Ethema Health Corp (GRST)

[Bubae]

We will see. Two more quarters for debt conversions and this one will be ready for its reverse split. I keep watching here for the next news drop. Looking at the history it could be refinance deal for operating funds, a purchase deal for the ARIA property with off balance sheet investors, or another LOI that once again goes nowhere.

A lot of eligible convertible debt and they have already signaled in the Q3 filing that they intend to raise more capital through convertible debt. The beat goes on and they aren't making money.

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."...