Bubae
5 horas hace
Had a great four years under Trump. Then the Canadian styled libs took over and the country for four years and everyone now understands what happens under such policies. Given the landslide win you must be calling most of the U.S ignorant? 🙄 Now your own Trudeau is going MAGA on your border policy? 🤣🤣🤣 I can't stop laughing. 🤣 Talk about crazy times!!! You all are going broke just like the U.S.
Cuts coming to Medicaid to unwind some of the damage it seems. That more than 400 bed operation that Shawn Leon just acquired for essentially nothing in Kentuck is in what appears to be a saturated market. Kentucky according to the article below has "...the most treatment beds per resident in the country". Any wonder why they are talking about Medicaid cuts? Shawn Leons ace in hold must be his ability to unload losses on those trading his stock in the future. You think?
''special kind of ignorant'' I bet you voted crazy Donald (LOL)
Justin Trudeau Admits Immigration 'Mistakes' as Canada Changes Policy
Published Nov 19, 2024 at 7:34 AM EST
https://www.newsweek.com/justin-trudeau-admits-immigration-mistakes-canada-changes-policy-1988094
Bubae
Re: None
Tuesday, November 19, 2024 12:19:54 AM
Post# 51454 of 51509
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175406884
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 company under FBI investigation reducing staff, blames reimbursement cuts
Deborah Yetter Kentucky Lantern 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.
Increased access to Medicaid funds and a growth in the treatment industry have helped Kentucky expand to the most treatment beds per resident in the country, an accomplishment touted by Beshear.
Bubae
6 horas hace
Why don't quit acting like Shawn Leon hasn't been talking about the stock consolidation and selling the offering since the January podcast. Bottom line is despite the expensive promotion that began in June he has been unable to attract buyers to this story. Primarily because everyone understands that not only does he need new cash to service the debt but also the need to service these new acquisitions. Shawn Leon has a history of letting notes go into default and pay the nasty terms with even more debt. That $600K note that matured on the 15th has very nasty default terms as well. You think the prospect of 24% interest per month might light a fire under his tush? 😆 I doubt it, never has before. He just pays whatever it is. Shawn Leon didn't provide the text for this note. We know however from previous notes that there was language referring to any interest in excess of what may be lawful would be tacked onto the principle. Example is the Leonite note that also went into default, Exhibit A page 1 linked below. Yeah, they are still operating. 😆 The Leons had to personally guarantee a more than $9 million leaseback agreement to pay the $2.3 million of mostly defaulted debt in 2023. Now we see the wife kicking in another $250K to get through Q3. Sure, business is just fine. 😃
Bubae
Re: None
Friday, November 15, 2024 8:29:21 AM
Post# 51433 of 51508
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175390240
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? Leonite note exchange agreement
https://www.otcmarkets.com/filing/html?id=15961451&guid=6DY-kHm8pzCdh3h
Exhibit 10.01
https://www.otcmarkets.com/filing/html?id=15961451&guid=6DY-kHm8pzCdh3h#sfsgrst8k072222ex10_1_htm
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.
pual
14 horas hace
According to you, Leon is a crazy crook who believes reverse-splitting to make the shares worth $3 will do anything but open the door for a crashing PPS (i.e. drasticly reduce the market value of his outfit)
''What I see is that new bucket of preferred shares is to convert the balance of the millions of so called "friendly" debt Shawn Leon talked about''. Why would any investor chip in millions to buy preferred shares into a fail company (according to your writings)?
If you are right, Leon is an outstanding manipulator knowing many crazy potential investors he believes he can fool.
On the otherhand, if Leon knows many non crazy potential investors, ready to invest on a large scale into GRST, i suggest he can outline quite a great story only him knows about for the moment (???)
Honestly, I think you just keep disparaging Leon, imagining stupid scenarios that will never be (for whatever your motivation is).
NOTE: Whoever wants to BET on this stock must understand the odds are 50-50 considering no one really knows wha Leon is up y
pual
14 horas hace
''As a manager of a US Multinational'' ... I've been an executive of a Multinational and would never relate the environment of that with the situation of a sub-sub-sub-penny OTC stock whatever the topic.
Management of GRST is trying to resurect an almost failed outfit of the past and that by definition is a high risk context to throw money at.
That they make money as manager running the game is normal and, if one only looks at that consideration the risk is quite infinite.
On the otherhand, if management accumulates shares (up to controlling the company), one coud assume that they have reasons to believe they can succeed and prove it by reporting quaterly.
Are they full of it? Maybe
Are they naive? Maybe
Are they crook? I personally doubt it (but know as much as any herein)
That's why I look at it as a 50-50 BET instead of stupidly analysing it back and forth as if it was a serious blue chip stock.
That, at this point in time, you decide to take your BET out of the GAME, may be the right thing to do for youself but I (not having that serious a bet on the table) do not mind riding it somewhat considering the rerturn if Leon succeed at resolving the debt issue somekow.
That's why I say it is a 50-50 bet, not in INVESTMENT
Bubae
14 horas 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?
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