Ethema Health Corp (GRST)

[Bubae]

The scary information is all in the company's own print. Shawn Leon needs to do two things, find a new story that convinces current shareholders to hold. second, a good enough story that convinces new traders will chase. What does the OTC markets people know that isn't obvious yet to everyone that would prompt the promotion risk icon?

See that 8K announcing the revolving credit line of $1 million. Under pledge and security agreement, exhibit "A" labeled "collateral" they appear to be committing all assets including that of American Treatment Holdings, Inc (ATHI) which is the holding company for the shares of the Evernia treatment center. Now will they be paying off the lenders who have debt secured by options against the direct shares of ATHI?

One of Shawn Leon's favorite tactics is to find new borrowed funds to pay off existing debt and announce in a press release that they paid off the debt. This is what he did with the crazy property purchase, sale, leaseback deal last summer where essentially refinancing the defaulted debt over a 20 year period resulting is a million in expenses. Now that defaulted debt that they weren't paying on must be serviced every month. Traders chased that up to $0.0007 before once again realizing that they had been duped. He did this with the large Leonite note of June 2022 which eventually went into default and again the hapless chased the news. It really is fun to watch Shawn Leon dig this hole even deeper and still not be able to raise any funds off that regulation "A" offering. 🤣

FORM 8K
https://www.sec.gov/ixviewer/ix.html?doc=/Archives/edgar/data/0000792935/000190359624000061/grst_8k.htm
TEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.

Testing 123, LLC (“Testing”)

On February 1, 2024 Ethema Health Corporation, American Treatment Holdings Inc, and Evernia Health Center LLC (the “Company” or “Companies”) entered into a revolving line of credit agreement (“ Agreement”) with Testing. The term of the Agreement is two years and the maximum amount that may be drawn down is $1,000,000.00.

Pledge and Security Agreement
https://www.sec.gov/Archives/edgar/data/792935/000190359624000061/ex10_03.htm