that Q3 cash flow will be used for debt payments. I’ll make another post with the link to Q3 cash flow statement.
Here’s the link to a GRST press release on “debt expenses” cutting into profit.
https://finance.yahoo.com/news/ethema-posts-positive-q1-results-200000986.html
If Leonite were to call the note after March 2023 what would they gain? They would have two properties with large mortgages and a treatment business.
I guess they could make something of that. What if other financing or continued financing through Leonite occurs? How will the debt matter then?
Accordingly the CEO has a commitment to reduce debt . That and a good revenue through a business in demand will eventually pay off the debt that is moving around from different lenders.
Read the past press releases about the statements from the CEO saying that debt payments were what brought down net income. He also stated in press releases future Q3 cash flow would make payments possible and I’m guessing bringing us current with note holders.
Eventually we will get news and I’m guessing some of that will be on keeping current with payments to note holders.
The OS hasn’t changed.
I’m only hoping news of debt management occurs. Revenue will come in starting as a trickle and then a stream as patients begin to go through their program. This business has only just begun.
GLTA
ARIA’s recent Instagram post said that they are now in network with the insurance company Cigna.
$GRST
The company hasn’t sold GRST stock adding to the OS in sometime. They don’t want to give away shares at this price and someone wants your shares with a constant of large bid orders don’t give em away hold tight in my opinion.
$GRST
I’m not positive but I think that the revenue from ARIA helped pay for the first floor renovations and start up costs for ARIA which brought down the net income in past filings.
The CEO has brought up debt payments being a factor on the net income in a previous press release as well as saying in the past year that they have paid at least $600,000 with a commitment from the CEO on debt reduction. This again effects net income.
Do your own DD my view is based on looking at past press releases and filings.
Great news I’m excited for $GRST future. Now more patience is needed.
GLTA
Great post
In my limited time in the OTC I have never seen a company like this or anywhere near it in the triple zeros. I don’t know if this is the new OTC market after the regulations last year or the unlimited ask and bid orders with little price action and trade signals of 100 and 1000 point to something else going on with GRST.
Time will tell.
So when they sell the property they will get 50% of the money. I guess you can chalk it up to ultimately like any company is wether they are successful or not.
If they end up making money then down the road earning 50% on a property will be worth it by having the investors allow that to happen for the company. Real Estate is expensive right now and the price they will pay may reflect future values after the university builds its facilities all around the area.
You have skills of deception in my opinion.
GLTA
You can’t forget the tweet on Twitter by the company stating on how big of a “windfall” the ARIA property will be for them. The old owner maybe liked the building and didn’t want to see it get torn down it is a nice building. They probably got more from it than the university was going to pay them to then tear it down and it was only fair to work with Ethema. GLTA
Finally to you I’d say in regards to losses is that you only lose if you sell or it goes to zero and in my opinion GRST isn’t going bankrupt regardless of the share price we’re at.
With all that talk about the debt know that the company is operating again and in terms of debt that is huge It is commendable to the CEO to begin to make efforts on turning things around. Plus they are at near patient capacity and we haven’t even started with outpatients moving capacity issues aside. $GRST
The recent press release stated that they signed an agreement with the ARIA property owner to purchase the property. This is financed largely by the current and old owner like a “rent to own” situation. I think currently they are no longer leasing the ARIA property but are owners with a debt to the old property owners.
Who cares who owns the building and the late filings it seems have been for a reason due to all that is going on with the company. Who knows bubae maybe Ethema will own it eventually down the road hypothetically nothing nefarious is going on spin master.
OS isn’t increasing and either is the price on big volume. Trade signals for months have been a broker in need of shares and don’t let it run.
Big bids going unfilled ratcheting down in price with unlimited ask orders being filled with no increase in price.
There’s only a few things that could be happening but I don’t know all of them for sure. Merger? Buyout? With an agreed upon low price range?
The low price we’re stuck in could then be to the investors eventual benefit and the company as the shares trade hands? I’m not sure but is the broker needing to fill a large order that is taking months to do?
I don’t want to disturb the market. I love the signals which tells me the market is at least functional with GRST considered our beaten down the share price is. Seeing that the company is beginning to operate again with ARIA then maybe the market will gap it up on news of what may be going on with GRST nearly out earning it’s market cap?
Maybe the company is buying the shares and will cancel them and reduce the OS. I don’t know but those are the trade signals from the market giving me faith to hold with a functioning market because $GRST is going to potentially out earn the market cap. Strong hold here for me.
GLTA
$GRST
ARIA’s recent post on Instagram stated that they are now in network with Magellan Health Insurance company and have that on their website as well.
$GRST
Great news things are coming along well. Ethema also has a newly established medical billing subsidiary. They’re expecting an increase in revenues after expansion and some ability to handle debt through cash flow. Great news GLTA
News Out!
There’s been some updates to ARIA’s website. The layout of the website has been simplified. They are no longer hiring.
Also new pictures on google maps of the construction next door and across the street. I’m not sure how old these photos are but it looks like the construction was going on at the first floor of ARIA.
Maybe the tweeted future news next week will give shareholders an idea of what is happening growth wise.
GLTA
I’m guessing that the growth tweeted about is the finalization of the press release info on the next door property that ARIA planned on taking over. This will add to the bed count and increase revenue. Google maps shows that they have painted commercial parking spaces on both sides of the building with a new parking pave job.
The company is profitably treading water with big debts needing to be handled in the short term. The revenue made in Q1 helped pay for start up costs as stated in a recent press release.
Going long for a couple of years could really work out in my opinion as the business model is one of gradual patient accumulation including outpatients.
If you wanted to buy at this price and risk the company not being able to handle the debt this current price could be bottom or bust IMO. In a few weeks we’ll hear from the company on both continued growth and debt management as tweeted.
Big volume before the tweet shows that the market is anticipating a possible price increase and maybe the market makers are getting ready for a new price level to materialize?
How much lower can it go with a company growing as it is?
GLTA $GRST