Bubae
2 weeks ago
Take a look at the July 2021 press release for a 30K foot look at the Everina Treatment center deal. Without going into details of money spent since Ethema Health up to the 2021 closing had more than $1.1 invested in this treatment center with another 100 million shares handed over to Lawrence Hawkins that the company valued at $410K. Another $50K for a total of $1,600,985 as of the time of closing in 2021. Ethema Health has been supporting this treatment center ever since. What is more is that according to the July 8K where Shawn Leon awards himself management fees they show where the total management fees paid to Lawrence Hawkins was $420K.
So now Ethema Health is paying Lawrence Hawkins another $1.1 million for his 25% of the Evernia Treatment Center. This wasn't anything of a treatment center when purchased and is why they refer to it as a start-up in the 2021 press release. So they acquired the assets of the Boca facility for only $240K and assumed the lease which has about half of the number of beds as the Evernia facility. 🙄 Where did the money spent on Evernia go folks. Lawrence Hawkins now walks away with $1.1 million while Ethema Health bleeds cash? Just in case any of you Ethema longs were wondering where your current and future losses are going. That is just one example. 😆
Ethema Closes on Multi-Million Dollar Treatment Center
July 12, 2021 11:04 ET | Source: Ethema Health Corporation
https://www.globenewswire.com/en/news-release/2021/07/12/2261364/0/en/Ethema-Closes-on-Multi-Million-Dollar-Treatment-Center.html
The Vendor retains 25% of the shares of ATI. In addition to advances in the form of an operating loan that the Company had advanced to ARIA as part of the consideration, the Company also issued to the Vendor 100,000,000 shares of Ethema common stock and agreed to pay the vendor $50,000.00 in cash.
At the time of closing the Company had loaned ARIA approximately $1.1 million to fund its start-up all of which it had borrowed from various lenders over the previous 15 months.
For the fiscal year ended: December 31, 2021
https://www.otcmarkets.com/filing/conv_pdf?id=15732252&guid=jsL-kaxCCoGaJth
4. Acquisition of subsidiaries
... As of the date of acquisition, July 1, 2021, the Company had advanced Evernia $1,140,985...
...Pursuant to the terms of the Amended Purchase Agreement, the consideration paid for 75% of the equity of ATHI was $50,000 in cash plus the issuance of 100,000,000 shares of the Company’s common stock with a market value of $410,000 on the date of acquisition...
July 2024 8K Filing
https://www.otcmarkets.com/filing/html?id=17679613&guid=jsL-kaxCCoGaJth
Item 3.02 Unregistered sale of Equity Securities.
The former owner partner had been paid management fees of 420,000 from 2021 to the end of 2023 which is the same amount that the CEO was entitled to but deferred...
Boca Purchase 8K
https://www.otcmarkets.com/filing/conv_pdf?id=17626396&guid=jsL-kaxCCoGaJth
...The seller was Boca Cove Detox, LLC. The purchase price was $240,000.00.
Bubae
3 weeks ago
wow, killer day today.😆 One buy for $45 and another taking the time to buy 90 cents worth. Two trades for $45.90 today must be impressing the he77 out of those who might subscribe to that regulation "A" offering. 😃 What is Shawn Leon's plan C if the leaseback debt relief effort fails? He and the misses may have to sign off on another guarantee after hoping traders of this stock would help bail them out from the last deal.
Bubae
Re: None
Monday, August 12, 2024 10:30:08 PM
Post# 50912 of 51158
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174909131
Their ability to continue borrow is running into problems as evidenced by the expensive short term loans taken in Q1. They managed to buy some time in 2023 with the crazy and expensive property purchase, sale, and leaseback scheme which put both Shawn Leon and his spouse Eileen Greene on the hook for a more than $9 million operating lease agreement. There are certain “personal guaranty metrics” under this lease that must be met to relieve them of this personal debt guaranty. Those are detailed below, the largest hurdle appears to be the $5 million of unrestricted cash.
Bubae
3 weeks ago
Edgewater is nothing more than a management agreement and letter of intent stage at this point and with all the stakeholders who have to approve the deal I don't see a fire sale. Like the purchase, sale , leaseback scheme of 2023 to repack $2.3 into a more than $9 million lease liability, Shawn Leon is trying to repack some more debt using the same method. That deal required the personal guarantee of Shawn Leon and his wife. Who will underwrite the current effort to repack the new debt and why does he find himself in this position again already. At what point does he do the reverse split and regulation offering that he has been talking about in all five podcasts since January. The Edgewater purchase was done at firesale prices due to previous owners legal troubles. Likely a good purchase for Leon so he can do his sale/leaseback of the land on collect millions upfront.
Bubae
Re: None
Monday, August 12, 2024 10:30:08 PM
Post# 50912 of 51245
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174909131
Their ability to continue borrow is running into problems as evidenced by the expensive short term loans taken in Q1. They managed to buy some time in 2023 with the crazy and expensive property purchase, sale, and leaseback scheme which put both Shawn Leon and his spouse Eileen Greene on the hook for a more than $9 million operating lease agreement. There are certain “personal guaranty metrics” under this lease that must be met to relieve them of this personal debt guaranty. Those are detailed below, the largest hurdle appears to be the $5 million of unrestricted cash.
Bubae
Re: janetcanada post# 51146
Sunday, September 01, 2024 10:58:35 AM
Post# 51150 of 51245
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175019125
Here is a link to the press release Janet. Looks like you omitted it? My post# 50891 details their real estate ownership experience with links to the filings. These "smooth operators" should really avoid real estate transactions from what I see. 😆 Go to about 29:30 into the January podcast linked below and Shawn Leon starts talking about real estate ventures.
Bubae
3 weeks ago
You have never been correct talking about this stock. You have never presented any real due diligence. This is why you hold hold more than $100K of this trash. I have honestly never seen anyone admit to having so much tied up in one OTC stinky pink. Then you average down to 9, Shawn Leon pays for this expensive walk-up and you still can't unload. 😆
Shawn Leon burned his promotional material getting the price up on relatively low volume. If he can muster another crazy property purchase, sale, leaseback deal to wrap up the new debt he will likely use that promotion to move some offering shares. He needs to split this thing like he has been talking about before wasting another round of promotion. And that is what the expensive promotion since June was, wasted in terms of attracting new capital, converting debt, or converting that offering. Only fools are buying this stock right now and as you can see with the low volume, there aren't many of them.
declaes
Re: A deleted message
Friday, July 05, 2024 2:03:32 PM
Post# 50390of 51239
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174708577
Holding the bag??? Yes 116,000,000 shares at 0.0009. Still better than your 30,000 $OMID shares at 0.05 😂. You are a FOOL man.
janetcanada
3 weeks ago
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janetcanada
3 weeks ago
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Bubae
3 weeks ago
That's funny. My posts a year ago would have been more speculative since there was less information. But I did predict how the loss of the Canadian property would go to the point where it looked like Shawn Leon followed my plan. He should have followed my advice at the beginning of 2022 with the split and offering after dumping 1 billion share dump in Q3 and Q4 2021 dropping this into the trips. No, he wouldn't try an offering until nine months later and to date he hasn't been able to do anything with it. Just borrow, borrow, borrow...Ponzi Scheme. 🙄
Now Shawn Leon has five podcasts and many press releases for 2024 where he talks about the plan. With the Mark Markowski and Shawn Leon comedy road show we pretty much have an idea the direction this is going.
They are probably doing the best thing right now with insiders position to convert to equity. I believe they should position the millions of insider debt to preferred shares of ATHI for an eventual exit. Let Ethema Health go bankrupt and file for an OTC listing under American Treatment Holdings, Inc (ATHI), the holding company for the treatment centers which already has a share structure of its own. Shawn Leon has essentially burned Ethema Health to the ground with debt from what I see . Like about a year ago, your posts about GRST made still some sense. But at this point, you have become an angry basher that makes no sense at all anymore...
Bubae
4 weeks ago
You don't have to google search long before realizing that the addiction treatment center is full of shady characters. Not only did the owner of the Edgewater Recovery Center get hit with a $2.2 million business related fine but he also got hit with a couple other unrelated legal actions. The Justice department came down on Edgewater in January 2024 with the $2.2 million fine. In February the owner and his wife got hit with DUI, and public intoxication charges in February 2024 for what one article claimed was not alcohol related. 😆 According to a May article the happy couple got hit with child pornography charges. Now Ethema Health will need to rehabilitate the treatment centers local reputation?
Owners of Ky. drug rehab facility facing child porn charges
By WKYT News Staff and Grason Passmore Published: May. 23, 2024
https://www.wkyt.com/2024/05/23/owners-ky-drug-rehab-facility-facing-child-porn-charges/
According to Kentucky State Police, The owners of Edgewater Recovery, John and Myra Elam, both face charges related to child pornography.
The two were arrested at their home in Morehead on Thursday as a result of an undercover Internet Crimes Against Children (ICAC) investigation.
Suspicions confirmed
By Jeff Vanderbeck Publisher Jun 5, 2024
https://www.floydct.com/opinion/suspicions-confirmed/article_60a52f28-22a8-11ef-a154-d376927e62a6.html
In February John and Myra were arrested — John on a charge of DUI — not alcohol — and Myra on an intoxication charge. Also in February Edgewater and their shifty partner, Acculab LLC, d/b/a Thoroughbred Diagnostics agreed to pay $4.9 million for allegedly submitting false claims for urine drug testing. Edgewater admitted guilt and agreed to pay $2.2 million. However they remained in business.
And if allegedly reverting back to drugs and bilking the government out of money because they lied and cheated wasn’t bad enough, God-fearing John and Myra were arrested in Rowan County last week on charges of possession of child pornography. And John tacked on one count of possession of a firearm by a convicted felon. According to the secretary of state, the Edgewater business is active and there are facilities in Morehead.
Embattled rehab operators arrested for DUI, public intoxication
Ralph Davis Article Updated: June 18, 2024
https://mountain-topmedia.com/embattled-rehab-operators-arrested-for-dui-public-intoxication/
John Elam, 43, and Myra Elam, 43, both of Morehead, were arrested early Saturday morning, after a driver reported their vehicle for traveling recklessly and at a high rate of speed on Interstate 64.
The officer noted that both were unsteady on their feet and were slurring their words. Both were administered field sobriety tests and the officer wrote in his report that both showed clues of impairment, with John Elam drooling while talking to police and Myra Elam having a hard time making normal body movements.
The Elams operate Edgewater Recovery Center, which has residential addiction treatment centers in Morehead, Pikeville, Flemingsburg and Paducah.
While they were being arrested, the officer noted in his report that both kept telling him that they know numerous police officers, lawyers, public officials and judges, how much money they have, and how they were going to ruin the officer’s life for arresting them.
Kentucky Lab Agrees to $4.9 Million Civil Judgment and Drug Treatment Center Enters Settlement to Pay $2.2 Million to Resolve False Claims Act Allegations
Tuesday, January 30, 2024
https://www.justice.gov/usao-edky/pr/kentucky-lab-agrees-49-million-civil-judgment-and-drug-treatment-center-enters
Relatedly, the United States entered into a settlement agreement with Edgewater Recovery Center, LLC (“Edgewater”), the drug rehabilitation facility that caused the submission of those false laboratory claims, to resolve its own False Claims Act liability. Pursuant to that settlement agreement, Edgewater will pay the Government $2.2 million.
Under the terms of its Settlement Agreement with the United States, Edgewater agreed to pay $2,249,632.92 to resolve allegations that it caused the submission of false claims. Edgewater also entered into a Corporate Integrity Agreement with the U.S. Department of Health and Human Services, Office of Inspector General, requiring the business to appoint a Compliance Officer – who will be tasked with implementing policies to ensure compliance with federal health care program requirements and monitoring Edgewater’s day-to-day compliance activities – and retain an independent compliance expert to review their compliance program.
Bubae
4 weeks ago
Looking over the Edgewater letter of intent. Even with this deal Shawn Leon intends to structure it under something other than Ethema Health. "This letter of intent will confirm the intension of an entity ("Buyer") to be formed by Ethema Health Corporation..." Again, Ethema Health shareholders are for paying the debt and liabilities while the operations enjoy a low capital cost operation for which Shawn Leon brags about being cash flow positive.
"...The purchase agreement will be for the shares and / or assets of Edgewater Recovery centers, LLC ("ETC")..." Looks like another entity with its own share structure to leverage. They never used shares of American Treatment Holdings, Inc. (ATHI) to settle any debt and you can bet that Edgewater will be the same. The letter of intent shows that the "sellers" name to be John David Elam. I did a little search on that name and found an individual of very low character. That information for its own post. 😆
Edgewater Letter of intent
https://www.sec.gov/ix?doc=/Archives/edgar/data/0000792935/000190359624000411/grst_8k.htm
"This letter of intent will confirm the intension of an entity ("Buyer") to be formed by Ethema Health Corporation..."
"...The purchase agreement will be for the shares and / or assets of Edgewater Recovery centers, LLC ("ETC")..."
Bubae
Re: None
Sunday, September 01, 2024 3:58:35 PM
Post# 51155 of 51224
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175019941&txt2find=justice%2Bdepartment
Well dig a little and you can get the rest of the story when it comes to this company. Looking at the management agreement that I previously posted for the Edgewater Recovery Center I noticed a reference in the agreement 5. compensation - line item c states Payment to Lenders and Justice Department. Justice Department? It found that the folks who owned Edgewater ran afoul of the law and got hit with a $2.2 million penalty according to the press release dated January 2024. I would like to know if Edgewater was making any money even with the nefarious activity. You won't get that in a press release from Ethema Health and Shawn Leon.
Bubae
4 weeks ago
Where did you get the $1 million valuation for this debt ridden mess? The debt and liabilities are assumed by Ethema Health (GST) to make the treatment center operations look clean. Those operations held by American Treatment Holdings, Inc. (ATHI) are way over leveraged and they did it again by selling future receivables of the treatment center in Q2. I detail how leveraged the treatment center is in post# 50922 linked below.
Shawn Leon did what he did with the Evernia Treatment Center with the purchase of assets and assuming the lease for the Boca Raton operation. The Q2 filing shows that Ethema Health paid $240K for equipment inventory and supplies of Boca Cove and an additional $83,393 for security deposit for the assumption of the lease. All borrowed cash. On page 32 of the filing they called it the purchase of property and equipment. 🙄 Ethema Health nor American Treatment Holdings, Inc. (ATHI) holds claim to any real property.
So Ethema Health (GRST) takes on the debt here for the Boca operations but who is listed as the buyer in the bill of sale attached to the 8K filing? Yep, The Evernia Treatment center who is wholly owned by American Treatment Holdings, Inc. (ATHI) who has a share structure and stakeholders of its own. Debt and liabilities belong to Ethema Health shareholders same for the Evernia Treatment Center. Those stakeholders holding the debt are secured by the assets of American Treatment Holdings, Inc. (ATHI), not Ethema Health. If Ethema Health goes bankrupt the treatment center and its stakeholders will do just fine. Of course ATHI is way over leveraged so some may have to settle for scraps. All paid for by the OTC retail trading losses in GRST. 😆 So where did you get a $1 million valuation from? By the way, we discuss a company currently worth just over $1 million. LOL! Bill of sale for the Boca Raton operations
https://www.sec.gov/ix?doc=/Archives/edgar/data/0000792935/000190359624000411/grst_8k.htm
Bubae
Re: Welcome2Pinkyland post# 50921
Wednesday, August 14, 2024 9:16:24 AM
Post# 50922 of 51218
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174917110&txt2find=leveraged
Now the Evernia treatment center and its holding company which has a share structure of its own, American Treatment Holdings, Inc. (ATHI).is way over leverage to secure the new debt. Yeah, they are building a business. Up to now they have been running a borrowing Ponzi scheme because they haven't been able to convert equity to cash for more than two years now. It doesn't look as if they are any closer now even after months of promotion. Bubae
Re: None
Wednesday, September 04, 2024 6:35:39 PM
Post# 51189 of 51218
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175033796&txt2find=leveraged
It looks like the latest gambit is to try and leverage the Edgewater letter of intent and its real estate for some badly needed funds. I bet the entireEdgewater deal will depend on that being successful with that effort since retail has taken a pass on buying into any offering. Meanwhile the clock continues to tick on that debt. They have $600K representing half of the bridge loan maturing on November 15th and is secured by the 25% of ATHI that the company just agreed to pay $1.1 million for. Yeah they are still trying to buy the original Evernia treatment center. One very expensive piece at a time. 🙄
For the quarterly period ended June 30, 2024
https://www.sec.gov/ix?doc=/Archives/edgar/data/0000792935/000190359624000535/grst_10q.htm
Page 12
5. Acquisition of Boca Cove Detox
On March 22, 2024, the Company executed a LOI to acquire certain assets, including furniture, equipment inventory and supplies of Boca Cove Detox, LLC, along with the assignment of lease and sub-lease for premises located at 899 Meadow Avenue, Boca Raton, Florida. On May 1, 2024 the Company, through its subsidiary Evernia Health Center LLC, entered into a Definitive Agreement whereby the Company would assume...
...The lease was assigned on June 10, 2024 and the Company entered into a Bill of Sale to give effect to the Definitive Agreement.
The purchase price was $240,000 which was settled by a deposit of $20,000 and a cash payment of $220,000 and the payment to the Seller of $83,393 for the assumption of the security deposit held by the landlord of the Leased Premises located at 899 Meadows Road.
Page 32
During the current period, we paid $625,000 for the acquisition of the minority interest in ATHI, a further $240,000 for the acquisition of the assets of Boca Cove Detox and a further $83,393 for the assumption of the real property deposit on the Boca Cove facility. Property and equipment purchased during the current period was $58,880 and in the prior period was $21,642. The purchase of property and equipment in both periods related to the expansion of the in-patient treatment facility.
Bubae
4 weeks ago
Shawn Leon doesn't "presumably plan" to convert those management fees to equity as part of 506 offering. He did do it in July. Not only do you people not read the filings but you also don't bother to read the excerpts that I have been posted many times with links. 🙄 What now is claimed to be deferred fees was filed as forfeited fees every quarter going back years. See that line "...management agreement for the Company subsidiary ARIA..." from the July 8K?
On December 30th 2022 Ethema Health sold Addiction Recovery Institute of America (ARIA) to Shawn Leon for $0 according to the 2022 annual. Links to the ARIA information is in post# 51153 below. The ARIA entities last filing in Florida was a "ADMIN DISSOLUTION FOR ANNUAL REPORT" dated September 2023 yet Shawn Leon has been referring to this as a current subsidiary of the company.
The 8K is linked below along with the 506 offering that the Leons wrote themselves price at $0.0005 a share titled "10.02 Management Agreement ". Funny, the management agreement is in another document which is also in post# 51153 with pics of Exhibit "C" detailing the agreement. At this point it doesn't look like Shawn Leon cares much about what shareholders think in my opinion, he does as he pleases. The company has spent a lot trying to promote the regulation "A" offering in Q1 and OTC retail traders have taken a pass. Then, if I understand, Leon takes equity to cover for GRST's asset owned to him and Leon keeps accumulated management fees that he presumably plans to exchange for more equity.
Sunbiz Addiction Recovery Institute of America (ARIA)
https://search.sunbiz.org/Inquiry/CorporationSearch/SearchResultDetail?inquirytype=EntityName&directionType=Initial&searchNameOrder=ADDICTIONRECOVERYINSTITUTEAMER%20L160000969181&aggregateId=flal-l16000096918-6e04f7a9-e9af-4418-8568-1209f6ef801d&searchTerm=addiction%20recovery%20institute&listNameOrder=ADDICTIONRECOVERYINSTITUTEAMER%20L160000969181
10.02 Management Agreement Completed July 10, 2024
https://www.sec.gov/ix?doc=/Archives/edgar/data/0000792935/000190359624000411/grst_8k.htm
FORM 8K - Date of Report (Date of earliest event reported): July 8, 2024
https://www.sec.gov/ix?doc=/Archives/edgar/data/0000792935/000190359624000411/grst_8k.htm
ITEM 3.02 UNREGISTERED SALE OF EQUITY SECURITIES.
On July 12, 2024 the Company CEO and his spouse converted a total debt of $2,000,000.00 into 4 billion shares of restricted common stock of the Company at the price of $0.0005 per share. The debt was non-interest bearing and aged from 0 to 7 years old. A portion of the converted debt was due to Management fees that the CEO was entitled to under a management agreement for the Company subsidiary ARIA, bur deferred due to cash flow constraints. The former owner partner had been paid management fees of 420,000 from 2021 to the end of 2023 which is the same amount that the CEO was entitled to but deferred. That amount was recorded in the books of the Company on July 10, 2024 and converted to stock on July 12, 2024. The balance of debt converted between the CEO and his spouse was from cash injections into the company and Real Estate assets sold to the company. The Company CEO converted 1,500,000 of his debt and his spouse converted 500,000 of her debt. The Share purchase agreement is attached hereto as Exhibit 10.02.
Bubae
Re: pual post# 51151
Sunday, September 01, 2024 1:08:39 PM
Post# 51153 of 51213
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175019522
See how layered it is? As you recall on December 30th 2022 Ethema Health sold Addiction Recovery Institute of America (ARIA) to Shawn Leon for $0. Now the Evernia facility, the Boca facility and now the management of the Edgewater operations are all referred to as ARIA facilities. An August 2020 press release states "...Evernia has registered a DBA for doing business as Addiction Recovery Institute of America..." Next is the September 2020 press release with the statement that the Evernia treatment center has licensed the name Addiction Recovery Institute of America (ARIA). Shawn Leon has been developing this brand since acquiring and it is used for all operations under American Treatment Holdings Inc (ATHI), separated with its own shares structure and stakeholders. Buy wait, the reason stated in the 2022 annual for the sale of ARIA to Shawn Leon was "...as they were no longer core to the business..." wow. 🙄
pual
4 weeks ago
''mitigate their exposure to losses with their debt to equity conversions'' ... ''Now Shawn Leon is owed years of accrued management fees !?! ''
Then, if I understand, Leon takes equity to cover for GRST's asset owned to him and Leon keeps accumulated management fees that he presumably plans to exchange for more equity.
I therefore assume he does not acquire all this equity in a company that he work at getting bancupt. That approach may dilute the value of our shares but at $0,0008 or 9 the market cap of the company still is pretty insignificant.
What I wonder is, why would Leons (''aren't stupid people'' as per your saying) keep accumulating equity in an outfit they are leading toward failure? If their plan is not to own shares in a failed company, why should we worry?
Bubae
4 weeks ago
The Leons aren't stupid people and they took steps to mitigate their exposure to losses with their debt to equity conversions. Shawn Leon just took $420K in what he called "accrued" management fees in July and used it in the regulation "D" 506 offering that the Leons wrote for themselves in July priced at $0.0005. With the $185K in management fees related to Leon Developments when they lost the Canadian property to Leonite for debt in 2023 the total in so called "accrued" management fees would be $605K. So all that certainly helps his $1.5 million debt to equity exchange in July.
The balance of the money owed to Shawn Leon when they sold Cranberry Cove Holdings Ltd. (“CCH”) which owned the Canadian property to Ethema Health in 2017. Had he taken the cash at that time there would have been serious tax consequences in Canada. But that cash was recorded as debt owed to Leon Developments which is wholly owned by Shawn Leon. Now that money became part of the $2 million debt to equity conversions through the 506 offering. So losses related to that buy which gave them voting control of the company will be largely mitigated with the tax loss that would have been a capital gain and earned income tax. It would be interesting to know if tax laws in Canada would allow this maneuver. 🤔 What about the taxes on those accrued management fees?
Shawn Leon sells Cranberry Cove Holdings Ltd. (“CCH”) to Ethema Health in 2017, then after wrecking the finances of Ethema Health hands over that entity to Leonite to settle debt in 2023. What is more, some of the money from the sale of the Canadian treatment center was used in the first Florida purchase at Delray Beach. Property there was also handed over to Leonite for debt it October 2019. Now Shawn Leon is owed years of accrued management fees !?! 🙄
As usual you believe everyone to be stupid, Leon and all those financing him risking to lose it all if, as you keep alluding to, Leon declares bancrupcy. Must be tough to be as smart as you are in this world of stupid business people.Bubae
Re: None
Sunday, July 14, 2024 8:28:18 AM
Post# 50552 of 50742
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174750976&txt2find=Leonite%2Bwarrant
It would appear that what they are doing now was planned for a year ago. When they renegotiated the Leonite warrant they included exemptions to the anti dilution language. Those exemption exist for certain parties as long as they don't dilute below $0.0005. When does Shawn plan to convert the rest of it, pre split or after. Explains the aggressive June promotion now doesn't it? They hoped to get the price up and maintain it through the split in order to preserve their buy price from what I see. See Page 5 of the warrant document 10.8 from the August 2023 8K linked below for the anti-dilution language. I had to use windows magnifier to view. Good time for a bad scan wasn't it. 😆
Bubae
Re: FatCatFenix post# 50524
Saturday, July 13, 2024 8:38:07 PM
Post# 50540 of 50742
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174750062&txt2find=management%2Bfees
So now Shawn Leon is owed and converted $420K in management fees for turning Ethema Health into a shite hole of debt? 🤣 Now wait, consistently under related parties and the line of management fees stated "...Due to the current financial position of the Group, Mr. Leon forfeited the management fees due to him..." I have never seen a line item stating an accrual of management fees due Shawn Leon in the filings. So he now claims $420K in accrued management fees and converted that into 840 million restricted shares. Lets take a look at the definition for the word "forfeit" below. No ambiguity there from what I see. The Leons are owed $2,660,190 as of March 21st which would not include the $420K in accrued management fees Shawn Leon now has converted. That's right, another line item for the SEC complaint.
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loanshark007
6 days ago
declaes
3 weeks ago
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