Replies to post #52343 on Ethema Health Corp (GRST)

[declaes]

Don't you get of your own misinformation?
You really are something, Bubae. Once again, you try to pass off half-truths and spin as facts — but it only takes a few minutes of reading the filings to expose the nonsense:

Lie #1: “The Mirage note earns 24% monthly in default interest.”
Completely false. The 10-Q clearly states that the maximum default rate is 24% annually — not monthly. Here's the quote straight from page 24 of the 10-Q:
“...default interest at a maximum of 24% per month, subject to the Usury Act.”
Translation: the clause exists on paper, but it’s capped by state usury laws. No lender is earning 24% monthly — that’s a fabricated scare tactic.

Lie #2: “The company is losing the 25% of ATHI because of the note.”
Wrong again. GRST used that loan as a strategic bridge to acquire the final 25% of ATHI — and they’ve already paid a majority of that ($625K up front). The rest is being paid in interest-free installments. If that sounds like financial distress to you, you’re just hoping for bad news.

Lie #3: “Every year Shawn Leon has notes in default.”
If this is your “pattern recognition,” it’s flawed. Most microcaps go through phases of bridge financing — especially during expansion. The key difference is: Mr. Leon puts up personal guarantees and keeps equity ownership high. That’s not “stupid” — that’s commitment.

Speculation: “The filing will be dropped after hours Friday and dumped.”
Classic basher move: assume the worst, insert a laughing emoji, and cross your fingers that fear spreads. Here's the reality: GRST is fully reporting, audited, and current. The company files on schedule and is moving toward uplisting — and that scares you because your narrative depends on failure.

Frankly, I’m grateful for the bashers like you.

You keep retail investors nervous, which keeps the stock price artificially low — and that gives people like me more time to accumulate shares in a growing healthcare platform before uplisting happens. Keep talking. I'm buying.

[declaes]

So let's take a closer look at one of your misinformations... (Lies)

You say 24% intrest per month - what you don't say is "subject to the Usury Act"

Looking to see how much the lender is now making off that Mirage note that according to the filing earns 24% a month in default interest. That note is secured by 25% of the Ethema Treatment Center. The very same 25% that Shawn Leon agreed to pay $1.1 million for last year. Losing that 25% isn't much of a threat however because the treatment center is a loser so why take it? I would just let the note fester and wait for the cash from an eventual offering. With the compounding monthly interest that note could be worth $1.5 million now. Shawn Leon every year since I have been following this has had notes in default so he has it down pat now. Have to admit that it takes a special kind of stupid to cultivate that kind of penalty on a loan.

Let's see...

From GRST's 10-Q (March 31, 2024):

...bearing interest at 6% per annum for the first two months, 9% per annum for the following two months, and 18% per annum for the last two months. The note also provides for default interest at a maximum of 24% per month, subject to the Usury Act.

So here's what GRST actually pays:
Period Duration Interest Rate (Annualized) Legally Enforceable?
Months 1–2 2 months 6% per annum Yes
Months 3–4 2 months 9% per annum Yes
Months 5–6 2 months 18% per annum Yes

These rates are standard and not usurious. The note is not currently in default, so the 24% figure does not apply.

What about that “24% per month” clause?
That part is just a default penalty provision.
However:

Florida’s usury law caps interest at 18% annually on loans under $500,000, and 25% annually on loans over $500,000 (this note is $600K).

Therefore, 24% per month (288% annually) is completely unenforceable under Florida law.

So, even if GRST defaulted, the maximum default rate would be 25% annually — and only if enforced by a court.

Bottom line:
GRST is paying between 6%–18% annually depending on the term phase — all within normal ranges for private secured debt in the small-cap world.
The 24% monthly number is a red herring and cannot be enforced under state law.

But thank you for keeping the PPS low with your bullshit!

[pual]

''Have to admit that it takes a special kind of stupid to cultivate that kind of penalty on a loan.''
Are you alluding to:
- The man getting the loans knowing (according to you) he will never have to pay back anyhow?
or
- The man loaning the money not understanding (as you suggest) he will never be paid back, nevermind collecting the interests?
This said, I must admit that you are so much smarters than these idiots (LOL)