Ethema Health Corp (GRST)

[Bubae]

Don't get me started on Shawn Leons ethics. 😉 Post# 51784 details how the Leons managed their majority of ownership control to the file in January the reverse split, and the cancellation of shareholder voting rights. Now those shares can be sold by the Leons without any concern about control. The debt and so called bogus management fees converted to equity is the first step for them to recover their money. Shareholders over the years are just plain old fashioned screwed. Had the Leons invested that money in the stock they would have been screwed as well. But no, they just entered those funds as debt to be paid by the company, not an investment in the common. That is for the low life retail traders, not for the high and mighty. Speaking of which there is another $5 million of so in preferred shares that is held by what Shawn Leon referred to as friendly debt holders and advisors January 2024. Did Shawn Leon mention to you when they will execute the reverse split?


Bubae
Re: declaes post# 51777
Monday, January 13, 2025 12:49:23 PM
Post#51784  of 52300
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175657670&txt2find=management%2Bfees

The Leons didn't exactly Buy-in. The diluted the stock by more than 100% in July with that deal for controlling interest. The Leons converted debt owed to them into majority ownership to do what they are doing now. That debt included the dubious claim of management fees that they declared forfeited in every filing. details with links in post# 51211 linked below. The company still owes the Leons more than $1 million and there is another $5 million plus in so called in friendly debt never were really "invested" in this. Shawn Leon spoke of converting the so called friendly debt into equity a year ago in the podcasts. In the latest 8K they increased the number of series B convertible preferred shares from 400,000 to 30 million. That is where the so called friendly debt will land. This takes the debt off the books and makes it look like they actually have some investors. When it is all done though these insiders really have nothing other than a cash burning enterprise if they are unable to con OTC retail to bail them out with the coming regulation A offering. These people should have lost their money long ago yet they are now maneuvering to get their money out. First, convert to convertible equity.

Bubae
Re: None
Thursday, November 21, 2024 11:18:38 AM
Post# 51480 of 51983
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175420557

Go to 11:20 into the July podcast where Shawn Leon starts talking about the use of proceeds from the regulation "A" offering whos shares would be exempt from registration and immediately free trading. We see $500K to support the operations at Boca and another $1 million to support the operations in Kentucky. He goes on to talk about the new convertible preferred shares that he claims he will be selling to investors. I do not see any real investors buying preferred shares of this scheme and they never have before. What I see is that new bucket of preferred shares is to convert the balance of the millions of so called "friendly" debt Shawn Leon talked about back in the January podcast. June 15th video at about 25:40 into the podcast be begins to talk about the NYSE and a $3 price, consolidation, and related party stock conversions. The January podcast talks specifically to the $4 million additional debt to be converted at about 24:10 into the segment. That friendly debt to the so called advisers is now close to $5 million.