I feel opposite… decently happy considering.
I think you’re exaggerating a bit on the 20min of history… and it sounds like you skimmed through it instead of absorbing the viewing. I wont do the work for you but here are my high points, from memory.
- Uplist to NYSE in coming soon, they currently fit “99%” of the requirements expect debt which will be solved soon… its all “friendly” debt as he mentions.
- looking to hit the 500 bed target total by 2025,
300 outside of Florida through acquisitions in surrounding states (Currently in multiple discussions)
The others are 2 local expansions in Florida, 2 new buildings bring Florida to 180 total. (Locations have been found)
- 1 bed = 35-40k yearly net revenue
- 1 bed = 350,000$ to 400000$ gross evaluation (x10 multiplier) (he mentions the lowest it can be evaluated at is 300k per bed.
= 150M - 200M Business Evaluation with 500 beds
= Definitely not a 0.0003$ stock price!
- Current Evaluation (lowest) would be 68 beds x 300k = 20.4M
- All convertible and toxic debt has been taken care of and paid in full. The debt left over debt is what he calls friendly debt 5M + 2M which I believe he mentioned is his friends and his family who have lent the money to Ethema and they will be converting this debt sometime soon, How I do not recall but he does mention it as its need to uplist to NYSE
- He mentioned they plan on funding the expansion through some of the Reg A and an UnNamed Investor who plans on putting in 2 million, tho this is still being negotiated.
- He laughingly spoke about the share price being low 0.0003$ for a 20.4M “Evaluation” and he’s not wrong. And yes he did mention how he plans on bringing it up as you say, but also mentions stock prices don’t always reflect profit and company evaluation. Though with all mentioned above, it’s only a matter of time. I’m sure many are worried about the debt but hearing that its “friendly” debt will probably reassure most.
- He also mentioned that Ethema will no longer invest in real-estate, Ethema will concentrate on its core of Metal Health Center’s
Might I suggest maybe not tapping that fast forward (even if it is a little boring) when trying to understand a stock you’re invested into and you might not be so disappointed when the CEO has something interesting to say. 🤓
Good Luck to all… this one seems like a hold and see, no “real” catalyst countdown for a little while tho when they come they will be big (Expansions and Acquisitions) if they can do as they want, this will be one to surprise most in how fast it will climb.
ALL IMO of course.
