Ethema Health Corp (GRST)

[Bubae]

They have been talkin about the regulation "A" offering for eight months now. I am 90% certain that the new filing 1-A POS dated May 4th will need to be to qualified again by the SEC. The new filing resets the start date and adds the convoluted language of consolidating the shares into units. I'm thinking the delay is due to the required qualification which may be delayed by the wonky shares to units language. I would expect the SEC to at least ask " what is up with that?" Because really... Why?

You can expect the split shortly after that in my opinion. I believe you will find that the $.0012, 100 units for $0.12 will actually be $0.12 a share after a massive reverse split to the neighborhood of $0.24 a share. I'm expecting another amended filing if the SEC objects to the language. This is a tricky, shady company in my opinion. A great many holders of this stock are about to be schooled on a regulation "A" offering's effect on share value.



Regulation 1-A POS fling 05/04/2023
https://www.otcmarkets.com/filing/html?id=16623154&guid=SdT-kKd1NBcpJth

...is offering up to 4,166,666,660 shares (“Shares”) of its common stock, par value of $0.01 per share (“Common Stock”) sold in Units of 100 Shares of Common Stock (“Units”) on a “best efforts” basis without any minimum offering amount pursuant to Regulation A promulgated under the Securities Act of 1933,...

Company Signs Purchase and Sale Agreement to Acquire Property and Ends Third Quarter Strong
October 05, 2022
https://www.globenewswire.com/en/news-release/2022/10/05/2528993/0/en/Company-Signs-Purchase-and-Sale-Agreement-to-Acquire-Property-and-Ends-Third-Quarter-Strong.html

We continue to work on eliminating debt, especially convertible debt, and with stronger cash flow each month and the potential to raise new equity with a Regulation A offering at much higher prices than the current market, we believe we will be able to make significant strides on that front in the fourth quarter.”


Ethema Posts Strong 3rd Quarter Results and SEC Qualifies the Regulation A Form 1A Filing
November 29, 2022 08:00 ET
https://www.globenewswire.com/en/news-release/2022/11/29/2563968/0/en/Ethema-Posts-Strong-3rd-Quarter-Results-and-SEC-Qualifies-the-Regulation-A-Form-1A-Filing.html

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

...We have repeatedly indicated throughout the year that our dual goals were to grow the company and to manage and repay the debt we accumulated in previous years. In the next few months, we expect to make substantial progress on these goals with the new equity raise outlined in the filed form 1A....



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

The Reg A+ offering will soon have a new marketing plan and will soon be hosted on the Dealmaker platform.


Ethema Reports Updates and Extends Forbearance
June 08, 2023 13:50 ET
https://www.globenewswire.com/en/news-release/2023/06/08/2685133/0/en/Ethema-Reports-Updates-and-Extends-Forbearance.html

These two initiatives have delayed both the start of the Reg A+ capital raise and the completion of the acquisition.