Ethema Health Corp (GRST)

[Bubae]

I do not foresee a scenario where they lower the offering price. It looks to me like they found that repackaging the shares and the date change to April 10th 2023 requires that the SEC once again qualify the offering. That they changed the way the shares are issued in units of 100 seems to be a curious change to me. What I believe is happening is that the offering price will easily be amended to $0.12 without further review because units of 100 priced at $0.0012 or 4,166,666,660 shares is effectively the same as saying 416,666,666 shares priced at $0.12. The company plays a lot of games and I believe that this is just another method of getting what they want while confusing the hell out of existing shareholders.

Regulation "A" shares are immediately tradable. Those who subscribe to regulation "A" offering do not buy and hope the future price permits a profit. Debt holders will convert these shares just like the old days when shares were issued for debt at a steep discount to market then dumped. With the rule 144 changes in late 2021 toxic debt can no longer be converted for unregistered shares to immediately be sold. That is why we see more regulation "A" offerings these days.

The scenario that I see is a reverse split filing with a range of 1:600 to 1:2400 with the final price based on the market price move post announcement. I would assume price split from market price of .0001 to $0.24 post split with an outstanding share count a bit above 1.5 million. I'm thinking .0001 because everyone will know that heavy dilution will be coming post split with the offering. The split gives them a low outstanding share count to market to new retail buyers and it significantly attenuates the effect of existing shareholder sales. From there it gives plenty of room for a toxic lender like Leonite to work since the volume needed will only be had by selling the price down while it manipulates the market.

All that is simply my opinion. I said at the beginning of 2022 that they should have done what I just described. They had just come off of 2 quarters at the end of 2021 where they converted right at 1 billion shares for debt dropping the price to .001. They had some wind in their sails but had nearly a million in debt reset to .0001 as a result of the dilution with around $750K of that still eligible to convert at .001. Who would have envisioned that they would dawdle along for a year and a half, make the debt at .001 hold, pile on the new debt obligations to the point where now they are handing over assets. So they are clearly capable of making this much worse at this point.



https://www.otcmarkets.com/filing/html?id=16623154&guid=Lfu-ka3VoT2zB3h

The Offering

Securities offered Maximum of 4,166,666,660 shares of Common Stock, through the sale of 416,666,666 Units of 100 shares of Common Stock per Unit (1)