The thing is, you already gave the right answer some months ago, but you can't (won't) make the link with the 10k results. I know these results don't fit in your expectations from 24 months ago. But hey, sometimes you are just wrong...
You can't make this stuff up!
QUOTE: "At this point, I'm thinking that 2023 is the year for bankruptcy reorganization."
I will ask Mr. Leon ;-)
But yet, We are still waiting for that RS that you said was going to happen on the 3th of March 2023...
The RS you have indeed been talking about for almost 2 years now.
Or maybe we should wait for the day GRST is going to make a profit in the 10k, that day you said was never going to come... oops, you were wrong again... But thanks for your opinion...
Looks like some people here are not that correct in their expectations. LOL
The investors who take the least risk are paid first. For example, secured creditors take less risk because the credit that they extend is usually backed by collateral, such as a mortgage or other assets of the company. They know they will get paid first if the company declares bankruptcy.
...In most instances, the company's plan of reorganization will cancel the existing equity shares...
Ethema is the publicly traded investment holding company, registered in Colorado, U.S.
American Treatment Holdings, Inc, a US registered company (75% owned);
ATHI owns 100% of the members interest of Evernia.
Evernia Health Center, a US registered company;
Evernia operates a treatment center in West Palm Beach Florida and is a wholly owned subsidiary of ATHI which was acquired by Ethema effective July 1, 2021. The Company has been actively involved in the operation of this treatment center since June 30, 2020.
Cranberry Cove Holdings, Ltd, a Canadian registered company (wholly owned);
CCH owns and leases the property on which CART operates an addiction treatment center.
Delray Andrews RE, LLC (“DARE”), a US registered company (wholly owned and dormant);
DARE has remained dormant since inception.
On December 30, 2022, the company disposed of its interest in the following wholly owned subsidiaries to our Chairman and CEO, as they were no longer core to the business.
GreeneStone Clinic Muskoka Inc., a Canadian registered company;
Muskoka previously owned and operated the addiction treatment center in Canada which was sold to CART.
Addiction Recovery Institute of America, LLC (“ARIA”), a US registered company;
ARIA operated a treatment center in Delray Beach, Florida out of premises which it had acquired in February 2017. The treatment center was relocated and was operated out of leased premises in West Palm Beach Florida, which lease was subsequently terminated and all operations ceased under ARIA.
Employees As of December 31, 2022, Ethema had 46 employees.
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