Ethema Health Corp (GRST)

[tigerpac]

Basically Shawn said he would convert the convertible notes and related party payables (totaling $7 million) which are friendly notes (implying family) to equity pretty
soon as well receiving $2 million (also converted to equity) from an investor. Want to uplist to NYSE .

Almost guarantees a R/S has to happen to get there (trade over $1).

68 beds currently but only 50-55 occupied at any one time. 2023 revenue of 5.8million ($1.4 Q4) and EBITDA over 1.2 million.

Each bed generates 30-35k revenue but somehow they value the bed at 10x revenue (perhaps when they sell the facility) or $300 million.

You can find the conference on YouTube:

Emerging Growth Conference 66

Personally if I thought they could pull this off I would wait for the inevitable reverse split.