Ethema Health Corp (GRST)

[Bubae]

The LABRYS warrants that were exercised September 24th is revealing. They decided to take their losses indicating that they even knew what was coming. I don't understand how they got caught flat footed when they purchased the warrants to begin with.

The company tried to do what they could with the PR released that generated over 400 million in volume over a couple of days, Sept 24th and the 27th. They have a couple of PRs coming. One for the property purchase with "off balance sheet investors" and the other is the build out update with the additional beds. Neither are very exciting considering the $47K EBITDA number for ARIA.

You can bet that they will have new shares queued up once again for news. The point is, there isn't much for speculators of this stock to look forward to that would generate the liquidity needed for the debt conversions. If that happens I would think LABRYS for one would put the pressure on to split and the OTCQB uplist would be a good excuse. All in my opinion of course.


Q3 2021 filing
https://sec.report/Document/0001721868-21-000835/

19. Stockholder’s deficit (continued)
d) Warrants (continued)
On May In connection with the issuance of the convertible promissory note to Labrys, the Company granted Labrys a five-year warrant to purchase 91,666,666 shares of common stock at an exercise price of $0.006 per share.

On June 2, 2021, in connection with the issuance of the convertible promissory note to Labrys, the Company granted Labrys a five-year warrant to purchase 52,272,727 shares of common stock at an exercise price of $0.0044 per share.

On September 24, 2021, the company received a cashless warrant exercise from Labrys, exercising warrants for 91,666,666 shares for net shares of 54,999,999 shares of common stock.

On September 24, 2021, the company received a cashless warrant exercise from Labrys, exercising warrants for 60,000,000 shares for net shares of 36,939,393 shares of common stock.