Ethema Health Corp (GRST)

[Bubae]

I for one would encourage you to buy as much of this stock as you can manage. 🤣 Shawn Leon just took $2 million in defaulted debt that he wasn't paying a nickel on and refinanced it into a long term ridiculous lease finance deal that he must now pay on monthly. The credit for this company is so bad that Shawn Leon himself had to guarantee the loan against his own person financial statement. Without it these guys would be out of business finally. The last couple of filings were messy with the crazy financing deal but by Q1 we will see how much cash flow shortage they must now cover. No reverse split, no regulation "A" offering share sales, means more borrowing under predatory lending terms. All this to support a treatment center, with its own identity and share structure, who's shares is largely secured by other stakeholders. Ethema Health (GRST) shareholders pay the bills for the real investors.

Bubae
Re: None
Sunday, November 26, 2023 5:35:15 AM
Post# 49291 of 49554
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173295585&txt2find=cash%2Bflow

Even after acquiring the cash from the crazy lease finance deal to pay a bit more than $2 million on the defaulted debt they still borrowed an additional $720K in Q3 and up to November 15th.

The cash burn rate appears to be very high and they have a ton of work to do to make that regulation "A" offering viable.