Ethema Health Corp (GRST)

[Bubae]

Edgewater is nothing more than a management agreement and letter of intent stage at this point and with all the stakeholders who have to approve the deal I don't see a fire sale. Like the purchase, sale , leaseback scheme of 2023 to repack $2.3 into a more than $9 million lease liability, Shawn Leon is trying to repack some more debt using the same method. That deal required the personal guarantee of Shawn Leon and his wife. Who will underwrite the current effort to repack the new debt and why does he find himself in this position again already. At what point does he do the reverse split and regulation offering that he has been talking about in all five podcasts since January.

The Edgewater purchase was done at firesale prices due to previous owners legal troubles. Likely a good purchase for Leon so he can do his sale/leaseback of the land on collect millions upfront.

Bubae
Re: None
Monday, August 12, 2024 10:30:08 PM
Post# 50912 of 51245
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.

Bubae
Re: janetcanada post# 51146
Sunday, September 01, 2024 10:58:35 AM
Post# 51150 of 51245
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175019125

Here is a link to the press release Janet. Looks like you omitted it? My post# 50891 details their real estate ownership experience with links to the filings. These "smooth operators" should really avoid real estate transactions from what I see. 😆 Go to about 29:30 into the January podcast linked below and Shawn Leon starts talking about real estate ventures.