Ethema Health Corp (GRST)

[Bubae]

My post #47235 pretty connects the relevant parties of Ethema Health (GRST) with Peace of Mind Counseling Services, Inc. I have located the letter of intent dated February 2020 for Ethema Health's acquired interest in the treatment center among a group of documents entered as evidence in another lawsuit with Q Global Trust LLC and Lawrence Hawkins as defendant. The Letter of Intent is pictured below and states that 'Ethema will acquire 51% interest in the equity of ATH... for the operation of its wholly owned subsidiaries Evernia Health Services, LLC a Florida limited liability company ("Evernia") and Peace of Mind Counseling Services, Inc a Florida corporation...

There are a number of documents in the 'Complaint' document that include emails. Michael Cabot, Behavioral Health Properties, the plaintiff is a Investment Sales Broker Specializing In Medical, Behavioral Health & Substance Abuse Real Estate. Apparently Lawrence Hawkins approached Mr. Cabot regarding the sale of his treatment business in early January 2020 according to the complaint. From this Ethema Health deal Behavioral Health Properties was due a commission and that is where the disagreement lies. The lawsuit is of no consequence to Ethema Health (GRST) in itself but did provide some nice information about the transactions and the timing.

Ethema Health closed its 150+ bed treatment center at 5400 East Avenue, West Palm Beach, Florida in January 2020 after hemorrhaging losses. Shawn Leon got introduced to Lawrence Hawkins by Michael Cabot, Behavioral Health Properties in early January 2020. Lawrence Hawkins and Peace of Mind Counseling Services, Inc had problems of their own during this period with a lawsuit for alleged payments due for costs associated with quite a number of leased properties. The trial for this matter was July 2nd 2020 and the plaintiff was awarded more than $1.3 million in damages against Peace of Mind Counseling Services, Inc.

So what kind of due diligence did Shawn Leon do for this deal and what did he know, when did he know it? Lawrence Hawkins approaches Michael Cabot, Behavioral Health Properties for a buyer for his very troubled business in early January 2020 and by February 7th 2020 Shawn Leon on behalf of Ethema Health (GRST) is signing a letter of intent? You won't find any of the nefarious details of these deals in a filing or press release that I am aware of.


Search as guest > copy and paste case number >
https://appsgp.mypalmbeachclerk.com/eCaseView/landingpage.aspx
Case Number: 50-2022-CA-003157-XXXX-MB
CASE STYLE: BEHAVIORAL HEALTH LLC V Q GLOBAL TRUST LLC
Filing Date: 04/05/2022





Search as guest > copy and paste case number >
https://appsgp.mypalmbeachclerk.com/eCaseView/landingpage.aspx
Case Number 50-2019-CA-006523-XXXX-MB
Case Style BOYNTON PARTNERS LLC V PEACE OF MIND COUNSELING SERVICES INC
Filing Date 05/17/2019