Bubae
23 seconds ago
The Leons didn't get their shares the way you all did. Shawn Leon wrote himself and his wife a an offering at $0.0005 for their shares which was planned a year ago with the exemption for themselves written into the Renegotiated Leonite warrant. Details with links for all that is in post# 51308. So the Boca and Evernia treatment centers are held by American Treatment Holdings, Inc, (ATHI) with a share structure of its own which is leveraged to the hilt to secure the new debt because Ethema Health's credit is nil. now the new deal for the Kentucky operations was structured under a new entity called "ARIA Kentucky, LLC". Ethema Health can't own anything directly because is is debt ladened trash whose shares are worthless in terms of converting debt or attracting capital. Debt holders want nothing to do with Ethema Health, they will peel away the sheltered assets if they aren't paid. Like the way Shawn Leon is continuing to build that ARIA brand that he owns?
FORM 8K filed October 29, 2024
https://www.sec.gov/ix?doc=/Archives/edgar/data/0000792935/000190359624000626/grst_8k.htm
Edgewater Recovery Centers, LLC
On October 22, 2024, ARIA Kentucky, LLC (“ARIA Kentucky”), a wholly owned subsidiary of Ethema Heath Corporation (the “Company”) and Edgewater Recovery Center LLC (“ECI”) and its sole member John David Elam (the “Seller”), entered into an Asset Purchase Agreement (the “APA”) pursuant to which ARIA Kentucky agreed to acquire and ECI agreed to sell to ARIA Kentucky, on the closing date, the addiction treatment operations owned by ECI and located in Morehead and Paducah, Kentucky through a purchase of the assets of ECI (the “Acquired Assets”) , including; all assets of ECI used in the business of ECI (except for certain specified assets), including but not limited to all current assets existing at the time of closing, all cash balances and rights to receive cash, all equipment, machinery, all warranties related to the business and acquired assets, all intangible personal property, intellectual property, all business inventories, all property leases associated with the business, all assumed contracts, all governmental authorizations;
Bubae
Re: sylvia07 post# 51307
Monday, October 14, 2024 10:48:34 AM
Post# 51308 of 51393
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175225972&txt2find=warrant%2B%20management
Lets break down what you call Shawn Leon' "good money" Looks like the Leons needed to acquire more than 50% of Ethema Health for voting control because they need to make some moves here to protect what they call "friendly debt" held by themselves and these series "N" and now "R" note holders.
Bubae
Re: pual post# 51366
Wednesday, October 23, 2024 2:18:08 PM
Post# 51369 of 51393
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175277019&txt2find=ARIA%2Bbrand
You Chose Paul. I see a Chief Executive Officer, Chief Financial Officer, President, and Director of Ethema Health Corporation (Shawn Leon) who increasingly cares little about what common shareholders think. You have to be pretty bold after years of shareholder losses here to take the Addiction Recovery Institute of America ("ARIA") subsidiary for your own, paying $0, and then continue to develop the brand at their expense. He even refers to it as a brand in the latest press release. I can post a series of items like this to support you "crooked imbecile" inference. The September 1st post below fleshes out the subject with links to the information.
Bubae
24 hours ago
New 8K out today. Haven't had time to dig into it but at first glance I see again that Shawn Leon set himself up as landlord. How nice it is to be in charge. Yet another conflict of interest for one who is supposed to have a fiduciary responsibility to shareholders.
FORM 8-K
https://www.otcmarkets.com/filing/html?id=17923394&guid=CHL-kp-Ja1ZuB3h
This Real Property is to be acquired in a separate transaction by a fund, BH Properties Fund, LLC (“BH Properties”) controlled by the CEO of the Company, Shawn Leon, a related party, and will be leased to ARIA Kentucky on an arms-length basis, at market related rates. Other properties used by ECI which are owned by separate entities owned by the sole member of the Seller will also be acquired by BH Properties in separate transactions.
Bubae
4 days ago
With the full court press promotions since June you would have thought Shawn Leon gave you all more to use than an copy and paste complaint. Looks like Shawn Leon identified an opportunity for himself and the real investors with the acquisition of the property. How nice it is to be both landlord, manager and tenant. Pretty much a guaranteed investment don't you think? Looks like Shawn Leon had no trouble finding investors for that deal. 😆Unlike the deal described in the August 7th press release it looks like Shawn Leon has created yet another potential revenue stream for himself.
Ethema signs binding asset purchase agreement for all of the business assets of Edgewater Recovery Center LLC
News provided by Ethema Health Corporation Oct 22, 2024, 14:43 ET
https://www.prnewswire.com/news-releases/ethema-signs-binding-asset-purchase-agreement-for-all-of-the-business-assets-of-edgewater-recovery-center-llc-302283593.html
Certain of the Real Property associated with the operations of ERC are fully levered and requires credit and personal guarantees which the Company is unable to provide. This Real Property is to be acquired in a separate transaction by a fund controlled by the CEO of the Company, Shawn Leon, a related party, and will be leased to ARIA Kentucky on an arms-length basis, at market related rates.Ethema Receives License for its Boca Raton facility
PR Newswire August 7, 2024
https://finance.yahoo.com/news/ethema-receives-license-boca-raton-144800579.html
With the large amount of real estate involved in the Kentucky locations, and given the Company's various real estate ownership in the past, the Company is now considering setting up a separate Real Estate Fund which would be financed outside of the Company while still allowing the Company to share in the upside of the appreciating value and development potential of the real estate. The real estate would not be carried on the Company balance sheet and no investment would be made by the Company in the real estate. The Company would still manage the real estate and have a 50% interest in the appreciating value of the real estate over and above its acquisition cost.
Bubae
5 days ago
It is telling that after so much promotion that the stock isn't attracting buyers in the volume needed for the regulation "A" offering. Shawn Leon has been talking stock consolidation to support the offering since January and even with that he isn't able to attract any subscribers. Those regulation "A" share would be immediately tradable and are normally acquired at a steep discount to market. The stock isn't selling so no subscribers which means Shawn Leon is back to finding new financing for that debt.
It has always been my view and the history here that this is a debt Ponzi scheme where he continues to find new financing to service the old at and ever increasingly higher expense. His comment in the last press release "...further debt reductions leading up to 2025..." Don't see how that happens in Q4 without a quick split and offering share dump. At what point does he split the stock and just sells it down to get whatever he can. That is what they refer to in previous a press rlease and podcast as "perpetual financing" detailed with links in post# 51330 below.
The last press release admits to the the new cash burn from the Boca deal and you can bet that the Edgewater deal will need new cash. Go to 11:20 in the July 18th podcast linked below and hear Shawn Leon detail the intended use of the offering. $500K for Boca and another $1 million to help with the Edgewater acquisition.
Addiction Recovery Institute of America ("ARIA") receives Full License for Inpatient Detoxification and Residential Level 1 at its Boca Raton facility
NEWS PROVIDED BY Ethema Health Corporation
https://www.prnewswire.com/news-releases/addiction-recovery-institute-of-america-aria-receives-full-license-for-inpatient-detoxification-and-residential-level-1-at-its-boca-raton-facility-302286367.html Mr. Shawn Leon, Company CEO reported,...
...A lot of the operational costs of the addition of the ARIA Boca location such as rent, marketing and staffing are included in our third quarter results without the benefit of the revenue.
This growth combined with further debt reductions leading up to 2025 will fulfill our dual goals of debt reduction and growth established over the last couple of years. Bubae
Re: pual post# 51328
Thursday, October 17, 2024 5:29:21 PM
Post# 51330 of 51370
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175248325
...The heavy promotion in June failed so Shawn Leon is looking to refinance his 2024 debt mess with another property purchase, sale , leaseback scheme per his previous statements...
You know what perpetual financing looks like? Take a look at Mullen Automotive's history. Constant promotion, splits, and share sales. The split adjusted price high for the Mullen Automotive for January 2023 is more than $1 million per share. Today it closed at $2.36 a share. In the article linked below Markpowski states "Under a perpetual financing strategy an issuer or a company remains in a constant capital raising mode." Shawn Leon mentions this strategy in the June 17th press release. The problem is that Mullen Automotive can still sell shares with their story despite the severe fleecing of shareholders and Ethema Health can't even get subscribers for the current regulation "A" offering that was originally filed two years ago because retail traders are taking a pass.
Bubae
6 days ago
We all know to wait for the numbers in the filings and NOT what Shawn Leon claims in a press release before the filing. Earnings from what Shawn Leon reports for the treatment center is quite a different matter than those recorded by Ethema Health because Ethema Health shareholders take on the debt and liabilities. Traders are not trading shares of American Treatment Holdings Inc. (ATHI) the holding company for both the Evernia and Boca Treatment Centers. Those shares are used to secure the ever increasing debt who represent the real stakeholders. We won't see how much more debt Ethema Has taken on for a few more weeks yet. Real numbers for Ethema Health below comparing the first six months of 2024 over 2023. Won't see that in a press release.
Addiction Recovery Institute of America ("ARIA") receives Full License for Inpatient Detoxification and Residential Level 1 at its Boca Raton facility
NEWS PROVIDED BY Ethema Health Corporation Oct 24, 2024, 13:26 ET
https://www.prnewswire.com/news-releases/addiction-recovery-institute-of-america-aria-receives-full-license-for-inpatient-detoxification-and-residential-level-1-at-its-boca-raton-facility-302286367.html
Ethema's third quarter results will be reported in mid-November. Our ARIA subsidiary increased revenues for Q3 2024 by approximately 18% over Q2 2024 and an impressive approximately 30% over Q3 2023.
For the quarterly period ended June 30, 2024
https://www.otcmarkets.com/filing/html?id=17772067&guid=lSL-kKevTC7-B3h
Page 29 - 31
For the six months ended June 30, 2024 and June 30, 2023.
Revenues
Revenues were $2,790,200 and $2,866,005 for the six months ended June 30, 2024 and 2023, respectively, a decrease of $75,805 or 2.6%.
Operating (loss) income
The operating loss was $(506,585) and the operating income was $107,172 for the six months ended June 30, 2024 and 2023, respectively, an increase of $613,757 or 572.7%.
Net loss
Net loss was $(839,478) and $(407,872) for the six months ended June 30, 2024 and 2023, respectively, an increase of $431,606 or 105.8%.
Bubae
6 days ago
Well second press release for the week and this one was a total fail. I think maybe they showed their hand on Tuesday with the suspicious end of day dumping not only taking out the buyers at 8 but also 7. Only 5 trades today and only 3 after the release of this press release, all were sells at 7.
Bubae
Re: JustJack post# 51362
Wednesday, October 23, 2024 4:08:40 AM
Post# 51364 of 51376
Yeah? for who. 😆Look at the trading for yesterday, pic below. The news pushed some new volume buying at $0.0008 but the sellers moved down a tick to $0.0007 at the end of the day to try to take advantage of what buying volume they could because it clearly dried up. Sellers chasing volume down off a press release is usually a sign of dilution for me. Chart page 17 of the Q2 filing shows $127,772 outstanding as of June 30th. Who is dumping their shares into this. Is this the last promo before the split?
Bubae
7 days ago
The company spent a bundle on the June and July promotion and what they found out was that the demand for their stock will not support a regulation "A" offering without a split. Shawn Leon has been talking about a stock consolidation, and up-list attempt to the NYSE since January signaling a very large split. They stated in the May press release that the offering will either be amended or withdrawn by the end of June and still talking about it into August.
They will need to amend the offering and split the stock or they won't get any qualified subscribers to the badly needed offering. The exemption from registration for shares of a reg A offering make them immediately tradable just like the old toxic share conversions. I doubt they split the stock and amend the offering until they have an agreement with an investor for the offering. That won't come until Shawn Leon demonstrates that he can create some very good liquidity to support an offering with his new growth story. The irony has been that as long as new traders shun the stock the less likely they split it. That has worked so far but now Shawn Leon has some big bills from recent expensive short term bridge loans coming due and he will be under pressure to raise funds despite the difficulties.
Ethema Acquires 25% Minority Stake in ARIA Subsidiary
NewMediaWire
Fri, May 17, 2024
https://finance.yahoo.com/news/ethema-acquires-25-minority-stake-134910442.html
Once the Boca Raton location acquisition is complete, the Company will focus on the plan to raise $5,000,000 in equity financing in order to pay off the bridge loans and provide further growth capital. These steps were all presented to potential investors over the last three months. The Company's $5,000,000 Reg A+ offering has not been successful to date and the offering will be withdrawn or amended by the end of June....
...The Company will be seeking an up-listing to a senior exchange in conjunction with the equity raise.
The SEC is widening its war on toxic funders
Published on August 24, 2021
https://www.linkedin.com/pulse/sec-widening-its-war-toxic-funders-steve-taylor/
...it also increasingly utilized qualified Reg A offerings to acquire free-trading stock which they then dumped into the market without disclosure....
...This was a significant concern, as Reg A shares are immediately free-trading. That makes it much more attractive to many investors compared to restricted securities sold under Reg D exemptions, but it also is definitely more attractive to those looking to make a quick buck by breaking the law. This case demonstrates the SEC may not have been looking hard enough at the Reg A market for fraud, as certain financiers and funders have been scalping stock without disclosure in the filings....
...Section 17(b) of the Securities Act of 1933 requires anyone that is paid to promote a stock must disclose the amount of the payment and who paid them. This is probably the most violated SEC regulation, which is not a surprise as it is also the least enforced. Toxic funders routinely pay promoters to pump the stocks in which they are funding. ...
...To make money on their toxic convertible loan, these funders require volume to dump into. Lots of volume, because they have a lot of stock to sell. Thus the need for lots of promoters, most of whom are non-disclosing as telling the public they are getting paid to pump, and who paid them to do it, would scare even the most die-hard penny plunger away....
Bubae
1 week ago
OTC traders have either wised up on this one or there are just fewer penny flippers these days willing to chase press releases without a little due diligence. Shawn Leon was counting on leveraging the properties of this Edgewater acquisition effort to take care of this very expensive short term debt. Part of that bridge loan comes due on November 15th in the form of a $600K note with nasty default terms. Details in post# 50049 linked below. Now understand that Shawn Leon has a very long history of notes going into default and he doesn't mind paying the nasty default terms.
Looks like Shawn Leon will need to turn to that regulation "A" offering now and what he and Mark Markowski refer to as "perpetual financing". Shawn Leon speaks about the regulation "A" offering in all his podcasts this year. Go to 11:20 in the July 18th podcast linked below and hear Shawn Leon detail the intended use of the offering. $500K for Boca and another $1 million to help with the Edgewater acquisition.
Bubae
Re: pual post# 51328
Thursday, October 17, 2024 5:29:21 PM
Post# 51330 of 51370
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175248325
...The heavy promotion in June failed so Shawn Leon is looking to refinance his 2024 debt mess with another property purchase, sale , leaseback scheme per his previous statements...
You know what perpetual financing looks like? Take a look at Mullen Automotive's history. Constant promotion, splits, and share sales. The split adjusted price high for the Mullen Automotive for January 2023 is more than $1 million per share. Today it closed at $2.36 a share. In the article linked below Markpowski states "Under a perpetual financing strategy an issuer or a company remains in a constant capital raising mode." Shawn Leon mentions this strategy in the June 17th press release. The problem is that Mullen Automotive can still sell shares with their story despite the severe fleecing of shareholders and Ethema Health can't even get subscribers for the current regulation "A" offering that was originally filed two years ago because retail traders are taking a pass.
Ethema signs binding asset purchase agreement for all of the business assets of Edgewater Recovery Center LLC
News provided by Ethema Health Corporation
Oct 22, 2024, 14:43 ET
https://www.prnewswire.com/news-releases/ethema-signs-binding-asset-purchase-agreement-for-all-of-the-business-assets-of-edgewater-recovery-center-llc-302283593.html
[color=red]
...has signed a binding Asset Purchase Agreement ("APA") to purchase the business operations and operational assets, excluding any real property of Edgewater Recovery Center, LLC ("ERC") ...
Certain of the Real Property associated with the operations of ERC are fully levered and requires credit and personal guarantees which the Company is unable to provide. This Real Property is to be acquired in a separate transaction by a fund controlled by the CEO of the Company, Shawn Leon, a related party, and will be leased to ARIA Kentucky on an arms-length basis, at market related rates.Bubae
Re: None
Sunday, June 16, 2024 2:43:59 PM
Post# 50049 of 50340
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174608088
...gross proceeds of $600,000, maturing on November 15, 2024...
...default interest at a maximum of 24% per month...
...The Senior Note, upon an event of default, may be converted into shares of ATHI at the rate of 1% of ATHI for each $24,000 of indebtedness, capped at $633,000...Go to 11:20 in the July 18th podcast and hear Shawn Leon detail the intended use of the offering. $500K for Boca and another $1 million to help this new Kentucky situation.
Bubae
1 week ago
You Chose Paul. I see a Chief Executive Officer, Chief Financial Officer, President, and Director of Ethema Health Corporation (Shawn Leon) who increasingly cares little about what common shareholders think. You have to be pretty bold after years of shareholder losses here to take the Addiction Recovery Institute of America ("ARIA") subsidiary for your own, paying $0, and then continue to develop the brand at their expense. He even refers to it as a brand in the latest press release. I can post a series of items like this to support you "crooked imbecile" inference. The September 1st post below fleshes out the subject with links to the information.
Ethema signs binding asset purchase agreement for all of the business assets of Edgewater Recovery Center LLC
NEWS PROVIDED BY Ethema Health Corporation Oct 22, 2024, 14:43 ET
https://www.prnewswire.com/news-releases/ethema-signs-binding-asset-purchase-agreement-for-all-of-the-business-assets-of-edgewater-recovery-center-llc-302283593.html
The existing interim management of ERC will be continued by ARIA Kentucky and all operations will be conducted under the Addiction Recovery Institute of America ("ARIA") Brand.Bubae
Re: pual post# 51151
Sunday, September 01, 2024 1:08:39 PM
Post# 51153 of 51368
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175019522
...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. 🙄
Bubae
1 week ago
Yeah? for who. 😆Look at the trading for yesterday, pic below. The news pushed some new volume buying at $0.0008 but the sellers moved down a tick to $0.0007 at the end of the day to try to take advantage of what buying volume they could because it clearly dried up. Sellers chasing volume down off a press release is usually a sign of dilution for me. Chart page 17 of the Q2 filing shows $127,772 outstanding as of June 30th. Who is dumping their shares into this. Is this the last promo before the split?Too bad, so SAD.For the quarterly period ended June 30, 2024
https://www.sec.gov/ix?doc=/Archives/edgar/data/0000792935/000190359624000535/grst_10q.htm
Page 18
10. Short-term Convertible Notes (continued)
Joshua Bauman
On August 9, 2023, the Company issued a convertible promissory note to Bauman, in the aggregate principal amount of $150,000. The note bears interest at 10.0% per annum and matures on August 9, 2024. The note is convertible into shares of common stock at a conversion price at the option of the holder at $0.001 per share, adjusted for anti-dilution provisions. The note is convertible into common stock at the option of the holder after the expiration of six months from the issuance date, in addition, should the note reach its maturity date, August 9, 2024, the note will automatically convert into shares of common stock at the conversion price, subject to anti-dilution provisions.
Bubae
1 week ago
Looks like Shawn Leon's plans to use the property to raise capital with more leaseback refinancing fell through. more self dealing by Shawn Leon with this property side deal that he will be controlling. Lets face it, if Ethema Health manages the properties Shawn Leon will also control the leases. Did you guys get snookered again? Time to exercise his voting control to split this thing and sell as much of the offering as he can. Go to 11:20 into the podcast linked below where Shawn Leon starts talking about the use of proceeds from the offering. We see $500K to support the operations at Boca and another $1 million to support the operations in Kentucky. We all know the history here is that the press releases are always betrayed by the filings. We should see an 8K on this and there is a reason why the filing comes later than the press release. Get ready for the perpetual financing scheme. 😆
Ethema signs binding asset purchase agreement for all of the business assets of Edgewater Recovery Center LLC
News provided by Ethema Health Corporation
Oct 22, 2024, 14:43 ET
https://www.prnewswire.com/news-releases/ethema-signs-binding-asset-purchase-agreement-for-all-of-the-business-assets-of-edgewater-recovery-center-llc-302283593.html
Certain of the Real Property associated with the operations of ERC are fully levered and requires credit and personal guarantees which the Company is unable to provide. This Real Property is to be acquired in a separate transaction by a fund controlled by the CEO of the Company, Shawn Leon, a related party, and will be leased to ARIA Kentucky on an arms-length basis, at market related rates.
Ethema signs LOI to purchase Edgewater Recovery Center LLC
News provided by Ethema Health Corporation Jul 12, 2024, 17:19 ET
https://www.prnewswire.com/news-releases/ethema-signs-loi-to-purchase-edgewater-recovery-center-llc-302196144.html
The real estate as part of the assets being purchased will allow Ethema to pursue a sale-leaseback transaction similar to the one completed in August 2024 on its West Palm Beach property. This strategy could generate healthy working capital for the Company without raising new equity. This strategy will not be deployed initially as there is sufficient financing available to the Company to complete the purchase.Ethema Receives License for its Boca Raton facility
News provided by Ethema Health Corporation Aug 07, 2024, 10:48 ET
https://www.prnewswire.com/news-releases/ethema-receives-license-for-its-boca-raton-facility-302216798.html
With the large amount of real estate involved in the Kentucky locations, and given the Company's various real estate ownership in the past, the Company is now considering setting up a separate Real Estate Fund which would be financed outside of the Company while still allowing the Company to share in the upside of the appreciating value and development potential of the real estate...
Bubae
1 week ago
Sure is nice to be in control and do as you like. The Leon's wrote themselves the two regulation "D" offerings for four billion shares priced at $0.0005 to convert some of their debt owed to them by Ethema on the same day that they issued the letter of intent for Edgewater recovery. Except below should read August 2023 with regard to last years leaseback deal which crushed their Q1 2024 earning with the additional cash burn. Then on July 18th we see another podcast promoting the stock. Then there is another Mark Markowski and Shawn Leon comedy show on August 6th complaining that the price should be much higher. Think maybe the Leons thought they could not only gain more than 53% ownership and voting control but also secure their buy price through an eventual split to support that qualified regulation "A" offering? 😆
July 12th Edgewater Recovery letter of intent 8K with exhibit 10.2 the Leons debt conversion via regulation "D" offering.
https://www.sec.gov/ix?doc=/Archives/edgar/data/0000792935/000190359624000411/grst_8k.htm
EX-10.2 3 ex10_2.htm SECURITIES PURCHASE AGREEMENT
https://www.sec.gov/Archives/edgar/data/792935/000190359624000411/ex10_2.htm
Ethema signs LOI to purchase Edgewater Recovery Center LLC
NEWS PROVIDED BY Ethema Health Corporation
Jul 12, 2024, 17:19 ET
https://www.prnewswire.com/news-releases/ethema-signs-loi-to-purchase-edgewater-recovery-center-llc-302196144.html
The real estate as part of the assets being purchased will allow Ethema to pursue a sale-leaseback transaction similar to the one completed in August 2024 on its West Palm Beach property. This strategy could generate healthy working capital for the Company without raising new equity. This strategy will not be deployed initially as there is sufficient financing available to the Company to complete the purchase.Bubae
Re: None
Thursday, July 18, 2024 8:20:54 PM
Post# 50636 of 51357
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174776225
New podcast that everyone who is interested in this should pay attention to. Right out of the gate the presenter introduces Ethema Health as trading on the OTCQB market. Ethema Health (GRST) does not have a QB tier listing so that is absolutely false. About 1:30 into the podcast Shawn Leon says we're cash flow positive. Now maybe the Evernia treatment center held by American Treatment Holdings, Inc (AHTI) is cash positive but that is because Ethema Health (GRST) takes on all the debt and liabilities leaving the treatment center and its stakeholders clean. Q1 YOY year number for Ethema Health are below and they are not cash flow positive.
Bubae
1 week ago
Might want to recheck your facts that you provide no links to Janet. The Leon's wrote themselves a couple of regulation "D" offerings in July giving themselves more than 53% ownership and certainly voting control. The source of Shawn Leon's converted debt is an issue I have addressed in previous posts. The July 8K shows that the Leons converted $2 million in debt owed them by the company into $4 billion shares of the common with a conversion price of $0.0005.
Go to about 22:15 into the January podcast where Shawn Leon uses the Q3 2023 numbers to complain that the current trading price of $0.0003 was ridiculous. The argument he is making while using the Q3 income statement is bogus since he himself pointed out the gain on disposal figure for the crazy property purchase sale, leaseback deal was included. None the less he says $0.0003 was ridiculous. Was the exemption to the Leonite renegotiated warrant in July for debt conversions for the Leons at $0.0005 not ridiculous? They knew a year in advance that they would pay $0.0005 for their shares yet pitch to new traders that the stock is way under valued.
Go to 2:50 inot the February podcast linked below where Shawn Leon is pitching the price of the regulation "A" offering with a price at $0.0012 sugeesting taht the current trading price is way unde3rvalued. He even claimed in this segment that he has investors investing at that level. This comment would appear to be false and I cover that in Post# 50229. One purchase of reg "A" shares at $0.0012 of $2500 dated April 6th 2024 according to the Q1 filing. But again teh stock is way undervalued right. The Leons purchase price $0.0005.
Eileene Greens, Shawn Leon's spouse, four purchases in June totaling 46,430,000 shares would be an average price of $0.00043. The real value there was the misstated form four that showed a price of $0.04 triggering several articles in the morning claiming that she bough millions in stock pushing the price to $0.0007 for the first time in more than two years. So Shawn Leon can harp about the stock valuation on all his podcasts for 2024 but the fact is that he won't pay much for it either.
Eileene Greene's Purchases in June
36,430,000 @ .0004 = $14,572
10,000,000 @ .0006 = $6,000
CEO10% Owner 3,000,000,000$ 0.0005 $1,500,000 3,063,187,300Bubae
Re: sylvia07 post# 51307
Monday, October 14, 2024 10:48:34 AM
Post# 51308 of 51324
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175225972
Lets break down what you call Shawn Leon' "good money" Looks like the Leons needed to acquire more than 50% of Ethema Health for voting control because they need to make some moves here to protect what they call "friendly debt" held by themselves and these series "N" and now "R" note holders. So Shawn Leon takes the debt owed to him and Leon Developments by the company and writes himself a Regulation "D" offering for $1.5 million. Where did this debt owed to Shawn Leon come from?...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: None
Saturday, June 29, 2024 4:27:44 PM
Post# 50229 of 51347
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174680412&txt2find=investing%2Blevel
So this podcast was conducted on February 8th according to the press release. At about 2:50 into the segment he starts to talk about the regulation "A" offering and states the offering price of $0.0012 is well above the current trading price and that he has investors investing at that level. So that was February 8th and the only reference in the filing to any subscription to the offering is on April 6th according to the Q1 2024 filing. Now when you read over the Regulation "A" prospectus you will find that the offering is only available to qualified buyers who are high net worth individuals. That offering subscription of April 6th is for only $2500. Second point to make that no shares have actually been issued. The share count hasn't changed since March 2022.
Shawn Leon January 10th Podcast
Shawn Leon February 8th Podcast
janetcanada
1 week ago
👀***GRST - MR. Shawn Leon Must Be Confident in What He is Doing.... "This Substantial BUY IMPLY " that he is Serious and Committed!.....
👀***CEO10% Owner 3,000,000,000$ 0.0005 $1,500,000 3,063,187,300
***Purchase: 2024-07-12*** Reported Date...Purchase 2024-07-29 1:40 pm
👀***Insider Trading Screener - Add Symbol....
SecForm4.Com
https://www.secform4.com/insider-trading/1605331.htm
👀 *** MR. Shawn Leon did also buy shares at 0.079
*****LINK*****https://www.secform4.com/filings/792935/0001721868-18-000742.htm
👀***Drug Rehab West Palm Beach, FL | ARIAhttps://www.ariafl.com
👀***We will continue to focus on growth while improving our balance sheet.
👀***The Company Growth is Real and the elimination of variable rate debt is real.
👀***Please Read Post #42737 & 42751 - Interesting Reply from The CEO!
👀.https://nz.finance.yahoo.com ›
👀***OTC Markets
***https://www.otcmarkets.com
Bubae
1 week ago
To follow-up with the cash paid into the Evernia treatment center. Can't forget about the five year options that begin to expire in July 2025. These options secured the original loans for the Evernia start-up in 2020. What will those deals be worth now that Ethema agreed to pay out $1.1 million to Lawrence Hawkins for his remaining 25% of ATHI. The May 2024 Boca acquisition agreement lists the buyer as the Evernia Treatment Center which is wholly owned by American Treatment Holdings, Inc. (ATHI). So these options holders are doing pretty well as ATHI takes on more assets don't you think? Probably why Ethema also bought out Lawrence Hawkins 25% despite the timing wasn't exactly convenient give Ethema's cash flow issues.
Bubae
Re: None
Saturday, May 18, 2024 7:06:43 PM
Post# 49898 of 51344
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174446888
We need to go back to the Q3 2021 filing to see the percentages assigned to the options because by Q1 2022 they dropped the percentages. The $655,000 listed by Leonite becomes $396,000 by Q1 2022. So part of my question of how Ethema was able to put up all the assets of both Ethema and ATHI to secure the new $1 million in revolving credit line was answered by the buy out of Lawrence Hawkins 25%. Now what about the options that secures debt. These holders are entitled to 50% ownership of the original option after the debt is paid.
Bubae
Re: pual post# 51216
Tuesday, September 10, 2024 6:48:05 AM
Post# 51219 of 51344
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175058448&txt2find=buyer%2BBoca
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.Bill of sale for the Boca Raton operations
https://www.sec.gov/ix?doc=/Archives/edgar/data/0000792935/000190359624000411/grst_8k.htm
janetcanada
1 week ago
👀***5 Successful Companies That Didn't Make a Dollar for 5 Years-
***https://www.inc.com/drew-hendricks/5-successful-companies-that-didn-8217-t-make-a-dollar-for-5-years.html
👀***Some other point of view!.....
1️⃣*** Failure is a major part of entrepreneurial success. Its value is the gift of learning that empowers you to never stop pursuing your dreams. Just look around: the world is full inspiring stories. Today, entrepreneurship is all around us and is much needed in the corporate world as well for social welfare>>.
2️⃣***The fact is, while there are an infinite number of ways that successful entrepreneurs make their money, there's only one thing they all have in common: failure. There's no shortage of examples of great successes who had to struggle before they became the winners we now know them as.Jan. 15, 2018
3️⃣***Entrepreneurs Face Failure But the Successful Ones Didn't Quit!!!....
4️⃣***TENACITY!!!.. This is where you put the work in. Tenacity is a key characteristic of any successful person, and basically the entire mindset of successful entrepreneurs. Included above all in the tenacious mindset is determination and work ethic.
👀*** NEVER DISREGARD THE IMPONDERABLE!.....
Bubae
1 week ago
You also must not believe what we find in the company's print. I make this information available along with the links to the information for those conducting their own due diligence. You all piss and moan about my posts but the stock price has gone from a low of $0.0002 in January of this year to $0.001 in August off of what is very unusual promotion by Shawn Leon. I told you longs that the rise in price off of expensive promotion was a gift but apparently you all are so under water that you failed to act. There is that and the fact that the walk-up was done on relatively low volume.
The message from the past several months to potential investors of the offering and traders is that Ethema Health stock is dead. I believe even with a split which is why you still haven't seen it despite Shawn Leon talking about it since January. Another problem with you apparent angst over my posts is that there is unlikely many who even stop to look at this board on a daily basis.
Bubae
Re: pual post# 50411
Saturday, July 06, 2024 6:44:48 PM
Post# 50417 of 51341
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174713099
Lets go to the filings and look at professional fee expenditures. Q1 2023 professional fees increased by 124% over Q1 2022 but it made sense with the crazy purchase, sale, leaseback and the transfer of the Canadian property to Leonite for debt. That level of cash burn continued through Q3 2023 for the same reasons. In Q3 they had fees associated with the regulation "A" offering. A little math reveals that they had a jump in fees to $246,640 for Q4. Now Q1 2024 we see an even higher professional fees expenditure over the 2023 increase with the primary stated reason being "...due to additional fees incurred on regulation A fund raising during the current period...." I'm expecting an amended regulation "A" offering and a reverse split to support it no matter what the CEO has been saying. You don't spend that kind if money to withdraw it. They have gone as far as they can with the manipulated walk-up in my opinion and need cash as soon as possible.
Level up your trading with our powerful tools and real-time insights all in one place.
Ask ADVFN Intelligence (AI)
JustJack
1 week ago
Hot Features
Premium
