Well what we do know for sure is that the CEO stated there is no REVERSE SPLIT on the horizon, so in that way, we also do know who is lying on this board.
O, and I'm sure GRST will get some extensions if needed if the debtholders know they will get their money in the next 12 months. they now have conversion price at $0.01 this shows even the toxic debtholders are convinced of GRST's turnaround.
"On July 17, 2022, the Company executed the final documents for a revised and extended note (“Leonite Note”) which replaces the Labrys notes from May and June 2021. The new 10% $745,375.00 convertible note includes an OID of 10%. The note has a fixed conversion price of $0.01 per share subject to adjustments should other new financings be done at more favorable terms. The note is due 9 months from the issuance date of June 1, 2022"
It looks like GRST is going to pay that debt back in the next 9 months starting from June 1. With the conversion price set at $0.01 we might have an indication where the PPS will go to in the next 9 months. At $0.01 the $745,375 note is paid off with 74,537,500, if needed. I'm sure noone is in panic at GRST or at Leonite ;-)
With 30% more beds, 40% more revenues and 10% less costs, everyone can see GRST will soon be able to pay off the debt from the past.
With 8,000,000 revenues in the next 12 moths and a EBITDA of 30% I'm sure they have a open door out of debt soon. Just look at the Q2 numbers!
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