Ethema Health Corp (GRST)

[Bubae]

Friend I don't make things up here. The 8K general statement outlines what they did. The deals in the attached documents are even more onerous. The net proceeds of $2.3 million will cost them $19.5 million over 20 years. The deal required the signature of Shawn Leon personally, His wife personally in understanding, and Shawn Leon's signature on behalf of ATHI, the holding company for the shares of the treatment center as guarantors.

more than $19 million over 20 years

There you go again with your totally ridiculous analysist.

FORM 8-K
https://www.otcmarkets.com/filing/html?id=16855888&guid=FvN-k6A-YOTsB3h

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an O?-Balance Sheet Arrangement of a Registrant.

On August 4, 2023 the Company entered into a long term lease for 950 with an initial term of twenty years, and two ten year extension options. The lessor is Pontus EHC Palm Beach, LLC , a Delaware limited liability company and a portfolio company of Pontus Net Lease Advisors, LLC. The lease is absolutely net and the lease cost for the initial year is $748,000 paid monthly. The lease increases at a rate of 2.75% per year for a total term lease obligation of $19,595,653 over the initial twenty-year term. The Lease is personally guaranteed by the Company President and the guarantee may be released after 5 years based on certain financial and performance metrics being met. The lease is attached hereto as Exhibit 10.6