Replies to post #47939 on Ethema Health Corp (GRST)

[loanshark007]

That note did a lot to the PPS didn't it. What about the note before that one or the note before that one or the note before that one...........

Third, the Company has agreed to sell the subsidiary that owns the Canadian property to its senior lender in exchange for all of the senior lender’s preferred shares, accrued and unpaid dividends, and the assumption of the property mortgage. The Company will emerge from this transaction with a greatly streamlined cap table, an improved balance sheet, and a new focus on an “asset light” business model.

This was their best performing asset. The treatment center brings in peanuts. Do you even bother reading the filings?

[Bubae]

Shawn Leon looks to be spent from what I see. He took his best shot in the last press release that went nowhere. The continuous talking points of the past year are now gone.

For years he was always promoting a new acquisition with the most recent with a deposit and closing date shot down in the last press release. The situation is bad enough that he now claims that they have no plans for another attempt.

Every quarter the CEO talked about the treatment center property, how valuable it is because of 'development of a new University of Florida campus on the same block', about how much they have already invested in the development of the treatment center. In the end they ended up with an extended lease and what appears to be a $5.5 million lease deal for $3 million cash to pay some of the toxic debt earning default interest, penalties, fees. Did they hand over the $400K deposit as part of this deal that was squirreled away from those very expensive short term loans?

Debt retirement is always a press release talking point. Shawn Leon went so far to say in July 2022 'steadily increasing cash flow and should generate enough to repay the note in full prior to maturity.” ' Of course we know how that played out.

Regulation "A" offering which isn't good news existing shareholders promoted every quarter for nearly a year. Without a reverse split, forget about it.

What does he have after the last highly anticipated press release failed? What does he have to promote now? I'm not sure a one of two tick flip will work now though I have faith in those who will chase a press release no matter what.



Ethema Executes Two Real Estate Transactions and Major Debt Repayment
July 17, 2023 09:34 ET
https://www.globenewswire.com/en/news-release/2023/07/17/2705721/0/en/Ethema-Executes-Two-Real-Estate-Transactions-and-Major-Debt-Repayment.html

The previous announced LOI for the purchase of an acquisition in South Carolina was terminated due to an inability to extend it any further without a commitment of funds to close. Until such time as the Company has the resources and cash on hand to consummate such an acquisition, it will defer entering into any further LOI.


Ethema Signs Contract to Purchase Property
July 26, 2022 13:05 ET
https://www.globenewswire.com/en/news-release/2022/07/26/2486269/0/en/Ethema-Signs-Contract-to-Purchase-Property.html

Mr. Shawn Leon, Company CEO, reported, “We have worked hard to secure a manageable agreement to purchase the property.

We have made significant investments in the renovation of the property and those expenditures will now be amortized over a longer term.


Company Signs Purchase and Sale Agreement to Acquire Property and Ends Third Quarter Strong
October 05, 2022 13:07 ET
https://www.globenewswire.com/en/news-release/2022/10/05/2528993/0/en/Company-Signs-Purchase-and-Sale-Agreement-to-Acquire-Property-and-Ends-Third-Quarter-Strong.html

On October 3, 2022, Ethema signed a purchase and sale agreement (“Agreement”) to purchase the building and paid a $350,000.00 deposit as part of the Agreement, bringing the total deposit to $400,000 after getting credit for the $50,000.00 option payment.


Ethema Files 8K on Debt Restructure
July 22, 2022 15:09 ET
https://www.globenewswire.com/en/news-release/2022/07/22/2484639/0/en/Ethema-Files-8K-on-Debt-Restructure.html

The Company’s ARIA subsidiary is steadily increasing cash flow and should generate enough to repay the note in full prior to maturity.”