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Monday, December 06, 2021 9:51:40 AM
Ethema (GRST) is a self described "investment holding" company with 2 employees who serve the actual "investors". Traders of this stock pay for the debt and expenses. The best a trader can do here, as with nearly all OTC tickers, is try to pick a position from which to flip. When that fails they become a contributor to what really has been a disaster for shareholders. They aren't done with this group of trades yet, LABRYS fund will at least get the $550K note converted in my opinion. That will be around $1.1 million in shares or nearly 1.4 billion new shares.
They are still borrowing to operate. They are servicing over $18 million in current liabilities with $119K in quarterly net earnings? The best that can be said is that is is better than last quarter but it sure as h#ll better be with $509.5 million new shares for Q3. According to the statement they will need an additional $1.5 million in working capital. Notice how they refer to it as Evernia again. This entity is referred to as Evernia, ARIA, and ATHI for reasons that I can only assume is to create confusion when reading the filing. They have done this over and over in the past.
Q3 2021 10Q filing
https://sec.report/Document/0001721868-21-000835/
Liquidity and Capital Resources
..."Over the next twelve months we estimate that the company will require approximately $1.5 million in working capital as it continues to develop the Evernia facility and it is also exploring several other treatment center options and sources of patients throughout the country. The company may have to raise equity or secure debt. There is no assurance that the Company will be successful with future financing ventures, and the inability to secure such financing may have a material adverse effect on the Company’s financial condition. In the opinion of management, the Company’s liquidity risk is assessed as medium."...
Recent GRST News
- 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
- Form 1-A POS - • Edgar (US Regulatory) • 08/29/2023 07:21:19 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/21/2023 08:37:36 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 08/14/2023 12:43:19 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/11/2023 04:51:34 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/18/2023 06:56:41 PM
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