Ethema Health Corp (GRST)

[Bubae]

Shawn Leon got schooled when he came to the U.S. and got mugged by Leonite and others. We are looking at $4,783,424 of so called "friendly debt" that doesn't include the money owed to the Leons and other lenders. That debt and cash from teh sale of the Canadian clinic is money lost in operations since 2017 just from these people. Now these insiders have plans according to Shawn Leon's podcasts to reposition themselves with moves to equity to exit from what I see. The problem is that the orchestrated promotion to convert debt using the offering never materialized. These insiders are stuck until they can convince retail traders to buy the debt. Otherwise the stock and the company is worth very little. The treatment centers are all leveraged by lenders and have good balance sheets thanks to the losses of Ethema Health (GRST) shareholders. So whoever ends up with the treatment centers will do well with all the liabilities and debt owned by Ethema Health shareholders. A financial genius Shawn Leon is clearly NOT!
Bubae
Re: None
Thursday, September 19, 2024 4:15:19 PM
Post# 51251 of 51290
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175110973

So now Ethema Health is paying Lawrence Hawkins another $1.1 million for his 25% of the Evernia Treatment Center. This wasn't anything of a treatment center when purchased and is why they refer to it as a start-up in the 2021 press release. So they acquired the assets of the Boca facility for only $240K and assumed the lease which has about half of the number of beds as the Evernia facility. 🙄 Where did the money spent on Evernia go folks. Lawrence Hawkins now walks away with $1.1 million while Ethema Health bleeds cash? Just in case any of you Ethema longs were wondering where your current and future losses are going. That is just one example. 😆

Bubae
Re: pual post# 51205
Sunday, September 08, 2024 10:28:13 AM
Post# 51209 of 51290
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175050042&txt2find=series%2Bnotes

I have posted what the moves that the Leons have made but said little about the repositioning of those series "N" note holders that Shawn Leon dubbed "friendly debt" and we have also learned are "advisors" to the company. Shawn Leon talked about this debt being converted to equity and in the January podcast. In the July 18th podcast he talks about the creation of a new series of preferred shares.

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