Ethema Health Corp (GRST)

[Bubae]

Yes, I quoted and posted the link to filings. No one said that it was illegal. Unethical? In my opinion setting up such a conflict of interest would be considered a problem for a reasonable person investing in a business that loses money. BH Properties Fund, LLC was set up by Shawn Leon as a separate business entity to Etehma Health. The best part is that the Leons are on the hook for all of this and without cash flow from share sales they are pretty much screwed. 😆

The ethics displayed by these people are exactly what you would expect from the addiction treatment center business. The previous owners of the Kentucky Edgewater operations ran afoul of the law and got hit with a $2.2 million penalty by the Feds. In the January filing announcing the reverse split that has yet to be executed they announced the cancellation of shareholder rights. Honest people for sure. 🙄 Can't wait to see the status of the defaulted debt.

The leasing arrangement with BH Properties, an entity controlled by Leon, is clearly disclosed in official SEC filings—something the poster ironically cites yet deliberately misrepresents. This type of related-party transaction is legal, disclosed, and governed by standard accounting and SEC compliance rules. Transparency is not deception.

Date of Report (Date of earliest event reported): January 9, 2025
https://www.sec.gov/ix?doc=/Archives/edgar/data/0000792935/000190359625000048/grst_8k.htm

On January 9, 2025, in connection with the consummation of the acquisition of the assets of Edgewater Recovery Centers, LLC (“ECI”) described under Item 2.01 below of this Current Report on Form 8-K by ARIA Kentucky, LLC (“ARIA Kentucky”), a wholly owned subsidiary of Ethema Health Corporation (the “Company”), pursuant to the Asset Purchase Agreement, dated October 22, 2024 (the “APA”), by and among ECI, its sole member John David Elam (the “Seller”) and ARIA Kentucky, ARIA Kentucky entered into the following leases with certain subsidiaries of BH Properties Fund, LLC (“BH Properties”), a fund controlled by the CEO of the Company, Shawn Leon, a related party:

Bubae
Re: pual post# 51387
Saturday, October 26, 2024 10:30:03 PM
Post# 51388 of 52284
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175292997

With the full court press promotions since June you would have thought Shawn Leon gave you all more to use than an copy and paste complaint. Looks like Shawn Leon identified an opportunity for himself and the real investors with the acquisition of the property. How nice it is to be both landlord, manager and tenant. Pretty much a guaranteed investment don't you think? Looks like Shawn Leon had no trouble finding investors for that deal. 😆Unlike the deal described in the August 7th press release it looks like Shawn Leon has created yet another potential revenue stream for himself.

Bubae
Re: None
Sunday, September 01, 2024 3:58:35 PM
Post# 51155 of 51224
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175019941&txt2find=justice%2Bdepartment

Well dig a little and you can get the rest of the story when it comes to this company. Looking at the management agreement that I previously posted for the Edgewater Recovery Center I noticed a reference in the agreement 5. compensation - line item c states Payment to Lenders and Justice Department. Justice Department? It found that the folks who owned Edgewater ran afoul of the law and got hit with a $2.2 million penalty according to the press release dated January 2024. I would like to know if Edgewater was making any money even with the nefarious activity. You won't get that in a press release from Ethema Health and Shawn Leon.