Ethema Health Corp (GRST)

[Bubae]

I haven't been paying attention the filings here but there is a new 8K for a revolving line of credit. We know that they need to borrow every quarter to cover the cash flow shortfalls. The narrative and share structure are useless to the company in terms of any conversions of for attracting new capital. The lack of cash flow from those revenue numbers is the problem and Shawn Leon hasn't been able to get the regulation "A" offering started after a year and a half. The numbers below for the nine month period up to Q3 2023 includes cash flow lost with the handing over of the Canadian property to Leonite to settle debt. The good news is that the new credit line will give Shawn Leon even more time to doddle along while the debt continues to grow. Hope future retail traders are up to flipping the bill?

FORM 8-K
https://www.otcmarkets.com/filing/html?id=17244044&guid=q5d-kWEDbPSKFBh


For the quarterly period ended September 30, 2023
https://www.otcmarkets.com/filing/html?id=17070521&guid=u6J-kKPx37-Rwrh

For the nine months ended September 30, 2023 and September 30, 2022.

Revenues
Revenues were $4,219,904 and $3,586,290 for the nine months ended September 30, 2023 and 2022, respectively, an increase of $633,614 or 17.7%.

Operating Expenses
Operating expenses were $4,079,204 and $3,204,606 for the nine months ended September 30, 2023 and 2022, respectively, an increase of $874,598 or 27.3%.

Operating income
The operating income was $140,700 and $381,684 for the nine months ended September 30, 2023 and 2022, respectively, a decrease of $240,984 or 63.1%.