Replies to post #51434 on Ethema Health Corp (GRST)

[Bubae]

What keeps spinning here is th😆e promotional narrative. Yeah, selling post split is a much better idea. 🙄 When the CEO of a stinky OTC ticker tells you that he intends to consolidate the stock then sell an offering I have a tendency to believe that he will eventually do it. The problem Shawn Leon has now is that he has been shown with the full blown promotion of the story that was launched in June isn't selling. The story is devoid of reality. They need some serious buy in from retail to be able to convince the "qualified buyer" of the regulation "A" offering offering to subscribe and they aren't getting it. Those shares of the regulation "A" offering will be free trading when they get the stock split to satisfy his senior market up-list narrative.

Shawn Leon just did another deal for himself. On September 27th he converted $6000 into 600,000 shares of Series A Preferred stock. Add that to his spouse's (Eileen Greene) ownership of the series "A" and we get 4,600,000 shares. Those shares have voting rights of 10:1 to the common. So they convert the dubious debt to common priced at the predetermined $0.0005 to secure more than 50% control. Post split the common will get flushed so then it becomes a question of post split control. I guess that transaction wasn't worthy of a form 4 filing despite the influence post split that it could have. With the deals the Leons have been doling out for themselves it is nice to be in charge, is it not? 😆

In any case, selling at current PPS would be ridiculous ... The wheel is still spinning ...

For the quarterly period ended September 30, 2024
https://www.sec.gov/ix?doc=/Archives/edgar/data/0000792935/000190359624000678/grst_10q.htm
Page 21
b. Series A Preferred shares

Authorized, issued and outstanding
The Company has authorized 10,000,000 Series A preferred shares with a par value of $0.01 per share. The Company has issued and outstanding 4,600,000 and 4,000,000 Series A Preferred shares at September 30, 2024 and December 31, 2023, respectively.

On September 27, 2024, the Company issued 600,000 shares of Series A Preferred stock to Mr. Shawn Leon for the conversion of $6,000 of related party payables, see note 14 above.

[MrAnderson010]

I'm tired of reading the attacks on Bubae. It's good to see people finally waking up that he's trying to help. Shawn Leon at one point did operate real treatment centers, but at some point this became about real estate and buy backs. It's actually a pretty interesting scheme to be able to buy real estate from these corrupt treatment programs like Edgewater and then rent it back to them, while all the garbage gets dumped on investors while he gets the "management" fees and the property. And then rinse and repeat. This is not 50/50. It's 90/10 at best. And the feds are all over Edgewater and got a nice settlement out of that investigation. Having ARIA fix Edgewater...talk about having the blind lead the blind. If you really like gambling, go to a casino. Investing shouldn't be exactly the same as a slot machine. A slot machine you pull it, and you either win or lose. You don't sit around for 7 years...

https://whitediamondresearch.com/wp-content/uploads/2017/08/GRST-WDR-report.pdf

Price in 2017 was $.0799. What's it now? $.0007. With way less assets and way more debt. That's 7 years ago. This is not complicated people. Hawkins gets 1.1. million. Leon gets...who even knows at this point. Whenever he feels like he deserves management fees, which I would love to know how any of this qualifies as management. Mis-management fees maybe lol. It's like a perfect storm of everything not to do. I think if he really wants to help people, he'll take this thing out of it's misery, take his management fees, and go golfing. OR come on here and actually answer Bubae's questions. There's no doubt that at one point he was doing good, but this thing in South Florida has been a complete disaster and it just keeps on getting more convoluted.