AI
Saturday, July 15, 2023 7:49:05 PM
boommmm soon, a 100 bagger coming, Gonna rocket to the moon!, Profiting Millions, Growing Resolving debt, kaboooom, The best is Yet to come!, going to be TOP OTC STOCK. Ok everyone, I know it is the weekend, but really? 
> Debt restructuring with liquidation of assets and third forbearance date come and gone.
> Regulation "A" offering on deck which is currently not viable with this share structure and price. The offering qualified eight months ago.
> Debt in default and others earning default interest, penalties and monthly fees.
> year over year net earning number flat despite a year of boasting about growth.
newbies beware of what is said in the press releases. Regulation "A" offering will decimate shareholders if they ever get am agreement with debt holders without an official court directed intervention called a bankruptcy.
Ethema Posts Strong 3rd Quarter Results and SEC Qualifies the Regulation A Form 1A Filing
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
on November 14, 2022, the Company received qualification from the SEC for its form 1A, which enables the company to raise new equity as outlined in the filing.
The Company has begun due diligence on a potential acquisition expected to close in late January.
Mr. Shawn Leon, Company CEO, reported
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 Company has also extended the closing on the purchase of the real estate at 950 Evernia Street for a period of 120 days from February 1, 2023 to June 1, 2023. Each successive thirty-day extension will cost the Company an increasing fee amount that would reach a total of $70,000.00 if all extensions are used.
has signed an extension and forbearance agreement with Leonite Capital Inc. extending the due date for its note due March 1, 2023. The Company will continue to pay interest on the note and it will be due May 8, 2023.
Mr. Shawn Leon, Company CEO, reported, “We had set a goal at the beginning of the year for our ARIA subsidiary to produce an EBITDA of $1,000,000 for calendar 2022.
we expect to make substantial progress on these goals with the new equity raise outlined in the filed form 1A.
Ethema Posts Strong Year End Results
April 04, 2023 07:55 ET
https://www.globenewswire.com/en/news-release/2023/04/04/2640560/0/en/Ethema-Posts-Strong-Year-End-Results.html
The Company has entered into a definitive agreement for the acquisition of the target Company it previously announced it was working on. A deposit has been posted with an escrow agent pending the final due diligence to be completed mid-May with a final closing date set for July 1, 2023
Mr. Shawn Leon, Company CEO, reported, “We are pleased with last year’s results...
We will know the outcome of our strategy in April.
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
The lender has agreed to extend the original forbearance agreement expiring June 8, 2023, until June 28, 2023 to agree to a plan for repayment of the Leonite debts and convertible loans.
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.”
For the quarterly period ended March 31, 2023
https://www.otcmarkets.com/filing/html?id=16673787&guid=-HT-kenyprHRB3h
For the quarterly period ended March 31, 2022
https://www.otcmarkets.com/filing/html?id=15821144&guid=-HT-kenyprHRB3h
Q1 2022 - Q1 2023 comparison
Revenue up 21%
Rent expense up 21%
General Administrative up 13%
Salaries and wages up 26%
Professional Fees up 55%
Operating income essentially unchanged Q1 2023 = $75,026 -- Q1 2022 = $74,940
> Debt restructuring with liquidation of assets and third forbearance date come and gone.
> Regulation "A" offering on deck which is currently not viable with this share structure and price. The offering qualified eight months ago.
> Debt in default and others earning default interest, penalties and monthly fees.
> year over year net earning number flat despite a year of boasting about growth.
newbies beware of what is said in the press releases. Regulation "A" offering will decimate shareholders if they ever get am agreement with debt holders without an official court directed intervention called a bankruptcy.
Ethema Posts Strong 3rd Quarter Results and SEC Qualifies the Regulation A Form 1A Filing
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
on November 14, 2022, the Company received qualification from the SEC for its form 1A, which enables the company to raise new equity as outlined in the filing.
The Company has begun due diligence on a potential acquisition expected to close in late January.
Mr. Shawn Leon, Company CEO, reported
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 Company has also extended the closing on the purchase of the real estate at 950 Evernia Street for a period of 120 days from February 1, 2023 to June 1, 2023. Each successive thirty-day extension will cost the Company an increasing fee amount that would reach a total of $70,000.00 if all extensions are used.
has signed an extension and forbearance agreement with Leonite Capital Inc. extending the due date for its note due March 1, 2023. The Company will continue to pay interest on the note and it will be due May 8, 2023.
Mr. Shawn Leon, Company CEO, reported, “We had set a goal at the beginning of the year for our ARIA subsidiary to produce an EBITDA of $1,000,000 for calendar 2022.
we expect to make substantial progress on these goals with the new equity raise outlined in the filed form 1A.
Ethema Posts Strong Year End Results
April 04, 2023 07:55 ET
https://www.globenewswire.com/en/news-release/2023/04/04/2640560/0/en/Ethema-Posts-Strong-Year-End-Results.html
The Company has entered into a definitive agreement for the acquisition of the target Company it previously announced it was working on. A deposit has been posted with an escrow agent pending the final due diligence to be completed mid-May with a final closing date set for July 1, 2023
Mr. Shawn Leon, Company CEO, reported, “We are pleased with last year’s results...
We will know the outcome of our strategy in April.
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
The lender has agreed to extend the original forbearance agreement expiring June 8, 2023, until June 28, 2023 to agree to a plan for repayment of the Leonite debts and convertible loans.
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.”
For the quarterly period ended March 31, 2023
https://www.otcmarkets.com/filing/html?id=16673787&guid=-HT-kenyprHRB3h
For the quarterly period ended March 31, 2022
https://www.otcmarkets.com/filing/html?id=15821144&guid=-HT-kenyprHRB3h
Q1 2022 - Q1 2023 comparison
Revenue up 21%
Rent expense up 21%
General Administrative up 13%
Salaries and wages up 26%
Professional Fees up 55%
Operating income essentially unchanged Q1 2023 = $75,026 -- Q1 2022 = $74,940
Everything that I post is just my informed opinion and is simply an invitation to debate. Trade on your own due diligence please..
