Ethema Health Corp (GRST)

[declaes]

O, and I'm sure GRST will get some extensions if needed if the debtholders know they will get their money in the next 12 months. they now have conversion price at $0.01 this shows even the toxic debtholders are convinced of GRST's turnaround.

https://docoh.com/filing/792935/0001903596-22-000464/GRST-8K

 "On July 17, 2022, the Company executed the final documents for a revised and extended note (“Leonite Note”) which replaces the Labrys notes from May and June 2021. The new 10% $745,375.00 convertible note includes an OID of 10%. The note has a fixed conversion price of $0.01 per share subject to adjustments should other new financings be done at more favorable terms. The note is due 9 months from the issuance date of June 1, 2022"

It looks like GRST is going to pay that debt back in the next 9 months starting from June 1. With the conversion price set at $0.01 we might have an indication where the PPS will go to in the next 9 months. At $0.01 the $745,375 note is paid off with 74,537,500, if needed. I'm sure noone is in panic at GRST or at Leonite

With 30% more beds, 40% more revenues and 10% less costs, everyone can see GRST will soon be able to pay off the debt from the past.

With 8,000,000 revenues in the next 12 moths and a EBITDA of 30% I'm sure they have a open door out of debt soon.
Just look at the Q2 numbers!

https://docoh.com/filing/792935/0001903596-22-000529/GRST-10Q-2022Q2