Sunday, April 25, 2021 5:46:56 PM
First, as declaes pointed out, the OS is 2,262,849,130, not even close to 262 billion.
Lots of OTC companies have to take convertible loans to keep things going. When the notes convert, it does dilute, and the pps often drops (as we did when we dropped from .015 to .005. However, the OS with GRST is well within the acceptable range of a healthy OTC company. Once conversions stop, the pps can generally rebound, and often fairly quickly. This is why we say there hasn't been an increase to the OS in over 5 weeks. If you have been keeping up, I posted here that Shawn said the last round of conversions was from the note holder who provided funds to open the facility. It is possible that that holder may have more overhang, although it shouldn't be much, if any, and contrary to what others have said, there has been no dilution lately.
Shawn has said that they will try to pay off the next round of convertible notes coming due in June prior to conversion. If they are filling up the beds as expected, there is a good chance that this happens.
Just to let you know, the company isn't getting money from us when we purchase these retail shares. They have already been paid for the shares they issued, and only the note holders are the ones making money off of the shares that were converted. Only if a new offering is approved would the company receive the money.
Many of us are in the same boat here, and it can be frustrating when the pps falls or things don't seem to go our way. But let's make sure we are putting the correct facts out there. I know what I own, and IMO this company is a good one to grow with over the long term. Hopefully we will all make some good money together with GRST, and feel proud to be a part of a company that does such wonderful things by helping those in need.
GLTU! GRST
Recent GRST News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/19/2024 08:46:15 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 08/14/2024 07:23:06 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/29/2024 05:40:21 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/29/2024 05:39:45 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/12/2024 09:25:38 PM
- Form 4/A - Statement of changes in beneficial ownership of securities: [Amend] • Edgar (US Regulatory) • 06/11/2024 06:20:45 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/11/2024 02:47:46 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/31/2024 08:27:28 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 05/07/2024 08:16:35 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/07/2024 09:45:09 PM
- Form 8-K/A - Current report: [Amend] • Edgar (US Regulatory) • 12/22/2023 09:04:27 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/20/2023 09:55:26 PM
- Form 1-A POS - • Edgar (US Regulatory) • 10/20/2023 07:29:40 PM
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