Ethema Health Corp (GRST)

[Bubae]

I have tinkered around with the West Palm Beach circuit court website a bit more and found that it appears that the rabbit hole goes much deeper. It has been my belief for many months that shareholders here were screwed but this latest finding suggests to me that the note holders for this company may have been duped as well.

We have established that Peace of Mind Counseling Services Inc., the defendant in the wrongful death lawsuit was held Behavioral Health Holdings, Inc.(BHHI) which in turn changed its name to American Treatment Holding Inc (ATHI) a month after the alleged wrongful death event in 2019. American Treatment Holding Inc (ATHI) is the holding company for treatment center Evernia Health previously referred to by the Ethema Health (GRST) as Addiction Recovery Institute of America, LLC (ARIA). Ethema Health ($GRST) claims 75% ownership of this treatment center. Everyone still with me?

Back to doing business as Peace of Mind Counseling Services Inc. I found another case against this company registered under the name Q Health Services, Inc. The case resulted in a judgement against Peace of Mind Counseling Services Inc of more than $1.3 million. The date of this judgement was July 2020. In the link to the document for name change below you will find Behavioral Health Holdings, Inc.(BHHI) becoming American Treatment Holding Inc (ATHI), complete with the business name Evernia Health Center LLC, and signed off as CEO is Lawrence Hawkins. Fast forward to March 2023 and you will find that the annual for Peace of Mind Counseling Services Inc. is signed off as CEO by Shawn Leon, the CEO of Ethema Health (GRST).

So with the connection that I have made it appears that references to Peace of Mind Counseling Services Inc, Behavioral Health Holdings, Inc.(BHHI), American Treatment Holding Inc (ATHI), Q Health Services, Inc, Addiction Recovery Institute of America, LLC (ARIA), all involve Lawrence Hawkins and the current treatment center named Evernia Health Center LLC of which Ethema Health (GRST) claims 75% ownership. Why during 2020 they are still using the name Behavioral Health Holdings, Inc.(BHHI) is a mystery to me. Also a mystery is why Ethema Health (GRST) uses both BHHI and ATHI in the 2020 Q1 filing, text included below.

So back to the start concerning the current note holders and what they knew during this period in 2020. Did the note holders with options for direct ownership of shares of the holding company American Treatment Holding Inc (ATHI) to secured the debt know that Behavioral Health Holdings, Inc.(BHHI), who apparently is American Treatment Holding Inc (ATHI), had a judgement in excess of $1.3 million against it? If all of this connection is valid, did Shawn Leon do his due diligence before committing Ethema Health ($GRST) to this venture?


BEHAVIORAL HEALTH HOLDINGS, INC (BHHI) Name Change to AMERICAN TREATMENT HOLDINGS INC (ATHI) August 8th 2019.
http://search.sunbiz.org/Inquiry/CorporationSearch/ConvertTiffToPDF?storagePath=COR%5C2019%5C0911%5C33356023.Tif&documentNumber=L19000024560


Enter website as guest > copy and paste the case number > open case > select tab named dockets & documents.
BOYNTON PARTNERS LLC V PEACE OF MIND COUNSELING SERVICES INC
CASE NUMBER: 50-2019-CA-006523-XXXX-MB

West Palm Beach Circuit Court
https://appsgp.mypalmbeachclerk.com/eCaseView/landingpage.aspx


For the quarterly period ended March 31, 2023
https://www.otcmarkets.com/filing/html?id=16673787&guid=y1T-kHcGm-XrcLh
17. Commitments and contingencies

a. Options granted to purchase shares in ATHI

On July 12, 2020, the Company entered into a five year option agreement with Leonite Capital LLC (“Leonite”) and other investors (collectively the “Transferees”). The Company agreed to sell to Leonite a portion of the total outstanding shares of ATHI from the shares of ATHI held by the company. The Company provided Leonite an option to purchase 4,000,000 shares of ATHI from the Company for a purchase consideration of $0.0001 per share (a total consideration of $400), based on the advances that Leonite made to the Company totaling $396,000. Leonite shall share in all distributions by ATHI to the Company, on an as exercised basis, equal to the advances made by Leonite to the Company, thereafter the option will be reduced to 50% of the shares exercisable under the option.

On September 14, 2020, the Company entered into a five year option agreement with Ed Blasiak (“Blasiak”) whereby the Company agreed to sell to Blasiak a portion of the total outstanding shares of ATHI. The Company provided Blasiak an option to purchase 571,428 shares of ATHI from the Company for a purchase consideration of $0.0001 per share (a total consideration of $57), based on the advances that Blasiak made to the Company totaling $50,000. Blasiak shall share in all distributions by ATHI to the Company, on an as exercised basis, equal to the advances made by Blasiak to the Company, thereafter the option will be reduced to 50% of the shares exercisable under the option.

On October 29, 2020, the Company entered into a five year option agreement with First Fire whereby the Company agreed to sell to First Fire a portion of the total outstanding shares of ATHI. The Company provided First Fire an option to purchase 1,428,571 shares of ATHI from the Company for a purchase consideration of $0.0001 per share (a total consideration of $143), based on the advances that First Fire made to the Company totaling $120,000. First Fire shall share in all distributions by ATHI to the Company, on an as exercised basis, equal to the advances made by First Fire to the Company, thereafter the option will be reduced to 50% of the shares exercisable under the option.

On October 29, 2020, the Company entered into a five year option agreement entered into with Bauman, so that the Company agreed to sell to Bauman a portion of the total outstanding shares of ATHI. The Company provided Bauman an option to purchase 1,428,571 shares of ATHI from the Company for a purchase consideration of $0.0001 per share (a total consideration of $143), based on the advances that Bauman made to the Company totaling $120,000. Bauman shall share in all distributions by ATHI to the Company, on an as exercised basis, equal to the advances made by Bauman to the Company, thereafter the option will be reduced to 50% of the shares exercisable under the option.


For the quarterly period ended March 31, 2020
https://www.otcmarkets.com/filing/html?id=14411621&guid=y1T-kHcGm-XrcLh

16. Subsequent events
On June 30, 2020, the Company entered into an agreement whereby the Company will acquire 51% of American Treatment Holdings, Inc. (“ATHI”) from The Q Global Trust (“Seller”) and Lawrence B Hawkins (“Hawkins”), which in turn owns 100% of Peace of Evernia Health Services LLC. (“Evernia”), which operates drug rehabilitation facilities. The consideration for the acquisition is a loan to be provided by the purchaser to Evernia in the amount of $500,000. As of June 30, 2020, the Company had advanced Evernia approximately $98,000 including accrued interest thereon and the Company has agreed to advance an additional amount of approximately $202,000 (“the First Tranche”) within a reasonable time of concluding the loan agreements. The timing of the balance of the advance of approximately $200,000 will be mutually agreed upon between the parties.


The Company has a 180 day option from the advancement of the First Tranche to purchase an additional 9% of ATHI for a purchase consideration of $50,000, payable to the Seller.


On June 30, 2020, the Company entered into an agreement whereby the Company will acquire 51% of Behavioral Health Holdings, Inc. (“BHHI”) from The Q Global Trust (“Seller”) and Lawrence B Hawkins, which in turn owns 100% of Peace of Mind Counseling Services, Inc. (“PMCS”), which operates drug rehabilitation facilities. The consideration for the acquisition is still to be determined.


The Company has a 180 day option, from the advancement of the first tranche to Evernia, to purchase an additional 9% of BHHI for a purchase consideration still to be determined, payable to the Seller.