Ethema Health Corp (GRST)

[Bubae]

So it looks like no reverse split for a couple of quarters which suggests that those who have been sniping this for a tick or two at low volume can safely continue. The longs will continue to sprinkle their losses while they continue to twist in the wind toward the inevitable. I would caution however that they have renegotiated the debt so we don't yet know what the new conversion numbers are. They had around $750K eligible to convert at .001 and I would bet that they had shares queued up for that failed press release. This will put in another support level from which to flip from and the volume will likely be low which will discourage any conversions in my opinion.


Ethema Executes Two Real Estate Transactions and Major Debt Repayment
July 17, 2023 09:34 ET
https://www.globenewswire.com/en/news-release/2023/07/17/2705721/0/en/Ethema-Executes-Two-Real-Estate-Transactions-and-Major-Debt-Repayment.html

The Company also renegotiated the maturities of all of its remaining debt that had either expired or had no fixed terms of repayment. This puts the Company in a position to manage the repayment of those debts over time or convert them to equity.