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Re: loanshark007 post# 47021

Tuesday, 05/23/2023 8:47:45 PM

Tuesday, May 23, 2023 8:47:45 PM

Post# of 49800
I believe the numbers are meaningless at this point. The debt is owned by Ethema Health (GRST). The treatment center and the Canadian property will be given up for secured debt to the real investors who are secured by direct shares of the subsidiaries. The statement "non-real property debt" not only leaves the $2.6 million owed to the Leons, the more than $4 million owed to the series "N" note holders, but also the convertible debt not secured by assets. If they do not get a nice return from the regulation "A" offering they will cease to be a going concern in my opinion. Bottom line is that retail traders will need step up with their donations because debt holders and the business doesn't pay the bills at the end of the day.


Ethema Extends Dates for Debt Repayment and Real Estate Closing
March 01, 2023 08:00 ET
| Source: Ethema Health Corporation
https://www.globenewswire.com/en/news-release/2023/03/01/2618141/0/en/Ethema-Extends-Dates-for-Debt-Repayment-and-Real-Estate-Closing.html

Mr. Shawn Leon, Company CEO, reported, ...

...This will help clean up the balance sheet and together with our current efforts we expect that only the Series N convertible notes and the shareholder advances to my family will remain as the only non-real property debt by the end of the second quarter this year.”

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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