Sunday, September 26, 2021 3:34:22 PM
Nearly all claims in this promo piece are not true from the perspective of shareholders. Simple things like Ethema (GRST) owns Aria is not entirely true. Ethema has purchased 75% to date and much of that is held by note holders in the form of options. The statement that Aria is paid for is not true from the perspective of shareholders because there are a lot, a lot of conversions that need to take place yet to pay for it. Those shares that the CEO paid so much for go back to 2018. Ethema owes the Leons a lot of money and you don't see them taking this in shares. Traders should read that post for what it is, a routinely pasted promotional material that is not accurate.
https://sec.report/Document/0001721868-21-000524/
14. Related party transactions
Shawn E. Leon
As of June 30, 2021 and December 31, 2020 the Company had a payable to Shawn Leon of $373,231 and $322,744, respectively. Mr. Leon is a director and CEO of the Company. The balances payable are non-interest bearing and has no fixed repayment terms.
Due to the current financial position of the Group, Mr. Leon forfeited the management fees due to him for the three and six months ended June 30, 2021 and for the year ended December 31, 2020.
Leon Developments, Ltd.
As of June 30, 2021 and December 31, 2020, the Company owed Leon Developments, Ltd. $966,538 and $930,307, respectively, for funds advanced to the Company.
Eileen Greene
As of June 30, 2021 and December 31, 2020, the Company owed Eileen Greene, the spouse of our CEO, Shawn Leon, $1,532,284 and $1,558,798, respectively. The amount owing to Ms. Greene is non-interest bearing and has no fixed repayment terms.
All related party transactions occur in the normal course of operations and in terms of agreements entered into between the parties.
Shawn Leon form 4
https://sec.report/Document/0001721868-18-000742/
10K
https://sec.report/Document/0001721868-21-000220/
"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,"
"During December 2020, the Company issued 4,000,000 Series A Preferred shares at par value of $0.01 per share to Eileen Greene, the spouse of our CEO, in settlement of $40,000 of advances made to the Company."
https://sec.report/Document/0001721868-21-000524/
14. Related party transactions
Shawn E. Leon
As of June 30, 2021 and December 31, 2020 the Company had a payable to Shawn Leon of $373,231 and $322,744, respectively. Mr. Leon is a director and CEO of the Company. The balances payable are non-interest bearing and has no fixed repayment terms.
Due to the current financial position of the Group, Mr. Leon forfeited the management fees due to him for the three and six months ended June 30, 2021 and for the year ended December 31, 2020.
Leon Developments, Ltd.
As of June 30, 2021 and December 31, 2020, the Company owed Leon Developments, Ltd. $966,538 and $930,307, respectively, for funds advanced to the Company.
Eileen Greene
As of June 30, 2021 and December 31, 2020, the Company owed Eileen Greene, the spouse of our CEO, Shawn Leon, $1,532,284 and $1,558,798, respectively. The amount owing to Ms. Greene is non-interest bearing and has no fixed repayment terms.
All related party transactions occur in the normal course of operations and in terms of agreements entered into between the parties.
Shawn Leon form 4
https://sec.report/Document/0001721868-18-000742/
10K
https://sec.report/Document/0001721868-21-000220/
"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,"
"During December 2020, the Company issued 4,000,000 Series A Preferred shares at par value of $0.01 per share to Eileen Greene, the spouse of our CEO, in settlement of $40,000 of advances made to the Company."
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