Could also be that what they are doing is simply running the new acquired treatment center which does not require any special notice (8K) ....but that being said...what's required and what is good management practice is far and wide different. Just because you're not required to report something...you should still be communicating with shareholders regularly especially when the PPS has dropped so significantly in the past few months
The company has already made statements that are not honest, in fact materially deceptive in intent, in the latest two 8Ks and the FAQ page. Due to potential culpability regarding these statements I would seriously doubt they say much else. I would like to know who wrote those 8Ks since they do not represent the true nature of the notes.
Traders here need to put potential revenues in perspective. Ethema appears to me to be simply a financier of operations that were bought into with shareholder dollars. We aren't able to see the balance sheet for ARIA for example so we have no way of determining net earnings from their operations. Any revenue or interest for funds lent that percolates up will likely be minimal in my opinion. According to the 10K Ethema only has 2 employees. Expectations here appear to be out of line with the reality of the liabilities on the balance sheet. You can see their capital burn rate in the quarter over quarter accumulative deficit number. $2.6 million is not good.
Revenues were $96,158 and $82,301 for the three months ended June 30, 2021 and 2020, respectively, an increase of $13,857 or 16.8%, this included the rental escalation as per the agreement and a deterioration in the currency exchange rate against the Canadian Dollar over the prior period.
Accumulated deficit June 31 - 47,504,454 and 44,858,784 as of March 31
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