Ethema Health Corp (GRST)

[Bubae]

The earnings component of the EBITDA number is very small and it doesn't pay the bills. This is going to do what it has done for more than a year. It runs a bit off the press releases then sells off because there is never any real substance. The debt load is from the previous failed treatment centers since 2017. Their claim of 75% for this treatment center is also largely held by note holders in the form of options to secure those notes. When you distill out their real ownership it amounts to very little which is why they have been borrowing against their future earnings at a steep discount. Many who buy this must believe that they will somehow sell the billions of shares described in the offering at .0012 without the need of a reverse split. Bottom line is that this story and share structure will not allow the offering to bail them out of their immediate debt obligations.