Ethema Health Corp (GRST)

[Bubae]

No money to be made here either way so you don't see paid bashers or paid promoters. This ticker will need a lot of help whenever they get around to selling that offering and we will see the paid promoters show up shortly before. I am open to be paid for the short side and would happily disclose the status It is the undeniably factual information that matters, not the messenger. You have revealed your reasoning bias by blaming the messenger for revealing the sad state of the business. No blame for the person responsible for creating the mess and then deceptively painting it as a success in the press releases.

The cash flow is so bad that they needed to hold back a pool of cash to operate from until they get their sh!t together if at all possible. You can back into the time line if you can determine the burn rate for the $340,627 cash balance from the deal. That and new payday loans should help them limp along until after the first of the year. Keep in mind that none of the debt that was rolled into the finance lease deal was being serviced. Now they must pay on it monthly.


Property purchase, Sale, Lease Back finance deal 8K
https://www.otcmarkets.com/filing/html?id=16855888&guid=MOg-kqt7kD7fJth

Item 2.01 Completion of Acquisition or Disposition of Assets.

Through a series of 6 addendums to the Purchase Agreement requiring the payment of a total $180,000 in extension fees, the Closing was extended to August 3, 2023.

On August 4, 2023 the Company completed both the purchase of 950 from Evernia Station Limited Partnership and the sale of 950 to Pontus Net Lease Advisors, LLC. Net proceeds on the two transactions after payment of the extension fees was $2,820,000 and expenses for the two transaction not including the extension fees totaled $520,627.60.