Ethema Health Corp (GRST)

[Bubae]

I wouldn't get too excited about the operations that Ethema Health is taking over. First the Boca operation was handed over for assumption of the lease and buying the hard assets for which Leon just borrowed another $250K. Those hard assets were the contents of the treatment center like furnishing, equipment etc. The sales deal in the 8K lists everything, looks like a garage sale listing. 😆 The second operation that they are taking over sounds like a real winner. The Kentucky operation just wanted someone to take it over and manage it and they even financed the deal. Now Ethema Health can do what these private operators could not. That is sell stock to finance a losing operation. Go to 11:20 in the July 18th podcast and hear Shawn Leon detail the intended use of the offering. $500K for Boca and another $1 million to help this new Kentucky situation. Now understand the offering doesn't come until they split the living crap out of this this thing to get the share structure right so they can once again dilute the living crap out of it again. Next post I will tell you what I really think. 🤣