Replies to post #47740 on Ethema Health Corp (GRST)

[Bubae]

So far for a couple of years you would be hard pressed to show where I have been wrong. Where I have been incorrect is the timing for an offering and a reverse split. After they dumped right at 1 billion new shares in Q3 and Q4 2021 taking the price into the trips they should have followed up wit the split and then the offering. I was saying this at the time and it would have been good advice for the CEO who has already resided over two failed treatment center since coming to Florida. What they did instead was start piling the debt back on until they ended up with debt in default earning default interest, penalties, and monitoring fees. Just brilliant. So what did Shawn Leon do now, that's right borrow again to the tune of what appears to be $3 million in this convoluted $5.5 million property lease agreement. He also had to give up his best performing asset and the badly needed cash flow. Leonite made out like a bandit on that one.

The guidelines for this ticker that I wrote on July 13th is still intact! Completely!.

> Don't chase the press release because they fail every time no matter how hard Shawn Leon tries to manipulate the pump.

> The latest letter of intent complete with a deposit and closing date of course didn't happen for the very same reasons as all the rest over the years, no money or credit.

> The debt claimed to be retired was simply paid from more borrowing by rolling the debt into a lease agreement on the property.

May I be so bold to say that I am one of the very few over the years who has provided relevant and accurate information on this board about this above average scam of an OTC pink company.

Bubae
Thursday, July 13, 2023 8:26:53 PM
Post# 47548 of 47747
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172337149

For those who are new to this ticker let me offer a few pointers when reading over the press releases.

Letters of intent are just that, an intent. They are to generate some interest in the stock and not a single one, of the many, over the years was executed to completion. The growth through acquisitions narrative is almost constant.

Debt reduction headlines always means that they borrowed more to pay the old debt. In the past year this has meant new debt to pay on the old with very bad terms...