Ethema Health Corp (GRST)

[Bubae]

They were more than willing to address the reverse split when really no one was talking about it. What about now that they have a offering waiting to be qualified and defaulted debt in excess of $4 million as of Q2? Sure looks like they have no other option now that the story and share structure is unable to convert debt. So the treatment center is hardly a fountain of cash and the Canadian property is in jeopardy with the mortgage due last July. Those two items were mentioned as the reason why they wouldn't need a reverse split. Just a simple 30 second retweet is all...they...need to get the juices flowing again.


Hmmm... what if they get the offering qualified... who would buy those shares at .0012 when the stock is trading less than half that price... yep, debt holders are already committed and if the split got the price up to say $0.20 they would reasonably be able to convert some of that debt at .0012 a share if they could find buyers... Hmmm wonder what is going on??? Oh right! those "qualified buyers" will be tripping over themselves to buy into the huge dilution machine that is the offering priced at more than twice the current market.

FAQ page release July 27, 2021
https://ethema.wpengine.com/?page_id=683

Will you do a stock consolidation?
The current Board and management does not support a stock consolidation. There are only two reasons the board would consider it. The first would be if the stock halts trading because it has reached 0.0001. The Company has already been through a situation where the stock hit .0001 and essentially stopped trading. The Company resisted doing a consolidation then and would resist doing it in the future if anything near to that happened. The Company does not foresee how that can happen now that it has a valuable asset in the treatment center and still has a well performing real estate asset in Canada. The second would be to up-list to an exchange that requires a minimum stock price. The Company could seek an up-listing at some point in the future but there would have to be some sort of financing tied to that. Neither of these situations are in the foreseeable future.

Ethema does not foresee any need for a reverse split at anytime in the next year or two. $GRST

— Ethema Health (@HealthEthema) June 29, 2021

Ethema Health
@HealthEthema
Ethema does not foresee any need for a reverse split at anytime in the next year or two. $GRST
10:35 AM · Jun 29, 2021·Twitter for iPhone