Ethema Health Corp (GRST)

[Bubae]

Desperate measures to get the price up by rich people I guess. The goal is probably to get the price up to dump those notes on retail. Can't make up the long list of stupid Sh!t these people have done over the years to con retail. Cash in or bail if you can in my opinion. Eileen Greene is the CEO's wife and she is owed $1,534,082 by Ethema Health and she probably knows that she will never recover it. Did she simply exchange shares of the common for the debt and call it a purchase? This little scheme will likely be a write off for these people.

The $250K Mirage note matured on March 15th, extended to April 15th and now according to the chart on page 17, the new date is June 15th. The Bauman note is eligible to convert and has an automatic conversion feature dated August 9th. Meanwhile they borrowed $450K from the credit line with at 60% interest. It would appear they they are getting little interest in that regulation "A" offering.


FORM 4
https://www.sec.gov/Archives/edgar/data/792935/000190359624000382/xslF345X05/ownership.xml

For the quarterly period ended March 31, 2024
https://www.sec.gov/ix?doc=/Archives/edgar/data/0000792935/000190359624000371/grst_10q.htm

Page 19
15. Related party payables (continued)
As of March 31, 2024 and December 31, 2023, the Company owed Eileen Greene, the spouse of our CEO, Shawn Leon, $1,534,082 and $1,418,324, respectively. The amount owed to Ms. Greene is non-interest bearing and has no fixed repayment terms.


8. Short-term Convertible Notes (continued)

Joshua Bauman

On August 9, 2023, the Company issued a convertible promissory note to Bauman, in the aggregate principal amount of $150,000. The note bears interest at 10.0% per annum and matures on August 9, 2024. The note is convertible into shares of common stock at a conversion price at the option of the holder at $0.001 per share, adjusted for anti-dilution provisions. The note is convertible into common stock at the option of the holder after the expiration of six months from the issuance date, in addition, should the note reach its maturity date, August 9, 2024, the note will automatically convert into shares of common stock at the conversion price, subject to anti-dilution provisions.


9. Short-term Notes (continued)

Mirage Realty, LLC

On November 15, 2023, the Company, entered into a senior secured promissory note in the aggregate principal amount of $250,000 for net proceeds of $223,500 after an original issue discount and fees of $26,500. The note earns interest at 10% per annum and originally matured on March 15, 2024. The maturity date was extended to April 15, 2024, with no change to the terms of the note or any additional consideration paid to the noteholder.