Ethema Health Corp (GRST)

[Bubae]

I don't believe Shawn Leon is a scammer rather I think he is a poor business person. He just simply borrows, and finds new ways to borrow and repack the debt. To the point now that he had to personally guarantee the last $9 million deal to cover the $2.3 in debt that was nearly all in default. Without the backing of his personal financial statement this company would be bankrupt. He borrows for long periods followed by fits of dilution.62% of the current outstanding share count was dumped in only three quarters. After the lease finance deal he borrowed another $720K in Q3 up to November 15th 2023. No real strategy for anything really he just reacts at a glacial pace.

The guy takes FOREVER to do anything. The partial purchase of the treatment center took a year and a half from the letter of intent to close. The desperate purchase, sale, leaseback lease finance deal took a year, the regulation "A" offering was originally qualified by the SEC more than a year ago and will likely not be viable for a couple of more quarters while they create a new narrative and fix this share structure. Sure I talk about it all of the time because there are new eyes on this all the time that don't know that this business model has failed at two previous locations and that this partially owned treatment center with its own share structure and investors is an open cash sucking wound for Ethema Health (GRST).

For the quarterly period ended March 31, 2020
https://www.otcmarkets.com/filing/html?id=14411621&guid=I2J-kF3ChkNIdth

2. Stockholders' deficit
a) Common shares
Authorized, issued and outstanding

Between January 6, 2020 and February 27, 2020, the Company issued 1,316,679,078 shares of common stock in terms of conversion notices received from convertible note holders. The shares issued were issued below par based on the market price of the stock on the date of conversion and were valued at $531,005.


For the quarterly period ended September 30, 2021
https://sec.report/Document/0001721868-21-000835/
Authorized and outstanding

The Company has authorized 10,000,000,000 shares with a par value of $0.01 per share. The company has issued and outstanding 3,111,047,811 and 2,027,085,665 shares of common stock at September 30, 2021 and December 31, 2020, respectively.

509,532,355 new shares for Q3

For the fiscal year ended: December 31, 2021
https://sec.report/Document/0001903596-22-000192/

a) Common shares
Authorized and outstanding

The Company has authorized 10,000,000,000 shares with a par value of $0.01 per share. The company has issued and outstanding 3,579,053,805 and 2,027,085,665 shares of common stock at December 31, 2021 and December 31, 2020, respectively.

468,005,994 new shares for Q4 2021