Replies to post #52294 on Ethema Health Corp (GRST)

[Bubae]

Yeah, Shawn Leon has a pretty good gig going there with the property leases. He will be getting a percentage of each lease detailed in the January 23rd 8K filing. See, he will make money even as Ethema Health borrows and bleeds cash because those leases will be paid as expenses. Nice pass through to his own bank account if he can get back to selling shares of this trash heap of a company that he has managed to load up with debt. He isn't a crook. The SEC could not care less if he scams you all as long as he files the appropriate paper work. 🤣 I really can't wait to see that Q1 filing. The annual will be informative but the Q1 should be packed full of new material.

https://www.sec.gov/ix?doc=/Archives/edgar/data/792935/000190359625000048/grst_8k.htm

ARIA Kentucky entered into the following leases with certain subsidiaries of BH Properties Fund, LLC (“BH Properties”), a fund controlled by the CEO of the Company, Shawn Leon, a related party:

ARIA Kentucky executed a lease with ERC Investments LLC for the property at 425 Clinic Drive, Morehead, KY (the “425 Clinic Lease”) for a term of five years at the rate of $312,000.00 per year escalating 1.5% annually for a total obligation of $1,607,507.28. The lease is effective January 1, 2025.

ARIA Kentucky executed a lease with ERC Investments LLC for the property at 445 Clinic Drive, Morehead, KY (the “445 Clinic Lease”) for a term of five years at the rate of $120,000.00 per year escalating 1.5% annually for a total obligation of $618,272.03. The lease is effective January 1, 2025.

ARIA Kentucky executed a lease with ERC Investments LLC for the property at 1111 US 60, Morehead, KY (the “1111 US 60 Lease”) for a term of five years at the rate of $480,000.00 per year escalating 1.5% annually for a total obligation of $2,473,088.12. The lease is effective January 1, 2025.

ARIA Kentucky executed a lease with New Journey LLC for the property at 189 Edgewater Road, Morehead, KY (the “189 Edgewater Lease”) for a term of five years at the rate of $96,000.00 per year escalating 1.5% annually for a total obligation of $494,617.62. The lease is effective January 1, 2025.

ARIA Kentucky executed a lease with New Journey LLC for the property at 795 Cranston Road, Morehead, KY (the “795 Cranston Lease”) for a term of five years at the rate of $96,000.00 per year escalating 1.5% annually for a total obligation of $494,617.62. The lease is effective January 1, 2025.

ARIA Kentucky executed a lease with New Journey LLC for the property at 2180 US 60, Morehead, KY (the “2180 US 60 Lease”) for a term of five years at the rate of $36,000.00 per year escalating 1.5% annually for a total obligation of $185,481.61. The lease is effective January 1, 2025.

ARIA Kentucky executed a lease with New Journey LLC for the property at 721 White Street, Morehead, KY (the “721 White Lease”) for a term of five years at the rate of $30,000.00 per year escalating 1.5% annually for a total obligation of $154,568.01. The lease is effective January 1, 2025.

ARIA Kentucky executed a lease with JDE Properties LLC for the property at 166 Maple Drive, Morehead, KY (the “166 Maple Lease”) for a term of five years at the rate of $60,000.00 per year escalating 1.5% annually for a total obligation of $309,136.02. The lease is effective January 1, 2025.

ARIA Kentucky executed a lease with JDE Properties LLC for the property at 214 Jackson Drive, Morehead, KY (the “214 Jackson Lease”) for a term of five years at the rate of $30,000.00 per year escalating 1.5% annually for a total obligation of $154,568.01. The lease is effective January 1, 202five.

ARIA Kentucky executed a lease with JDE Properties LLC for the property at 1135 Rodburn Hollow Drive, Morehead, KY (the “1135 Rodburn Hollow Lease”) for a term of five years at the rate of $30,000.00 per year escalating 1.5% annually for a total obligation of $154,568.01. The lease is effective January 1, 2025

In addition, on January 9, 2025, ARIA Kentucky executed an assignment of lease for the property at 154 S Owens Road, Morehead, KY (the “154 S Owens Lease”) with MAT Properties LLC, a third party not owned by BH properties or otherwise affiliated with the Company’s CEO, to assign a lease between Edgewater Recovery Center LLC and MAT Properties LLC for a term of three years at the rate of $180,000.00 per year for a total obligation of $540,000.00. The lease is effective January 1, 2025.

On January 9, 2025, ARIA Kentucky also executed a lease with Trent Developments, LLC, a third party not owned by BH properties or otherwise affiliated with the Company’s CEO, for the property at 141, 141.5 and 143 East Main Street, Morehead, KY (the “141 Main Lease”) for a term of five years at the rate of $138,000 per year escalating 1.5% annually after the second year for a total obligation of $702,544.67. The lease is effective January 1, 2025.

[Bubae]

Don't get me started on Shawn Leons ethics. 😉 Post# 51784 details how the Leons managed their majority of ownership control to the file in January the reverse split, and the cancellation of shareholder voting rights. Now those shares can be sold by the Leons without any concern about control. The debt and so called bogus management fees converted to equity is the first step for them to recover their money. Shareholders over the years are just plain old fashioned screwed. Had the Leons invested that money in the stock they would have been screwed as well. But no, they just entered those funds as debt to be paid by the company, not an investment in the common. That is for the low life retail traders, not for the high and mighty. Speaking of which there is another $5 million of so in preferred shares that is held by what Shawn Leon referred to as friendly debt holders and advisors January 2024. Did Shawn Leon mention to you when they will execute the reverse split?


Bubae
Re: declaes post# 51777
Monday, January 13, 2025 12:49:23 PM
Post#51784  of 52300
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175657670&txt2find=management%2Bfees

The Leons didn't exactly Buy-in. The diluted the stock by more than 100% in July with that deal for controlling interest. The Leons converted debt owed to them into majority ownership to do what they are doing now. That debt included the dubious claim of management fees that they declared forfeited in every filing. details with links in post# 51211 linked below. The company still owes the Leons more than $1 million and there is another $5 million plus in so called in friendly debt never were really "invested" in this. Shawn Leon spoke of converting the so called friendly debt into equity a year ago in the podcasts. In the latest 8K they increased the number of series B convertible preferred shares from 400,000 to 30 million. That is where the so called friendly debt will land. This takes the debt off the books and makes it look like they actually have some investors. When it is all done though these insiders really have nothing other than a cash burning enterprise if they are unable to con OTC retail to bail them out with the coming regulation A offering. These people should have lost their money long ago yet they are now maneuvering to get their money out. First, convert to convertible equity.

Bubae
Re: None
Thursday, November 21, 2024 11:18:38 AM
Post# 51480 of 51983
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175420557

Go to 11:20 into the July podcast where Shawn Leon starts talking about the use of proceeds from the regulation "A" offering whos shares would be exempt from registration and immediately free trading. We see $500K to support the operations at Boca and another $1 million to support the operations in Kentucky. He goes on to talk about the new convertible preferred shares that he claims he will be selling to investors. I do not see any real investors buying preferred shares of this scheme and they never have before. What I see is that new bucket of preferred shares is to convert the balance of the millions of so called "friendly" debt Shawn Leon talked about back in the January podcast. June 15th video at about 25:40 into the podcast be begins to talk about the NYSE and a $3 price, consolidation, and related party stock conversions. The January podcast talks specifically to the $4 million additional debt to be converted at about 24:10 into the segment. That friendly debt to the so called advisers is now close to $5 million.

[janetcanada]

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