Replies to post #48071 on Ethema Health Corp (GRST)

[Bubae]

You are kidding right? Pick any press release and I will reveal it to be the disinformation that it is. Shawn Leon is actually much worse than the typical CEO with the BS press releases.

I respect Leon not throwing fake PR out there left and right like other OTC companies do.

Press release 2022 claims that they would make a series of payments to retire the LABRYS notes. Not a single payment was made despite borrowing heavily during the quarter. That debt was exchanged for the nasty June Leonite note.

Shawn Leon stated in the The July press release 'steadily increasing cash flow and should generate enough to repay the note in full prior to maturity.' Three forbearance agreements later resulting in that note earning default interest and we have this current property purchase, sale, leaseback nonsense.

It took nearly 60 days for the June Leonite 8K to be released after the deal. These guys reveal as little as possible. We never did see the "pledge and security agreement" that was supposed to be attached to the June Leonite 8K.

Every press release is like this, just pick one. This last one will be no different in my opinion and I doubt that this deal gets done because it appears to have a number of problems. If deals like this are doable as a paper drill, many companies would be doing it to hide debt.

Remember, Shawn Leon claims to have 'created three million of cash without issuing debt or equity' That's right, out of thin air. It is amazing that all companies don't avoid bankruptcy when millions can be created out of nothing. No need for equity, no need for debt, just some gracious property owner with an amazing philanthropic propensity. But if that were the case then simply state it. Why wasn't this deal done over a year ago and avoid the debt reload of 2022.


Ethema Continues to Reduce Debt
March 01, 2022 10:19 ET
The amendment which also altered the Maturity Date to May 31, 2022 calls for the balance to be paid in the following amounts on the following dates; $100,000.00 on March 31, 2022, $150,000.00 on April 30, 2022 and $136,000.00 on May 31, 2022.

A similar amendment was made to the Labrys $230,000.00 note dated June 2, 2021 such that there will be no conversions under the note as long as the note is repaid in two equal payments of $127,650.00 on May 31, 2022 and June 30, 2022. The maturity date of the note was amended to June 30, 2022.


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

Mr. Shawn Leon, Company CEO, reported,

This will enable the Company more time to generate cash flow for repayment of the debt. The Company’s ARIA subsidiary is steadily increasing cash flow and should generate enough to repay the note in full prior to maturity.”


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

We created three million of cash without issuing debt or equity and improved our balance sheet by $8.7 million.

[janetcanada]

GRST - "Follow up on the 7/17 news"..................

*** Mr. Shawn Leon True To His Words...***<< 2023 WILL BE GREAT>>***Delivered an Optimistic PR
Showing his Commitment and Effort to Succeed in his Humanitarian Cause to Help Peoples in Need to Regain a Normal Life!.....

***https://www.globenewswire.com/newsrelease/2023/07/17/2705721/0/en/Ethema-Executes-Two-Real-Estate-Transactions-and-Major-Debt-Repayment.html

*** Mr. Shawn Leon is Pleased and is Projecting a Positive & Optimistic Forthcoming Outlook......

***The Satisfaction at ARIA Center is Good..... Clients Satisfaction is what makes the Business Grow!***......

***Customer satisfaction is a measurement that determines how well a company's Products or Services meet Customer Expectations. As such, it helps Predict Business Growth and Revenue.

Addiction Recovery Institute of America offers compassionate, Personalized addiction treatment in Florida.

***Drug Rehab West Palm Beach, FL | ARIAhttps://www.ariafl.com

***"PROFILE
Ethema Health Corp offers addiction and mental health rehabilitation treatments for residents. The company has developed a unique style of treatment that has demonstrated much success with in-patient treatment for adults. It operates primarily in Delray Beach, Florida, located between Palm Beach and Miami.

*** Addiction Recovery Institute of America
"74 Google reviews" -

***Updated Events that did Occur that should make the difference Going Forward!.....

1-Increase in Bed now 62
2-Increase in Billing Rate from New Directions....
***Increase in Staff now 46 from 2 last year-

-The Company growth is real and the elimination of variable rate debt is real.

***Please Read Post #42737 & 42751 Reply from The CEO!

***Financial Times***
https://markets.ft.com/data/equities/tearsheet/profile?s=GRST:PKC

***SimplyWallStreet
https://simplywall.st/stocks/us/healthcare/otc-grst/ethema-health

.https://nz.finance.yahoo.com ›

GRST - https://fb.watch/bN-wNMFvWg/
https://t.co/5GwitXravc $GRST

***Time will tell the Story***