Ethema Health Corp (GRST)

[Niceguy1]

One of the few with a real business in a needed service.
Really boggles the mind we have gotten to this point where a $4M annual revenue company is selling for approx 1X revenue.
IMO...It's the confabulation of several (devil's brew) factors over time
1) Silent for the most part CEO - very ineffective communicating at best when he does. Last earnings PR almost spent more time talking about buying real estate through some consortium than talking about growing the business
2) MM's actively manipulating this (CDEL, NITE, PAUL, etc). Constant bane here that will not go away
3) Dilutions - we just don't have the interest here /volumes here to really overcome this constant drip, drip.
4) CEO refuses to sell the Canada property which would help wipe out more debt and/or provide growth capital for West Palm Beach. The tenant has right of first refusal on any third party sale (I believe)...but that shouldn't stop him from trying to sell it. Badly needed.

All that being said, this just makes the longs timeframe for a return here longer than most of us would want. Also, I think we are all ready to buy in buckets if this gets to trips because this CEO and his family have too much invested here to ever let this go under. So patience is the key here more than ever now