Ethema Health Corp (GRST)

[Bubae]

I believe what I said is that they are technically bankrupt. They will in fact be totally bankrupt if the regulation "A" offering for debt conversions falls on its face which it very likely can in this market. They aren't making payments on the Leonite debt from 2022 let alone the rest. The are also taking out new "receivable funding" to help pay the old. New money to service old is what Ponzi schemes are about and are always unsustainable.

I would like to know how they are conducting receivables funding when they are handing over these assets and owned very little of it to begin with. I look for all of this to end up in new financing along with the regulation "A" offering. One thing is for certain, this company and debt holders do not pay the bill in the end. That is what buyers of this stock are for.

4. ADJECTIVE
If you say that something is bankrupt, you are emphasizing that it lacks any value or worth.

For the fiscal year ended: December 31, 2022
https://www.otcmarkets.com/filing/html?id=16535244&guid=Wqm-kFsYtm5Vh3h

15. Receivables funding

May 31, 2022 Funding

On May 31, 2022 the Company, through its 75% held subsidiary, Evernia Health Center, LLC entered into a Receivables Sale Agreement with Itria Ventures LLC (“Itria”), whereby $240,000 the Receivables of Evernia were sold to Itria...

The Company made weekly cash payment of $5,000 totaling $140,000 on the May 31, 2022 funding and settled the remaining $100,000 liability out of the proceeds of the December 13, 2022 funding, thereby terminating the funding agreement.



September 26, 2022 Funding

On September 26, 2022, the Company, through its 75% held subsidiary, Evernia Health Center, LLC entered into a Receivables Sale Agreement with Itria Ventures LLC (“Itria”), whereby $310,000 of the Receivables of Evernia were sold to Itria,...

The Company made weekly cash payments of $6,458 totaling $83,958 on the September 26, 2022 funding. The balance outstanding at December 31, 2022 was $226,042, less unamortized discount of $48,254.


December 13, 2022 Funding

On December 13, 2022, the Company, through its 75% held subsidiary, Evernia Health Center, LLC entered into a Receivables Sale Agreement with Itria Ventures LLC (“Itria”), whereby $305,000 of the Receivables of Evernia were sold to Itria,...

The Company made weekly cash payments of $6,354 totaling $6,354 on the December 13, 2022 funding. The balance outstanding at December 31, 2022 was $293,646, less unamortized discount of $54,703.


23. Subsequent events

Receivables Funding

On January 19, 2023, the Company received funding from an agreement entered into on December 14, 2022 through its 75% held subsidiary, Evernia Health Center, LLC entered into a Receivables Sale Agreement with Bizfund.com (“Bizfund)”), whereby $132,000 of the Receivables of Evernia were sold to Bizfund, for gross proceeds of $100,000. ...


On February 14, 2022, the Company, through its 75% held subsidiary, Evernia Health Center, LLC entered into a Receivables Sale Agreement with Fox Business Funding (“Fox”), whereby $118,800 of the Receivables of Evernia were sold to Fox, for gross proceeds of $90,000. ...