Replies to post #39374 on Ethema Health Corp (GRST)

[Niceguy1]

CEO is the worst communicator I've ever seen in the OTC
He stepped all over Q3 good results (10X revenue growth and 14% operating margin) by talking about buying real estate through some obscure consortium that won't bring one more patient through the door.
Like I said, I hope the creditors are lighting his arse right now for this ultra low and ridiculous PPS ($4M Mkt cap for a $4M annualized revenue company)..even if they can covert at advantaged pricing, there comes a point of diminishing returns especially if we get into trips..they will have less and less room to make profit per share, so they will need to covert more and less chance to dump the larger quantities required to get their money back

[Bubae]

The point is actually valid in my opinion. The company has accumulated a lot of debt and losses over something that it didn't own. The history of moving this ARIA entity around is very ugly. The reality is that Ethema (GRST) isn't a health care company. It is a self described "financial holding" company with 2 employees.

After tens of million in accumulated shareholder losses they still don't own a treatment facility. Accumulated deficit as of September 30 is $45,978,688. After millions through debt and toxic financing they only produced a net operating earnings increase of $53K over last quarter? Still trying to service over 18 million in current liabilities with $118K in quarterly earnings?

Two statements, one from the annual representing the beginning of this year and the other from the Q3 filing. How is it that these numbers can be worse now after a bit over 1.5 billion new shares added to the outstanding share count so far for 2021?

https://sec.report/Document/0001721868-21-000220/

3. Going concern

"As at December 31, 2020 the Company has a working capital deficiency of $12,929,648, including derivative liabilities of $4,765,387 and accumulated deficit of $42,459,781."

https://sec.report/Document/0001721868-21-000835/

3. Going concern
"At September 30, 2021 the Company has a working capital deficiency of $15,440,821, including derivative liabilities of $1,782,072 and accumulated deficit of $45,978,688."

[Niceguy1]

Quick calculations that show that more than dilutions are driving us to this level of PPS
Since June 30 (pre-ARIA Close announcement) we have dropped 63% in market cap and 73% in PPS while increasing about 1/3 more in shares
If our market cap had held at around 11.5M (you would expect it should have gone up after ARIA)..we would be at $.0033 today allowing for the extra shares.
Instead we are sitting at .0012 and near trips at times.
So, dilution is not the only factor here as some on this board are constantly harping on. The difference from .0033-.0012 in driven by the inaction/inability of the CEO to communicate the value of this company to investors. You can call it pumping if you want..really don't care at this point..but this guy needs to get with it and soon; he's costing us share holders quite a bit by the way he's handling his investor relations area


Market Cap
30-Jun $11,446,668
30-Nov $4,186,045 -63%

PPS
30-Jun $0.0044
30-Nov $0.0012 -73%

O/S
30-Jun 2,601,515,456
30-Nov 3,488,371,109 34%

PPS at June 30 Mkt Cap and Nov 30 O/S $0.0033