Ethema Health Corp (GRST)

[Bubae]

How many companies promote the EBITDA number? This one always has, even when talking about new acquisitions. The interest expense which is a component of EBITA has grown considerably along with the new debt each quarter. Net income for the first nine months of 2022 was $167,483. The rest is BS.

The badly needed new story is indicated with the announcement of a potential acquisition but hardly enough to get traders excited about buying into that offering. They don't have the ability to buy anything with the pending debt obligations. The offering will be going to pay the Leonite debt and nothing else in my opinion. That offering at $.0012 a share isn't viable with this story and share structure. We should see a 8K soon.

EBITDA = Net Income + Taxes + Interest Expense + Depreciation & Amortization

For the quarterly period ended March 31, 2022
https://sec.report/Document/0001903596-22-000301/
Interest expense $ 80,768

For the quarterly period ended June 30, 2022
https://sec.report/Document/0001903596-22-000529/
Interest expense $122,848

For the quarterly period ended September 30, 2022
https://www.otcmarkets.com/filing/html?id=16200583&guid=wEG-knVR-IG9dth
Interest expense $163,561


Ethema Posts Strong 3rd Quarter Results and SEC Qualifies the Regulation A Form 1A Filing
November 29, 2022 08:00 ET | Source: Ethema Health Corporation
https://www.globenewswire.com/en/news-release/2022/11/29/2563968/0/en/Ethema-Posts-Strong-3rd-Quarter-Results-and-SEC-Qualifies-the-Regulation-A-Form-1A-Filing.html

The Company has begun due diligence on a potential acquisition expected to close in late January. Due to confidentiality agreements the Company is prohibited from disclosing the name of the potential target. The targeted acquisition cost is approximately $3.8 million.

...In the next few months, we expect to make substantial progress on these goals with the new equity raise outlined in the filed form 1A. We expect to substantially grow the EBITDA in 2023 as growth will become our sole objective after repaying the debt.”...