Ethema Health Corp (GRST)

[Bubae]

You got that right. The Bauman note has an unusual automatic conversion feature dated August 9th. We also do not have details for the "anti-dilution provisions". I would think Shawn Leon would like to get that converted before a split and it certainly will have an immediate impact on share price. I see 25,000 shares traded yesterday for less than $13 for the day. You think the new story is working? The balance on the Bauman note as of March 31st was $124,769 and can convert at any time. They would need to sell 249,538,000 new shares to cover that at $0.0005. Now consider the "anti-dilution provisions", so likely double that number if you are able to maintain an average price of $0.0005 while converting. That is just the one single note scenario. 😆

Whatever Leon does to eliminate some debt should have an immediate impact on our market cap (pps).

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

Page 17
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.