Ethema Health Corp (GRST)

[Bubae]

Your point #2. Shawn Leon didn’t “purchase” the 53% for majority control. I show in post# 51211 the sources fo the debt they claimed to convert for those shares to include accrued management fees for Shawn Leon which he declared as forfeited every single quarter over the previous years claimed. That is a fact. It would seem to me that management fees are income which is taxable yet they claim full vale in the conversions to stock.

2. Mr. Leon purchased 53% of the outstanding shares — that’s a FACT, not a red flag.
When outside capital didn’t come in, he stepped in and put his own money on the line. That’s not a “Ponzi” move — that’s ownership, commitment, and skin in the game. He didn’t dump shares, he accumulated them.

Bubae
Re: pual post# 51210
Monday, September 09, 2024 8:32:22 AM
Post# 51211 of 52308
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175052617&txt2find=buy-in

The Leons aren't stupid people and they took steps to mitigate their exposure to losses with their debt to equity conversions. Shawn Leon just took $420K in what he called "accrued" management fees in July and used it in the regulation "D" 506 offering that the Leons wrote for themselves in July priced at $0.0005. With the $185K in management fees related to Leon Developments when they lost the Canadian property to Leonite for debt in 2023 the total in so called "accrued" management fees would be $605K. So all that certainly helps his $1.5 million debt to equity exchange in July.