Ethema Health Corp (GRST)

[Bubae]

Looks like the company suddenly owes Shawn Leon more money? The company paid him fees owed in Q3 2021 with 106K left at the end of 2021. Now after the first quarter he is owed $341. In the short term debt chart of the filing it appears that some line items like the Class N notes went up as well. It doesn't appear that they are making the interest payments on a number of notes.


For the quarterly period ended March 31, 2022
https://sec.report/Document/0001903596-22-000301/

16. Related party transactions

Shawn E. Leon
As of March 31, 2022 and December 31, 2021 the Company had a payable to Shawn Leon of $341,379 and $106,100, 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 months ended March 31, 2022 and the year ended December 31, 2021.

Leon Developments, Ltd.
As of March 31, 2022 and December 31, 2021, the Company owed Leon Developments, Ltd., $955,398 and $935,966, respectively, for funds advanced to the Company.

Eileen Greene
As of March 31, 2022 and December 31, 2021, the Company owed Eileen Greene, the spouse of our CEO, Shawn Leon, $1,496,164 and $1,472,215, 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.






Q3 filing for period ended September 30th
https://sec.report/Document/0001721868-21-000835/

18. Related party transactions

Shawn E. Leon

"As of September 30, 2021 and December 31, 2020 the Company had a payable to Shawn Leon of $121,797 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."

"Management fees from prior periods due to Mr. Leon amounting to $259,175, related to Mr. Leon and reflected as a payable to Mr. Leon were reversed during the current period"

Due to the current financial position of the Group, Mr. Leon forfeited the management fees due to him for the three and nine months ended September 30, 2021 and for the year ended December 31, 2020.

Leon Developments, Ltd.

"As of September 30, 2021 and December 31, 2020, the Company owed Leon Developments, Ltd. $929,369 and $930,307, respectively, for funds advanced to the Company."


Eileen Greene

"As of September 30, 2021 and December 31, 2020, the Company owed Eileen Greene, the spouse of our CEO, Shawn Leon, $1,490,507 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.