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Re: declaes post# 45834

Sunday, 02/19/2023 11:15:02 AM

Sunday, February 19, 2023 11:15:02 AM

Post# of 54625
You tell a poster that "You have to be more careful with saying these things" Your post was full of statements that are completely indefensible.

The CEO gaslights traders with the EBITDA number suggesting that the growing number represents profitability when it in fact is fueled by the growing debt.

The debt was a problem? They exchanged the $596K Labrys partially defaulted debt June for the $745K Leonite June note who's terms are very ugly including being secured by the remaining assets of the company. Additionally they have more than $4 million in debt defaults with the June Leonite note maturing March 1st.

You are projecting $8 million in revenue for 2023 for this built out facility? Pure whole cloth conjecture! The CEO doesn't even promote revenue growth. He stated that the focus will be growing that EBITDA number for 2023 in the Q3 press release.. A hugely growing EBITDA number will be a fact for 2023 with the ever growing interest expense line item.

a 30-35% ebitda...


This with 8,000,000 revenues for 2023


Debt was a serious problem...


But the play here is the debt story. Is debt under control or not. And if you look into the fillings, it looks like it is.



The statement you make by saying GRST is not able to pay off the interest on the notes is just false. You have to be more careful with saying these things.


Everything that I post is just my informed opinion and is simply an invitation to debate. Trade on your own due diligence please..

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