Replies to post #46839 on Ethema Health Corp (GRST)

[Bubae]

I guess that is possible. The beauty of a regulation "A" offering is that the shares are immediately tradable once issued. Toxic lenders used to be able to immediately dump unregistered shares until the rule 144 changes in late 2021 which now requires a holding period of 6 month minimum for unregistered share sales. The June Leonite note gives Leonite the right to participate in any subsequent offering "so long as the borrower shall have any obligation under this note..." as stated in section 3.10 Right of Participation. Notice that the note status now after the March 1st maturity date is "In Forbearance" per the March 1st press release. The new date for the note is today, May 8th. That $745K June note with default interest and penalties in now worth well in excess of $1 million now. That note was exchanged for the Labrys debt of $596K. This is called a toxic debt spiral that is unsustainable.

Note that the latest regulation "A" filing is a post qualification filing with a new statement of "PRELIMINARY OFFERING CIRCULAR DATED April 10, 2023, SUBJECT TO COMPLETION" and paragraph in red stating so with the new date. This is like the original filing and I suspect that it will need to be qualified once again by the SEC which would normally only take a couple of weeks from the filing date. I suspect that we will see a reverse split filing very shortly after a qualification or along with the Q1 filing and subsequent press release. Buyer of regulation "A" offering shares do not buy and hope that the market price increases in my opinion. Rather they acquire them and immediately sell like a toxic lender covering debt payment obligations.



Ethema Extends Dates for Debt Repayment and Real Estate Closing
March 01, 2023 08:00 ET | Source: Ethema Health Corporation
https://www.globenewswire.com/en/news-release/2023/03/01/2618141/0/en/Ethema-Extends-Dates-for-Debt-Repayment-and-Real-Estate-Closing.html

...has signed an extension and forbearance agreement with Leonite Capital Inc. extending the due date for its note due March 1, 2023. The Company will continue to pay interest on the note and it will be due May 8, 2023.


1-A POS filing dated May 4th
https://www.otcmarkets.com/filing/html?id=16623154&guid=tDu-keRV-tGvJth

An offering statement pursuant to Regulation A relating to these securities has been filed with the Securities and Exchange Commission. Information contained in this Preliminary Offering Circular is subject to completion or amendment....

PRELIMINARY OFFERING CIRCULAR DATED April 10, 2023, SUBJECT TO COMPLETION


Leonite June note 8K
https://www.otcmarkets.com/filing/html?id=15961451&guid=tDu-keRV-tGvJth

[Think1st]

So you like this co???