Ethema Health Corp (GRST)

[Bubae]

I was calling for the reverse split at the beginning of 2021 after they dumped a billion new shares in Q3 and Q4 2020. Nine months later they file a regulation "A" offering in October 2022, get it qualified in November 2022. They then file a post qualification amendment in May 2023 which finally gets requalified in November 2023. This amendment is where they packed the shares priced at $0.0012 into units of 100 for $0.12 a unit.

Usually these stinky pinks split the stock then come with the regulation "A" offering usually priced at a 50% discount to market. Not Shawn Leon, he files the regulation "A" first then fiddles around for more than a year with this cloud hanging over the stock. So what is he going to do now? We know that he isn't going to get anyone interested in those regulation "A" shares priced at $0.0012 while this struggles deep in the trips. Those who buy those immediately tradable reg. "A" shares will dump them ASAP for a profit but will need o get them at a discount to market.

So I am looking for a 1:2400 reverse split because once announced you can bet it will be trading at $0.0001 in a flash. No one will want to hold these shares into a split knowing that it is a setup for the offering. This is why you should do the split first in my opinion. 🙄 So I'm thinking 1: 2400 gets the new price to $0.24 then sell the units, or really shares, priced at $0.12 for the discount to market. This will also fit Shawn Leon's narrative of an uplist effort in the event of a reverse split. He will need to maintain a trading price above a penny for that to have a chance.

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

Mr. Leon further added, “I have been questioned often about what our plans are to consolidate the stock and I can report that there are no near term plans to do so. I can only see that happening in conjunction with an up-listing when that time comes, and I believe it will come, based on our much stronger financial position, fantastic opportunities, and our vast experience in the addiction treatment industry.”