Replies to post #40330 on Ethema Health Corp (GRST)

[Bubae]

Patently false information. Money advanced to the company from the Leons was nothing near $4.5 million. It does highlight more debt for the company however.

As a family, investing 4,500,000 in a company that has now a 3,000,000 mc is a big thing! And that is just what the LEON' are doing.

The Leons don't hold much in the way of risk related to share ownership. The son came by his 100 million shares for $25K or .00025 a share. The spouse of the CEO owns preferred shares. The Leons are owed a lot of money by the company but those funds are certainly not at risk. In fact I doubt that those holding the toxic debt are concerned with what is happening with the share structure or the lousy financial performance. It appears to me that everything from their perspective can be corrected by fixing the share structure with the reverse split. That is it, the bottom line is their exposure to risk is easily mitigated. That is exactly why the Leons didn't take shares in exchange for the funds loaned to the company in my opinion. In fact, according to the last quarterly they are beginning to get repaid...and not is shares or share conversions, good old cash. Nothing wrong with that. I would have done exactly the same and judging from the YTD chart they made a very informed and wise decision.


It appears to me per the Q3 filing that the CEO and his wife are now being repaid for money owed. Compare the same “related party transactions” for Q2 and Q3 and the line items for payment from the Q3 filing.


16. Third party loans
On April 12, 2019, Eileen Greene, a related party assigned CDN$1,000,000 of the amount owed by the Company to her, to a third party. The loan bears interest at 12% per annum which the Company agreed to pay.

During the current period the Company repaid CDN$160,000 (approximately $131,557).


Operating Expenses
Operating expenses were $747,468 and $117,276 for the three months ended September 30, 2021 and 2020, respectively, an increase of $630,192 or 537.4%. The increase is primarily due to the following:

> Management fees, excluding ATHI and Evernia was $(259,175) and $0 for the three months ended September 30, 2021 and 2020, respectively, a decrease of $259,175 or 100.0%. Management fees accrued to payables to our CEO were reversed during the current period as these fees have not been paid for several years.

Q3 2021 filing
https://sec.report/Document/0001721868-21-000835/

18. Related party transactions
Shawn E. Leon
As of September 30, 2021 and December 31, 2020 the Company had a payable to Shawn Leon of $121,797 and $322,744, respectively. Mr. Leon is a director and CEO of the Company. The balances payable are non-interest bearing and has no fixed repayment terms.

Management fees from prior periods due to Mr. Leon amounting to $259,175, related to Mr. Leon and reflected as a payable to Mr. Leon were reversed during the current period Due to the current financial position of the Group, Mr. Leon forfeited the management fees due to him for the three and nine months ended September 30, 2021 and for the year ended December 31, 2020.

Leon Developments, Ltd.
As of September 30, 2021 and December 31, 2020, the Company owed Leon Developments, Ltd. $929,369 and $930,307, respectively, for funds advanced to the Company.

Eileen Greene
As of September 30, 2021 and December 31, 2020, the Company owed Eileen Greene, the spouse of our CEO, Shawn Leon, $1,490,507 and $1,558,798, respectively. The amount owing to Ms. Greene is non-interest bearing and has no fixed repayment terms.


Q2 period ended June 30 2021 filing.
https://sec.report/Document/0001721868-21-000524/

14. Related party transactions

Shawn E. Leon

As of June 30, 2021 and December 31, 2020 the Company had a payable to Shawn Leon of $373,231 and $322,744, respectively. Mr. Leon is a director and CEO of the Company. The balances payable are non-interest bearing and has no fixed repayment terms.

Due to the current financial position of the Group, Mr. Leon forfeited the management fees due to him for the three and six months ended June 30, 2021 and for the year ended December 31, 2020.

Leon Developments, Ltd.

As of June 30, 2021 and December 31, 2020, the Company owed Leon Developments, Ltd. $966,538 and $930,307, respectively, for funds advanced to the Company.

Eileen Greene

As of June 30, 2021 and December 31, 2020, the Company owed Eileen Greene, the spouse of our CEO, Shawn Leon, $1,532,284 and $1,558,798, respectively. The amount owing to Ms. Greene is non-interest bearing and has no fixed repayment terms.

All related party transactions occur in the normal course of operations and in terms of agreements entered into between the parties.

[declaes]

Tnx... it is soo easy to turn every part of info on a otc stock into a bad news.

It is the case as an investor to look true all the misinformation.

We can keep posting all info over and over again, but what's the purpose of this?

Maybe 5 or 10 investors will be influenced, so be it. A company on the right track will make it, whatever get posted here.

Too much time wasted already.

GRST soon 0.01 in 2022 and that's my opinion