other material
confidence high
sentiment neutral
materiality 0.50
Waterside Capital calls Nov 15 special meeting to approve conversion from Virginia to Nevada corporation
Metavesco, Inc.
- Special meeting set for Nov 15, 2021; shareholders vote on Plan of Conversion to reincorporate in Nevada.
- Each share of common stock converts 1:1 into shares of Nevada corporation; par value remains $1.00.
- CEO Ryan Schadel holds 69.7% of outstanding shares and will vote FOR; approval is virtually assured.
- Board unanimously recommends FOR; Nevada articles and bylaws are materially the same as Virginia.
- Reincorporation intended to better position company for expansion and attract future investors.