Ethema Health Corp (GRST)

[Bubae]

Shawn Leon will likely talk about another "strategic partnership" arrangement, like they did to fund the existing treatment center. The seller Lawrence Hawkins retained 25%, and when you distill out what Ethema Health actually can claim it is relatively little. What Ethema Health shareholders owns is the increasing borrowing each quarter to bridge the cash flow gap to secure the investment of the real stake holders.

Bubae
Re: None
Sunday, September 03, 2023 7:11:40 PM
Post# 48748 of 49504
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172748883&txt2find=real%2Binvestors

Then there are the secured notes taken out to fund this scheme in the form of options for direct shares of ATHI, the holding company of the treatment center. Nearly all of the original 51% Ethema Health (GRST) purchased in the treatment center is secured by these options. The plan was supposed to pay these note holders with proceeds from the treatment center but as we know there is no cash flow to pay on this debt. The statement about the options in the Q2 2023 filing shows $686K owed to these options holders. Once the principle is paid these holders still retain 50% ownership of the treatment center as defined per their secured shares.