Ethema Health Corp (GRST)

[Bubae]

What keeps spinning here is th😆e promotional narrative. Yeah, selling post split is a much better idea. 🙄 When the CEO of a stinky OTC ticker tells you that he intends to consolidate the stock then sell an offering I have a tendency to believe that he will eventually do it. The problem Shawn Leon has now is that he has been shown with the full blown promotion of the story that was launched in June isn't selling. The story is devoid of reality. They need some serious buy in from retail to be able to convince the "qualified buyer" of the regulation "A" offering offering to subscribe and they aren't getting it. Those shares of the regulation "A" offering will be free trading when they get the stock split to satisfy his senior market up-list narrative.

Shawn Leon just did another deal for himself. On September 27th he converted $6000 into 600,000 shares of Series A Preferred stock. Add that to his spouse's (Eileen Greene) ownership of the series "A" and we get 4,600,000 shares. Those shares have voting rights of 10:1 to the common. So they convert the dubious debt to common priced at the predetermined $0.0005 to secure more than 50% control. Post split the common will get flushed so then it becomes a question of post split control. I guess that transaction wasn't worthy of a form 4 filing despite the influence post split that it could have. With the deals the Leons have been doling out for themselves it is nice to be in charge, is it not? 😆

In any case, selling at current PPS would be ridiculous ... The wheel is still spinning ...

For the quarterly period ended September 30, 2024
https://www.sec.gov/ix?doc=/Archives/edgar/data/0000792935/000190359624000678/grst_10q.htm
Page 21
b. Series A Preferred shares

Authorized, issued and outstanding
The Company has authorized 10,000,000 Series A preferred shares with a par value of $0.01 per share. The Company has issued and outstanding 4,600,000 and 4,000,000 Series A Preferred shares at September 30, 2024 and December 31, 2023, respectively.

On September 27, 2024, the Company issued 600,000 shares of Series A Preferred stock to Mr. Shawn Leon for the conversion of $6,000 of related party payables, see note 14 above.