Ethema Health Corp (GRST)

[Bubae]

The the problem that you and declaes have trying to to define me and my posts is though you say I'm not accurate you fail to find the evidence. Who told you how the loss of the Canadian property would go down. It was is if Shawn Leon read the post and executed my plan. 😆 Who said Shawn Leon should be splitting the stock after dumping 1.3 billion new shares in Q3 and Q4 2021. Nine months later he files the original regulation "A" offering that didn't have a chance without a split. This company should be getting ready for the second split and offering since, not the first. Instead Shawn Leon restructured the $2.3 million in mostly defaulted debt in 2023 into what is currently a more than $9 million operating lease, more than $19 million over the 20 year term.

Ethema Health hasn't been able to leverage their stock for conversions or attracting capital for two and a half years now. Even you and I can stay solvent as long as the credit card holds up, as long as we can get another credit card to service the old credit card debt, but sooner of later that little Ponzi scheme fails. This one is destined to as well. It failed last year and was bailed out by the personal guaranty of both Shawn Leon and his spouse Eileen Greene. The terms needed for them to get out from under that debt is detailed in post# 50912 linked below. I have plenty about this current situation where these insiders are cashing out and reworking their debt positions for ownership. What is missing is unloading as much of this debt on retail traders as possible. A lot of money has been borrowed and spent in Q1 and Q2 to lure retail into buying but few are rising to the bait.

'I warned about dilution and was correct.'' . Quoting the evidence is ok and everyone expected that (even when for 2 year you were not accurate)

Bubae
Saturday, July 01, 2023 4:49:55 PM
Post# 47437
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172255399&txt2find=canadian%20property

An example of a potential press release promo spin item could be the retirement of roughly $4.2 million in debt. That would be the handing over of the Cranberry Cove Holdings business which holds the Canadian property and retiring the $3.5 million mortgage that matured July 2022, and the $700K in series "A" preferred shares that Leonite holds in Cranberry Cove.

The current tenant of the Canadian property has an option to purchase around CDN$7 million ($5.3 million). If that valuation is good maybe they can unload the $400 in Ethema series "B" preferred shares held by Leonite as well. These shares were mentioned in the last filing as part of current negotiations. So maybe they could claim $4.6 million and expenses in debt reduction.

The bad news is that the Canadian property has always been their best performing asset. Select chart below to enlarge.

Bubae
Re: None
Monday, August 12, 2024 10:30:08 PM
Post# 50912 of 51147
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174909131

Their ability to continue borrow is running into problems as evidenced by the expensive short term loans taken in Q1. They managed to buy some time in 2023 with the crazy and expensive property purchase, sale, and leaseback scheme which put both Shawn Leon and his spouse Eileen Greene on the hook for a more than $9 million operating lease agreement. There are certain “personal guaranty metrics” under this lease that must be met to relieve them of this personal debt guaranty. Those are detailed below, the largest hurdle appears to be the $5 million of unrestricted cash.