Bubae
17 minutos hace
Yeah, what did he say hot shot? 🙄 Shawn Leon argued that the stock was way under priced in all five podcasts since January yet he and the wouldn't convert the dubious debt owed to them for anything more than the $0.0005. Looking at the cash burn for Q3 how much longer can Shawn Leon wait. He has been talking about the split and offering since January. Right now that split would be a minimum of 6000:1 considering what Shawn Leon has claimed to be a minimum up-list price of $3.00. But so called growth and up-list are just cover for the million that he claims they will raise from the regulation "A" offering. I contacted Mr Leon yesterday. Those 0.0005s today are a gift imo 🧐
Bubae
Re: pual post# 51392
Wednesday, October 30, 2024 7:01:11 PM
Post# 51394 of 51475
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175311465&txt2find=exemption
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?
declaes
1 día hace
A very large position?
116,000,000 shares... not that much if you ask me. 😄
You think I will post the facts over and over again here, like you post your misleading info over and over and over and over and over again
O yeah, I gave up. From time to time I come here just to see you are still here wasting your time. And every time I notice what a broke, loser and idiot you are. The facts we can see in the fillings, we don't need your BS to make our own decisions.
You see, I post facts... 🤡
pual
2 días hace
The fun part in your objective (???) reviews of what GRST is all about is that, for almost 3 years you forecasted a soon to come end of a plot handle by a crooked CEO. Notwithstanding the thousand+ analysises you posted, the company still operates and reports normally.
Only a dumb a blind shareholder would pretend to know what really lies ahead. This being said, current shareholders must understand the risk of that (BET) investment. Each of them can sell his shares and freeze his loss or stay and wait, considering the residual risk to be negligeable and the high risk potencial gain to be significant.
In that context, enjoying our board postings is fun and, taking it as a serious source of information is dumb.
Let's have fun and enjoy the ride till the final outcome happens.
NOTE:
For those less familiar with this board and GRST
That the current financial situation of the company looks bad is a fact anyone (not even competent) can figure out by himself.
That Leon operates a business is a fact demonstrated by the fillings anyone can read.
Why in the world do you keep making a fool of yourself, continuously posting long ridiculous repetitive texts saying that current financials of GRST are very bad (also suggesting that Leon is a stupid crook)?
We all know what our risk is (50-50) as shareholders (notwithstanding you almost 3 years suggestion that the game is over). THIS IS MY WAY OF PROMOTING THE STOCK as you keep suggesting (LMHO)
I shall stop trying altruistically to help those poor strangers, stupid enough to bet their rent money, on a fortune-making OTC sub-sub-sub penny stock (LOL).
I therefore copy the current message and will ‘’copy-paste’’ it whenever I want to EFFICIENTLY document your behavior.
Bubae
2 días hace
Looks like there is a reason why Ethema Health was able to acquire the Kentucky treatment centers for essentially nothing. Aside from the fact that the previous owners of the Edgewater Recovery was hit with a $2.2 million settlement over false laboratory claims I found a couple of articles dated in the past month suggesting that the addiction recovery industry in Kentucky is under pressure by industry-wide reimbursement cuts for Medicaid. Citing the Edgewater letter of intent press release of July 12th "The Kentucky operation primarily provides care to Medicaid insured clients." Beginning to see the need for the reverse split and the regulation "A" offering that is pending?
Addiction Recovery Care closes 9 facilities since FBI probe
By JANE REID KLEYN EDITOR@THESPRINGFIELDSUN.COM Oct 30, 2024
https://www.pmg-ky2.com/springfield/news/addiction-recovery-care-closes-9-facilities-since-fbi-probe/article_acc5f69b-69d5-5625-b419-a04ca451a820.html
Kyle Collier, ARC’s spokesperson, attributed the closures to “the impending and substantial industry-wide reimbursements cuts for addiction and mental health services” which forced ARC to make difficult decisions regarding locations and staff. ARC says addiction treatment and mental health providers statewide will be affected by the impending industry-wide reimbursement cuts.Addiction recovery company under FBI investigation reducing staff, blames reimbursement cuts
Deborah Yetter Kentucky Lantern Sentinel Echo October 27, 2024
https://insurancenewsnet.com/oarticle/addiction-recovery-company-under-fbi-investigation-reducing-staff-blames-reimbursement-cuts
Kentucky's largest provider of drug and alcohol treatment is cutting staff and restructuring some services, citing significant cuts in Medicaid reimbursement from the government health plan that covers almost all of its clients.
"These difficult decisions are a direct result of impending and significant reimbursement cuts for many addiction and mental health service providers in Kentucky," it said.
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
ERC operates primarily in the urban areas of Morehead in the east end of Kentucky and Paducah in the west end of Kentucky. Altogether, ERC has about 440 licensed beds across all of its locations and has another 66 beds available to come on-line in Paducah in Calendar 2024.
The Kentucky operation primarily provides care to Medicaid insured clients. This will help the Company add this dimension to its in-network insurance strategy.
Mr. Shawn Leon, Company CEO reported, "to say that this opportunity is massive, is an understatement.
We are honored to have been chosen as the buyer to take over this much sought after opportunity and look forward to becoming the provider of choice in the state of Kentucky." Mr. Leon added,
Bubae
Re: None
Monday, November 04, 2024 12:23:45 PM
Post# 51399 of 51453
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175330189&txt2find=elam
Reading over the last 8K has me asking what did Shawn Leon really acquire to buy on Ethema Health's behalf other than liabilities and how does he intend to fund the new operations. The purchase price in last weeks 8K was reported to be $250K and the assumption of liabilities. The July 8K reporting the letter of intent shows the $250K as payment "...to be directed towards payment of legal fees and brokerage fees" The July press release is boasting more than 400 beds. So what did Shawn Leon acquire for what looks like the assumption of liabilities? I don't see the language for the $2.6 million deal described in the July 8K anymore. Is the language for the $2.6 million special financing described in the July 8K describing Shawn Leons property purchase side deal?
Bubae
3 días hace
You are true and loyal Kool Aide drinker Paul. This stock is about the insiders trying to dig themselves out. This failed a year ago when the Leons had to personally guarantee the crazy property purchase, sale, lease back deal. The terms for getting themselves out from under that $9 million liability can be found in the write up in post #51299. Now Eileen Greene, the spouse of Shawn Leon, had to kick in another $250K in Q3 to keep the wheels on this.
The other insiders that Shawn Leon talked about in the January podcast are the holders of the series "N" and "R" notes totaling almost $5 million. Shawn Leon described these people as advisers who will at some point be converting that debt to equity. These note holders and the Leons are the real owners of this mess from what I see. What they need is for the future traders of this stock to pay that crushing debt so they can cash out at some point. These people should have lost their investment long ago but they weren't dumb enough to buy shares of the common. This operates more like a private company who fleeces traders of its stock to pay the ongoing losses.
Next up according to Shawn Leon is the split and the dilution from the offering. The Leons already diluted this more than 100% in July with their conversions so now you all can now experience double the split ratio over what would have been needed previously. That massive dilution of your shares also attenuates the influence of your selling post split. Bottom line is that you all who hold this stock do not matter any more.
Bubae
Re: pual post# 51295
Saturday, October 12, 2024 7:39:34 AM
Post# 51299 of 51449
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175219655&txt2find=failed
Ethema Health was bankrupt and done in 2023 Paul. I was absolutely correct that the business was bankrupt. The Leons had to personally guarantee the the crazy property purchase, sale, leaseback deal of August 2023 to bail it out. They refinanced that $2.3 million in mostly defaulted debt into a lease liability of more than $9 million, more than $19 million over the 20 year term. Leonite held a note that refinanced defaulted debt the previous year secured by all assets of ATHI the holding company for the treatment centers and Ethema Health which finally forced their hand. Now Shawn Leon has so badly fumbled the regulation "A" offering and taken out a couple of more million in debt in 2024 that he claims to be trying another property purchase, sale, leaseback deal with the Edgewater properties. Think the Leons have enough on their personal ledger to underwrite another disaster? 😆Bubae
Re: sylvia07 post# 51307
Monday, October 14, 2024 10:48:34 AM
Post# 51308 of 51449
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175225972&txt2find=leons%2Bconversions
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? He is claiming the $420K is accrued management fees citing an agreement with Addiction Recovery of America (ARIA) which Shawn Leon took for himself in December 2022 for $0. In the 2023 deal to hand over Cranberry Cove, the holding company for the Canadian to Leonite for debt owed Shawn Leon was awarded "approximately $185,503" in so called accrued management fees. That is $605,503 in management fees. Yet what we see owed to Leon Developments jumped $242K from the end of 2022 to the end of Q2 2023. The balance of the debt owed to Leon Development comes from the sale of assets to Ethema Health by Leon Developments back in 2017.
Bubae
4 días hace
Ethema Health borrowed another $562,500 to get through the third quarter. Eileen Greene, the spouse of the CEO, loaned $250K of that with the original issue discount of $35K. Hey, 14% return at the outset for a short term loan isn't bad. I posed the question of "can a related party buy into a company's regulation "A offering" into the google AI assistant and the the reply below suggests that yes, she could have bought into the current qualified regulation "A" offering with that cash. Once again though, loans to the company by the Leons as in control insiders is much safer. Right? The previous $500K of debt that she converted in July was done through one of the two reg "D" offerings priced at only $0.0005. Let some other fools pay $0.0012 on the reg, "A" offering. 😆
Yes, a related party can buy into a company's Regulation A offering, but they are typically subject to limitations on the amount they can invest and must disclose their relationship with the company in the offering documents due to the potential conflicts of interest involved in related-party transactions.
For the quarterly period ended September 30, 2024
https://www.sec.gov/ix?doc=/Archives/edgar/data/0000792935/000190359624000678/grst_10q.htm
Page 19
12. Receivables funding
August 30, 2024 Funding
On August 30, 2024, the Company, through its subsidiary, Evernia Health Center, LLC entered into a Receivables Sale Agreement with Itria Ventures LLC (“Itria”), whereby $312,500 of the Receivables of Evernia were sold to Itria, for gross proceeds of $250,000. The Company also incurred fees of $3,000, resulting in net proceeds of $247,000. The Company is obliged to pay $8,013 per week until the amount of $312,500 is paid in full.
The Company made weekly cash payments of $8,013 totaling $24,039 and the balance outstanding as of September 30, 2024 was $234,752, net of unamortized debt discount of $53,709.
14. Related parties (continued)
Eileen Greene
On July 4, 2024, Ms. Greene advanced the Company $250,000 with an original issue discount of $35,000, totaling $285,000. The amount is being repaid in instalments of $5,769 as and when the Company has the cash flow to make the payments, the loan is expected to be fully repaid in June 2025 or earlier depending on cash flow.
Form 8K July 2024
https://www.sec.gov/ix?doc=/Archives/edgar/data/0000792935/000190359624000411/grst_8k.htm
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
4 días hace
I appreciate the support but stand by to be ridiculed. 😆 I have been talking about this since 2021 and warned about the impending dilution then which crushed shareholders with 1,316,204,675 new shares between March 31st and the end of 2021 taking it into trips for the beginning of 2022.. A few bag holders from that period still show up here and one even calling it a 50/50 proposition. This after Shawn Leon has been talking about the regulation "A" offering and stock consolidation since January in the first podcast. The problem Shawn Leon has is that without serious buy volume from OTC traders he will not get subscribers for the offering. Regulation "A" offerings are exempt from registration and immediately tradable. Those who subscribe will do so at a steep discount to market and work through the their subscription trying to achieve a nice selling average price for their trouble. This means that the regulation "A" offerings typically sell off to below the offering price. Yeah, Lawrence Hawkins cashing out with $1.1 million is absurd given the history. I have been wondering where the cash is really going but that is for another post however.
Bubae
Re: NorfolkIP post# 30172
Friday, May 14, 2021 1:21:30 PM
Post# 30181 of 50122
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=163811739
Judging by all the support level failures they are clearly converting notes. Get your average down and unload when they promote and this runs again in my opinion. They may be growing, but many here will pay for it with their losses which is typical in the OTC. Play it like a pump and dump and you will be happier in the end. All I have seen in recent months despite the endless promotion on this board is more share value destruction by the company and little communication about operations.
For the quarterly period ended March 31, 2021
https://www.sec.gov/Archives/edgar/data/792935/000172186821000319/f2sgrst10q051921.htm
Page 26
The Company has authorized 10,000,000,000 shares with a par value of $0.01 per share. The company has issued and outstanding 2,262,849,130 and 2,027,085,665 shares of common stock at March 31, 2021 and December 31, 2020, respectively.
For the fiscal year ended: December 31, 2021
https://www.sec.gov/ix?doc=/Archives/edgar/data/0000792935/000190359622000192/sfs10kgrst033022.htm
Page F-28
The Company has authorized 10,000,000,000 shares with a par value of $0.01 per share. The company has issued and outstanding 3,579,053,805 and 2,027,085,665 shares of common stock at December 31, 2021 and December 31, 2020, respectively.
MrSmith101
5 días hace
I'm tired of reading the attacks on Bubae. It's good to see people finally waking up that he's trying to help. Shawn Leon at one point did operate real treatment centers, but at some point this became about real estate and buy backs. It's actually a pretty interesting scheme to be able to buy real estate from these corrupt treatment programs like Edgewater and then rent it back to them, while all the garbage gets dumped on investors while he gets the "management" fees and the property. And then rinse and repeat. This is not 50/50. It's 90/10 at best. And the feds are all over Edgewater and got a nice settlement out of that investigation. Having ARIA fix Edgewater...talk about having the blind lead the blind. If you really like gambling, go to a casino. Investing shouldn't be exactly the same as a slot machine. A slot machine you pull it, and you either win or lose. You don't sit around for 7 years...
https://whitediamondresearch.com/wp-content/uploads/2017/08/GRST-WDR-report.pdf
Price in 2017 was $.0799. What's it now? $.0007. With way less assets and way more debt. That's 7 years ago. This is not complicated people. Hawkins gets 1.1. million. Leon gets...who even knows at this point. Whenever he feels like he deserves management fees, which I would love to know how any of this qualifies as management. Mis-management fees maybe lol. It's like a perfect storm of everything not to do. I think if he really wants to help people, he'll take this thing out of it's misery, take his management fees, and go golfing. OR come on here and actually answer Bubae's questions. There's no doubt that at one point he was doing good, but this thing in South Florida has been a complete disaster and it just keeps on getting more convoluted.
Bubae
5 días hace
What keeps spinning here is th😆e promotional narrative. Yeah, selling post split is a much better idea. 🙄 When the CEO of a stinky OTC ticker tells you that he intends to consolidate the stock then sell an offering I have a tendency to believe that he will eventually do it. The problem Shawn Leon has now is that he has been shown with the full blown promotion of the story that was launched in June isn't selling. The story is devoid of reality. They need some serious buy in from retail to be able to convince the "qualified buyer" of the regulation "A" offering offering to subscribe and they aren't getting it. Those shares of the regulation "A" offering will be free trading when they get the stock split to satisfy his senior market up-list narrative.
Shawn Leon just did another deal for himself. On September 27th he converted $6000 into 600,000 shares of Series A Preferred stock. Add that to his spouse's (Eileen Greene) ownership of the series "A" and we get 4,600,000 shares. Those shares have voting rights of 10:1 to the common. So they convert the dubious debt to common priced at the predetermined $0.0005 to secure more than 50% control. Post split the common will get flushed so then it becomes a question of post split control. I guess that transaction wasn't worthy of a form 4 filing despite the influence post split that it could have. With the deals the Leons have been doling out for themselves it is nice to be in charge, is it not? 😆
In any case, selling at current PPS would be ridiculous ... The wheel is still spinning ...
For the quarterly period ended September 30, 2024
https://www.sec.gov/ix?doc=/Archives/edgar/data/0000792935/000190359624000678/grst_10q.htm
Page 21
b. Series A Preferred shares
Authorized, issued and outstanding
The Company has authorized 10,000,000 Series A preferred shares with a par value of $0.01 per share. The Company has issued and outstanding 4,600,000 and 4,000,000 Series A Preferred shares at September 30, 2024 and December 31, 2023, respectively.
On September 27, 2024, the Company issued 600,000 shares of Series A Preferred stock to Mr. Shawn Leon for the conversion of $6,000 of related party payables, see note 14 above.
Bubae
6 días hace
The Mirage note to help pay for the $1.1 million to be handed over to Lawrence (Larry) Hawkins matures today. The balance as of September 30th was $619,500, chart page 17. We have to go back to the Q1 filing to see a full description for the notes default terms because those terms are omitted in the Q2 and now Q3 filings. Under the terms of default the note holder is entitles to the 25% of ATHI using the calculation. The same 25% that Ethema Health just agreed to pay $1.1 million for on May 15th. ATHI (American Treatment Holdings Inc.} is the holding company for the Boca and Evernia treatment centers and has a share structure of its own. There are no comments in the subsequent events section of the Q3 filing mentioning this note and I'm not finding anything that tells us what they are doing about this note. I suspect that we will see a new debt agreement soon. Could we see the split and amended regulation "A" offering soon?
For the quarterly period ended September 30, 2024
https://www.sec.gov/ix?doc=/Archives/edgar/data/0000792935/000190359624000678/grst_10q.htm
10. Short-term Notes (continued)
Mirage Realty, LLC
On May 15, 2024, the Company, entered into a senior secured promissory note in the aggregate principal amount of $600,000. The note earns interest at 6% per annum for the first two months and 9% per annum for the following two months and 18% for the next two months. The note matures on November 15, 2024. The proceeds of the note were used to acquire the minority shareholder interest in ATHI, refer note 4 above.
For the quarterly period ended March 31, 2024
https://www.sec.gov/ix?doc=/Archives/edgar/data/0000792935/000190359624000371/grst_10q.htm
Page 24
Senior secured promissory note
On May 15, 2024, the Company, together with its subsidiaries, Evernia Health Center, LLC, American Treatment Holdings Inc, and Shawn Leon, entered into a Senior Secured Promissory Note (“Senior Note”)with an accredited investor for gross proceeds of $600,000, maturing on November 15, 2024 and 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. The Senior Note is senior to all other indebtedness including the promissory note issued to Q Global Trust, LLC (“Q Global”), except for allowed payments in terms of the Q Global agreement, as described below. 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. The proceeds from this note were used as the down payment for the acquisition of the remaining 25% of ATHI held by the minority shareholder.
Purchase of minority shareholder interest in ATHI
On May 15, 2024, the Company, Q Global Trust, LLC (the “Seller”), Lawrence B Hawkins and ATHI entered into an agreement for the purchase of the 25% minority shareholders interest in the share capital of ATHI for gross proceeds of $1,100,000. The Company paid proceeds of $625,000 on closing, and issued the Seller a promissory note for $475,000, subordinated to the Senior Note above. The Company will make 8 monthly installments of $10,000 each and on the ninth month a payment of $157,500, for the next eight months the Company will make payments of $10,000 each and on the eighteenth month a final payment of $157,500, totaling $475,000. The note does not bear interest and is guaranteed by Shawn Leon, Evernia Health Center, LLC and ATHI.
Bubae
7 días hace
Just a quick snapshot of the quarterly. Operating loss for the first nine months of 2024 increased 974% over the same period of 2023. Now some expenses were one offs like the Leons cashing in items like management fees and converting to equity. None the less they are getting crushed by the cash burn. The expensive promotional push that began in June to support the regulation "A" offering failed...AGAIN! so now they are looking to consolidate the stock for the offering with the story being growth and up-list.
Page 29
Management fees was $480,000 and $273,003 for the nine months ended September 30, 2024 and 2023...Operating (loss) income
The operating loss was $1,230,293 and operating income was $140,700 for the nine months ended September 30, 2024 and 2023, respectively, an increase of $1,370,993 or 974.4%. The increase is due to the increase in operating expenses of $1,701,289, offset by the increase in revenue of $330,296, as discussed in detail above.
Page 31
Over the next twelve months we estimate that we will require approximately $3.5 million for working capital and to repay existing short-term notes as the business continues to develop its rehab business in the US market. We have convertible notes, short term loans and promissory notes which will mature or have already matured during the current year and may have to raise equity or secure debt. There is no assurance that we will be successful with future financing ventures, and the inability to secure such financing may have a material adverse effect on our financial condition. In the opinion of management, our liquidity risk is assessed as high due to this uncertainty.
Bubae
1 semana hace
No anger here. I have to wonder where the shareholder anger is after what all has taken place. The Leon's diluted this stock by more than 100% then announce that they will be consolidating the stock to support an up-list to a senior exchange require a price in dollars not cents. Look at the source of the funds that the Leons claimed as debt which was converted in their special offering priced at $0.0005. Look at the nice property deal that Shawn Leon carved out for himself with the latest acquisition agreement for the Kentucky acquisition. Notice the brand building of ARIA since Shawn Leon took that entity for himself in Decemeber 2022.
Once they are able to move the debt with the offerings and the dust settles they can look to convert the so called friendly debt of nearly $5 million into equity like Shawn Leon talked about in the January 2024 podcast. Where does Ethema Health come off handing over another $1.1 million to Lawrence (Larry) Hawkins for the final 25% of the Evernia treatment center. That treatment center was a start-up funded by Ethema Health shareholders. After millions of shareholder dollars going through that facility he cashes out with another $1.1 million? The bought out the Boca assets and assumed the lease for $240K. 🙄 Where has the money gone? I see "greed and avarice" and at this point is in your face since all these plans have been laid out in the podcasts, press releases, and filings. One thing shareholders can't say later is that we didn't know.
Bubae
Re: janetcanada post# 51338
Saturday, October 19, 2024 7:54:57 PM
Post# 51339 of 51427
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175257541
Now we're talkin Janet. About time! 😆 We need to find out where all the money went frankly. Q3 2021 filing below shows that as of the July 2021 closing for the Evernia treatment center Ethema had invested more than $1.5 million in what they called a start-up. In May 2024 Ethema Health agreed to hand over another $1.1 million to Lawrence Hawkins who owned the Evernia Health Center start-up. It doesn't appear that this was much of anything to begin with yet Ethema Health has handed over $2.6 million just for starters without looking at the other costs to Ethema during the four and a half years since. This original Evernia facility holds 52 beds.Bubae
Re: None
Wednesday, October 23, 2024 3:45:11 AM
Post# 51363 of 51427
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175273461&txt2find=Leon%2BARIA
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. 😆
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loanshark007
4 días hace
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