Ethema Health Corp (GRST)

[Bubae]

No way around the reverse split in my opinion as well. They have dawdled along for the entire year exchanging debt for new. They defaulted on the Labrys fund note payment agreement of December 2021 was exchanged for the Leonite note of June 2022. That was $596K exchanged for a $745K note secured by all assets of the company. The current story and share structure will not support the offering priced at .0012. For that matter it wouldn't support an offering price at half the current market price.

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

Leonite Fund I, LP

Effective June 1, 2022, The Company entered into a Note Exchange Agreement whereby the convertible promissory notes entered into with Labrys Fund LP on May 7, 2021, with. A principal outstanding of $341,000, and on June 2, 2021 with a principal outstanding of $230,000 and accrued interest thereon of $25,300, were exchanged for a new Senior Secured Convertible Promissory note in the principal amount of $745,375, including an OID of $149,075. The Note matures on March 1, 2023, and bears interest at the minimum of 10% per annum or the Wall Street Journal quoted prime rate plus 5.75%.

The convertible note is secured by all of the assets of Ethema Health Corporation and Addiction Recovery Institute of America, LLC.