---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-22-006187"
form_type: "8-K"
ticker: "MVCO"
cik: "0000924095"
company_name: "Metavesco, Inc."
filed_at: "2022-03-07T23:59:59+00:00"
generated_at: "2026-06-27T01:23:15.156583+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Waterside Capital issues $40,874 convertible note to CEO; funded by 1 bitcoin, converts at $0.50

## Summary
- Issued $40,873.62 convertible promissory note to CEO/director/majority stockholder Ryan Schadel on March 4, 2022.
- Note represents value of 1 bitcoin on issue date; bears 3.25% simple interest, matures March 3, 2027.
- Conversion price of $0.50 per share; late payment interest at 12%; Company may prepay without penalty.
- Insider financing; no arm's-length negotiation disclosed; funds obtained from CEO's personal bitcoin.

## SEC filing metadata
- accession: 0001493152-22-006187
- form_type: 8-K
- ticker: MVCO
- cik: 0000924095
- company_name: Metavesco, Inc.
- filed_at: 2022-03-07T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/924095/000149315222006187/0001493152-22-006187-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/924095/000149315222006187/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-22-006187
- JSON: https://secwatch.observer/filing/0001493152-22-006187.json
- Plain text: https://secwatch.observer/filing/0001493152-22-006187.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.