Ethema Health Corp (GRST)

[Bubae]

I have never presented the reverse split as anything other than a stated opinion based on the current share structurer and the strength of their narrative. For a reverse split to not be in the cards is to believe that they will be selling billions of new shares into this current situation as stated in the regulation "A" offering. With or without a reverse split those 150 or so current shareholders will get thrashed well beyond their current losses.

It would seem to me that that one of the "very few" honest things that the company has communicated is that they will be diluting heavily in the near future to manage current debt obligations. In 2022 they wasted the year by simply borrowing with even worse terms to service the old debt. Looks to me like they have been kicking the can down the road hoping that the liquidity situation in this market would improve. What we all know is that the market conditions for capital has simply gotten much worse and the outlook is not good.