Replies to post #48614 on Ethema Health Corp (GRST)

[Bubae]

Shawn had to sign off on this deal because Leonite was taking then to task over their defaulted debt and time was up. The Leons are owed $3.8 million now and the series "N" note holders are owed more than $4.1 million is defaulted notes. Those notes were the result of private offerings that may include the Leons themselves. They would have lost all $8 million as unsecured debt holders in a bankruptcy. What you are seeing is personal preservation in conflict with corporate fiduciary responsibility. Shawn needs to get that debt into the hands of retail traders in some way or fashion. Now, How do they sell that regulation "A" offering?

The following sentence however effectively proves that these people (kowing what they are working toward) still have faith ... ''The deal required the signature of Shawn Leon personally, ...'' and they signed.

Bubae
Re: Koopa Troopa post# 48573
Tuesday, August 22, 2023 9:18:06 AM
Post# 48582
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172654472&txt2find=leons

A best estimate of what the Leon's are owed according to this filing is $3,811,167. This number does not include the four million series "A" preferred shares that Eileen Greene, the spouse of the CEO owns.