Bubae
10 hours ago
The last time they filed the 10K late was in 2020 and didn't release it until July 10th 2020. What happened that year was the closing of their second failed treatment center. They dumped 1.3 billion shares in the first eight weeks of 2020. Look what they said about the Canadian property in January 2020 while they were closing their only treatment center. That property was their best performing asset and they handed it over to Leonite for Debt in 2023. That was the second property that Leonite acquired for debt from Ethema Health. Has Shawn Leon's Ethema Health finally hit the end of the road?
Ethema Working on Acquisition Financing and Debt Reduction for 1st Quarter
January 16, 2020 15:31 ET
https://www.globenewswire.com/en/news-release/2020/01/16/1971711/0/en/Ethema-Working-on-Acquisition-Financing-and-Debt-Reduction-for-1st-Quarter.html
The termination of the operation in West Palm Beach will dramatically reduce the negative cash flow of the Company and allow it to focus on cleaning up the debt on the balance sheet as it works towards completing the acquisition. As part of these efforts to reduce debt, the Company is in talks with certain lenders and shareholders of the Company, around the possible sale of the Canadian subsidiary that owns the real estate of the Company’s former operations in Canada. This could help reduce the majority of the debt in one step.
For the fiscal year ended: December 31, 2019
https://www.sec.gov/Archives/edgar/data/792935/000172186820000304/f2sgrst10k070620.htm
Net loss
Net loss of $(14,962,841) and $(8,178,643) for the years ended December 31, 2019 and 2018, respectively, an increase of $6,784,198 or 83.0%, is primarily due to the increase in operating expenses in the current year, the loss on the sale of assets, the loss on debt conversions, the penalty on convertible notes and the deposit forfeited, offset by the increased credit on the derivative liability movement during the current year.
On December 20, 2019, the Company entered into an agreement to terminate the lease agreement on January 30, 2020. The deposit forfeited was $1,665,078 for the year ended December 31, 2019. The deposit forfeited represents deposits initially paid for the acquisition of the West Palm Beach treatment facility located at 5400, 5402 and 5410 East Avenue West Palm Beach. We were unable to consummate the purchase transaction and entered into a lease agreement with the landlord, the deposit initially paid was offset against outstanding rental. The excess was recorded as a forfeiture.
For the quarterly period ended March 31, 2020
https://www.sec.gov/Archives/edgar/data/792935/000172186820000426/f2sgrst10q092120.htm
12. Stockholders' deficit
a) Common shares
Between January 6, 2020 and February 27, 2020, the Company issued 1,316,679,078 shares of common stock in terms of conversion notices received from convertible note holders. The shares issued were issued below par based on the market price of the stock on the date of conversion and were valued at $531,005.
Bubae
1 week ago
Wow, only six million shares on the bid at $0.0003. Looks like Shawn Leon's game of wait and borrow has run its course. That regulation "A" offering is a year and a half old now and I doubt the split will serve them up much at this point. Most are on to their game. Normally people would be buying for the latest press release declaring the best year for the company EVER! While it fails to attract much interest at $0.0003. 🤣 No annual? Are they finally BK?
A sample of Shawn Leon's press releases below. Q2 2023 was "...ARIA’s highest quarterly profit to date..." yet while the revenue number increased by 37.7% the bottom line operating income decreased by 37.9 percent YOY. That operating income for the quarter was only $32K which is but a pittance for this very expensive business model. Is Shawn Leon's fictional tale of success for years finally been laid bare? Where is that annual?
Ethema Executes Two Real Estate Transactions and Major Debt Repayment
July 17, 2023 09:34 ET
https://www.globenewswire.com/en/news-release/2023/07/17/2705721/0/en/Ethema-Executes-Two-Real-Estate-Transactions-and-Major-Debt-Repayment.html
The Company further reports that its ARIA subsidiary’s extremely strong results in April and May continued in June and overall revenue for the ARIA subsidiary will be approximately $1,450,000 for the quarter, which will result in ARIA’s highest quarterly profit to date. The second quarter results will be released before August 14, 2023.
For the quarterly period ended June 30, 2023
https://www.otcmarkets.com/filing/html?id=16878947&guid=kvN-kHadOtVaJth
Revenues
Revenues were $1,565,959 and $1,138,032 for the three months ended June 30, 2023 and 2022, respectively, an increase of $427,927 or 37.6%.
Operating Expenses
Operating expenses were $1,533,813 and $1,086,270 for the three months ended June 30, 2023 and 2022, respectively, an increase of $447,543 or 41.2%.
Operating income
Operating income was $32,146 and $51,762 for the three months ended June 30, 2023 and 2022, respectively, a decrease of $19,616 or 37.9%.
pual
3 weeks ago
I did look at our recent financials and found the following:
- Inventories in 2023 are $ 7,258, 000 vs $ 5,910,000 in 2022 = an increase of 22,8%
- Inventories make 48% of total current assets in 2023 or double what it was in 2022 (23,8%)
- Auditors comments: ‘’We considered this a key audit matter due to the magnitude of the inventories balance and the large number of inventory locations.’’
What did our CEO do in 2023?
- She kept adding shelves (locations all over the world)
- Advertising $ 4,378,000 was cut by 26,5% relative to 2022 ($ 5,955,000)
- In her PR/NR covering the 2023 financials, she proudly write: ‘’Operating expenses decreased 23% ($16.8 to $21.8 million). ... 31,5% of that decrease was in advertising.
If that does'nt support my argument that she has no clue how to manage the company, I do not know what is needed. She should hire a CEO experienced in developping a mass marketing company and make herself responsible for R&D and product development.
Unfortunately I do not believe her ego can support such a required reorganisation.
She is proud to see her gross revenue grow 10% but doesn'f understand that to succeed she need to grow the gross revenues by 3 to 4 time that number (at least) annually. The only way to do that is to make our targetted market aware of what we offer. That can only be acieved by focussing and investing in marketing/advertizing. She obviously doesn't understand that.
Bubae
3 weeks ago
Red flag for any OTC ticker is a pending regulation "A" offering. Most split the stock then go with the offering. Not Shawn Leon, he files for the offering looooong before he can do anything with it. This has gone on so long that I am beginning to think that he may not be able to get it sold. He will need more than a reverse split, he needs a sellable narrative to move those shares after the split. No, this is much higher than the typical risk profile for an OTC ticker in my opinion. Looks like I'm not alone, what happened to the huge bid at 4? now only 15 million on the bid at 3 before the typical quarterly pump? Companies with a good risk profile aren't trading at $0.0003.
Bubae
Re: None
Friday, March 22, 2024 12:11:33 AM
Post# 49782 of 49812
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174089476
It takes FOREVER for Shawn Leon to do anything once he announces it but time must be running out because he has packed the debt right back on after the refinance fiasco. How bad it is should come with the annual which should be release in the next couple of weeks. My scenario for what he is going to eventually do in post# 49524. I believe that this will be trading at $0.0001 when he finally announced the plan and after the reverse split but it won't be the bottom because this will get hammered post split by the regulation "A" offering whos shares will be immediately tradable.
Bubae
3 weeks ago
Those new to this stock are not aware of what those who run this are capable of. We shall see how it unfolds but the screws are tightening. The new credit line is secured by all assets of ATHI the holding company for the shares of the treatment center. What does this mean in terms of the notes secured by such shares and Larry Hawkins 25% ownership? One thing is for certain, Shawn Leon will no doubt be popping the quarterly cork of champagne and celebration is a press release I will read the filing and reveal the deception. Another rinse and repeat quarter. Flip them if you can.
Bubae
Re: pual post# 49741
Tuesday, February 27, 2024 8:00:14 PM
Post# 49745 of 49807
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173935562
See that 8K announcing the revolving credit line of $1 million. Under pledge and security agreement, exhibit "A" labeled "collateral" they appear to be committing all assets including that of American Treatment Holdings, Inc (ATHI) which is the holding company for the shares of the Evernia treatment center. Now will they be paying off the lenders who have debt secured by options against the direct shares of ATHI?Bubae
Re: None
Sunday, September 03, 2023 7:11:40 PM
Post# 48748 of 49807
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172748883
Then there are the secured notes taken out to fund this scheme in the form of options for direct shares of ATHI, the holding company of the treatment center. Nearly all of the original 51% Ethema Health (GRST) purchased in the treatment center is secured by these options.
Bubae
3 weeks ago
Wow, less than 16 million on the bid at 3 these days? What happened to the many tens of million on the bid at 4? Shawn always drops a press release for filings just full of rainbows and unicorns for the potential flip. Hmmm, this time may be different right? What about that regulation "A" offering. They have some notes that are mature again. As I said in February, price is no barrier for conversions if they can conjure up the volume. 1.3 billion new shares dumped over eight weeks in 2020 was impressive.
Bubae
Re: None
Wednesday, February 21, 2024 8:51:34 AM
Post# 49719 of 49805
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173889462&txt2find=1.3%2Bbillion
Price is no barrier when it comes to dilution for this company as long as they have volume. We now see a promotion risk flag for this ticker on the OTC site so buyer beware of what they may do before the split. Example of what they are capable of. They dumped 1.3 BILLION shares over the course of 8 weeks in 2020 with an average conversion price as low as 0.00006 per share.Bubae
Re: pual post# 48971
Monday, October 09, 2023 3:05:46 PM
Post# 48977 of 49805
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172988249
It is not so hard to believe. Shawn Leon knows where to go when he need to dump some shares. They sent out a tweet to their loyal Twitter followers on February 27th 2022. The Ethema Health (GRST) loyalists showed up the next morning to the tune of 200 million shares traded in the first 30 minuets, 400 million for the day, running it up over .001 where Leonite hammered it with 150 million freshly minted shares. Shareholders donated $150K in a single trading session so why not keep in touch.
Bubae
3 weeks ago
It is time to get back into this because it should get interesting soon. Starting to review my old posts that we know is chocked full of actual due diligence on this ticker. 😆 The $150K Bauman note became eligible in February with the ...subject to anti-dilution provisions of course. We have another note that matured March 15 for a principal amount of $250,000. Interesting, I guess share holders no longer are allowed to see the details for these two notes? I see no such filing. No details at all concerning the nature of the $250K note.
Bubae
Re: None
Sunday, November 26, 2023 5:35:15 AM
Post# 49291 of 49803
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173295585
Even after acquiring the cash from the crazy lease finance deal to pay a bit more than $2 million on the defaulted debt they still borrowed an additional $720K in Q3 and up to November 15th. They boasted about retiring the convertible notes in the July 17th press release and then turn right around and write a new one for $150K on August 9th.
For the quarterly period ended September 30, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0000792935/000190359623000912/grst_10q.htm
8. 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.
9. Subsequent events
On November 15, 2023, the Company, entered into a senior secured Promissory Note in the aggregate principal amount of $250,000 for net proceeds of $223,500 after an original issue discount and fees of $26,500. The note earns interest at 10% per annum and matures on March 15, 2024.
Bubae
3 weeks ago
What I said, as expected. Is that all you got from that post? I can tell you what to expect next week. It will be the same press release as always great revenue and they paid off more debt. Now, as usual another paid off debt boast comes after they borrowed even more to retire maturing debt. The revenue number for this very expensive business model will once again reveal very little profit. The Q2 2023 press release below boasting "...ARIA’s highest quarterly profit to date...". But wait, operating income was down 38% YOY. The Q3 numbers were full of the crazy property purchase, sale, leaseback deal and I don't expect to see clean numbers again until the Q1 filing. We will then see how bad the cash burn has become. Until then keep a watch for that reverse split. 😆
Ethema Executes Two Real Estate Transactions and Major Debt Repayment
July 17, 2023 09:34 ET
https://www.globenewswire.com/en/news-release/2023/07/17/2705721/0/en/Ethema-Executes-Two-Real-Estate-Transactions-and-Major-Debt-Repayment.html
The Company further reports that its ARIA subsidiary’s extremely strong results in April and May continued in June and overall revenue for the ARIA subsidiary will be approximately $1,450,000 for the quarter, which will result in ARIA’s highest quarterly profit to date. The second quarter results will be released before August 14, 2023.
For the quarterly period ended June 30, 2023
https://www.otcmarkets.com/filing/html?id=16878947&guid=kvN-kHadOtVaJth
Revenues
Revenues were $1,565,959 and $1,138,032 for the three months ended June 30, 2023 and 2022, respectively, an increase of $427,927 or 37.6%.
Operating Expenses
Operating expenses were $1,533,813 and $1,086,270 for the three months ended June 30, 2023 and 2022, respectively, an increase of $447,543 or 41.2%.
Operating income
Operating income was $32,146 and $51,762 for the three months ended June 30, 2023 and 2022, respectively, a decrease of $19,616 or 37.9%.
pual
4 weeks ago
If Leon gets $5,000,000 out of that, depending of what he does with it (reduce debt, expand production of services, ...) our balance sheet would look better (lower debt) OR our business expansion potencial would probably seriously increase our current MULTIPLIER curently at about 0,25. On the basis of $5,500,000 and a healthier finacial situation and business potencial could our multiplier increase to 3 (making our pps at 0,0012 vs the current 0,0004 0ne) ?
Getting funds to decrease the debt and create a greater revenu is what Leon needs. My view is that Leon may succeed at doing it (50%0 ... or not (50%).
pual
4 weeks ago
What kind of BS is that?
- an invitation at Thursday, March 28, 2024 9:03:22 AM for a webinar scheduled an hour later (Did I miss something?)
Topics will be:
- Company's mission and values
- Ethema is moving beyond the market noise to capture big returns in this underserved and underdeveloped sector.
- Our long-term capital appreciation growth strategy focuses on increased revenue per square foot at each facility in our portfolio
- Rising net collections month over month driven by our rollup strategy and technology advancements in billing and collections.
- Rising net collections month over month driven by our rollup strategy and technology advancements in billing and collections.
- Careful selection of choice property acquisitions with upside core asset values
Seriously, can anyone imagine a less than that content, for a company requiring CAPITAL and SERIOUS BUSINESS GROWTH
Fortunately we are in a business/market offering huge opportunities (market size to hit US$ 132.4 billion by 2027 with a growing CAGR of 5.3% since 2021).
At least for the last 3 years we seem to only have built a serious base to grow from. Quite an achievement considering where we restarted from.
This being said, Time has now come to do more than ''increased revenue per square foot''. We need serious investor(s) to:
- increase our revenues production space
- reduce our debt.
Being a '' team that is saving lives through addiction treatment.'' is nice but that team better start increasing of its impact by acquiring major capital rapidly. That MUST BE OUR STRATEGY now that we have a proven base to grow from. Any other objective would only let us survive for God only knows how long.
janetcanada
4 weeks ago
GRST - Be a part of a team that is saving lives through addiction treatment.
Date: Thursday, March 28, 2024
Time: 10:00 AM PT/1:00 PM ET
Discover an investment opportunity with Ethema by joining our highly anticipated webinar. Led by CEO Shawn Leon and our experienced team, we believe Ethema is poised to transform the behavioral healthcare space.
During this exclusive event, we will share our roll-up strategy and long-term growth plans, as well as go deeper into the company’s mission and values.
Untitled design (6)
Sign up below to attend this FREE webinar on March 28, 2024 at 10:00 AM PT/1:00 PM ET. Do it now as these spots will fill up fast!
Thank you for signing up for our webinar!
You’ll receive an email to confirm your attendance.
Untitled design (6)
Ethema is operating a recession-proof business existing outside of economic uncertainty2. Even in times of economic recession, depression, mental illness and substance use disorders persist and can even exacerbate. Ethema is moving beyond the market noise to capture big returns in this underserved and underdeveloped sector.
image 5
Growth Strategy
Our long-term capital appreciation growth strategy focuses on increased revenue per square foot at each facility in our portfolio (efficiency ratio).
image 3
Rollup Strategy
Rising net collections month over month driven by our rollup strategy and technology advancements in billing and collections.
image 4
Core Asset Values
Careful selection of choice property acquisitions with upside core asset values.
Sources:
https://www.biospace.com/article/u-s-behavioral-health-market-size-report-2021-to-2030/
https://www.sciencedaily.com/releases/2019/09/190903120522.htm#:~:text=%22Individuals%20who%20experienced%20even%20a,the%20recession%2C%22%20Forbes%20explains
Disclaimer:
Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.
declaes
4 days ago
GRSTMILL
2 weeks ago
Hot Features
Premium
