I have really gotten tired of those who pump up this CEO despite the misinformation that is revealed every quarter. Shawn Leon is a swell guy, right? He pulled off one of my favorite OTC cons of all time. 😆 The best tactic ever is described in my post# 49668 with links where Shawn Leon managed to get Leonite's 150 million conversion shares done in what looks like a single day. Shawn Leon rallied is loyal twitter followers in February 2022 and dumped $150K of shares on them. What a guy. This was the last time that the company was able to convert debt to equity.
Then there is the 1.3 billion shares dumped in less than eight weeks at the beginning of 2020 taking the price down to $0.0001. Shawn Leon was pumping a letter of intent to acquire a treatment center with fantastic numbers that never actually happened. Details with the links to the information in post# 50074 linked below. Shawn sure is a honest guy. 😆
Those new to this stock should be aware of the nature of those who run this company. They will need to fix this share structure soon in order to move those reg "A" shares and we may see a final dump of shares before this happens. An example is the Leonite share dump of February 28th 2022. February 27th Ethema Health announces a series of press releases to come. Twitter followers showed up the next morning to the tune of 200 million shares traded in the first 30 minutes running it up just over .001 where Leonite hammered it with the new shares. Four press releases and 654 million shares for the week and by the following Friday it was trading right back where it started. It was a pretty good tactic and shows what happens when a company and toxic lender collaborate.
That over the top press release reminds me of what they did at the beginning of 2020. Huge press release at the end of December 2019 boasting about a letter of intent to purchase a wildly profitable treatment center. Then in January 2020 still boasting about fund raising for this acquisition and stating that they were closing the doors on the only treatment center they had in operation. During the first eight weeks of 2020 they also dumped 1.3 billion new shares taking the price down to $0.0001 where it stayed for four months. They sold conversions as low as $0.00006 a share during this period. They wouldn't own a share of a treatment center again until the summer of 2021 and they are still trying to purchase it.