Ethema Health Corp (GRST)

[Bubae]

LOL, now everyone is so happy to have some buyers at .0005. This story is barley selling the .005s every day yet somehow they will sell .0012s? Congratulations to those who were fortunate to flip those 4s into this leaked "news" of the amended offering that wasn't officially released at 4:00?

The ready buyers of the offering are the holders of the debt who are already have their back sides exposed. You don't want to be in this when the offering gets qualified in my opinion. Debt holders will take those .0012s after the reverse split and convert at a deep discount to market. I believe this is the deal with note holders that is yet to be revealed.

There is language in the $745K Leonite June note under exhibit "A" concerning "Future Offering" and the "Participation Right" in section 3.10 titled Right of participation. to solidify this thought. Read over section 2.2 titled "Conversion Price", sub section (b) titled "Conversion Price Adjustments", then item 2 "Fundamental Transaction" starting at (iii) reads any tender offer or exchange offer... Goes on to state that this dilutive issuance of .0012 will automatically entitle the note to convert at the new rate at a minimum. So I don't see how shares in the offering and resets of conversion price for various notes can work.


Leonite June Note 8K
https://sec.report/Document/0001903596-22-000464/