Because this stock has been trash for years. This is just the latest scheme and you fools who have bought into it are now upset when I show what is going on using the company's own print. The stock purchase by the CEO's wife would suggest that Ethema Health just got a huge capital infusion. That clearly isn't the case. No new shares have been issued. It looks like she simply used the debt owed to her to price herself some shares at $0.04 and filed it as an insider buy. The last time Ethema Health was able to sell shares was in February 2022 when they did the four press releases in a week so that Leonite could dump $150K worth of shares on retail. See the outstanding share count for June 2022 in the Q2 filing? 3,729,053,805 shares is the same as of June 10 2024. Zero new shares were issued for the CEO's wife according to this information. We will likely see another form 4 by the end of the year showing where she sells the stock for the tax loss. This scheme is one way she can get the loss credit. I want to know why they are promoting this instead of filing an 8K explaining it. I see a SEC complaint developing.
The Company has authorized 10,000,000,000 shares with a par value of $0.01 per share. The company has issued and outstanding 3,729,053,805 and 3,579,053,805 shares of common stock at June 30, 2022 and December 31, 2021, respectively.
On February 28, 2022, the Company issued 150,000,000 shares of common stock to Leonite in connection with a conversion notice received, converting principal of $149,250.
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