secwatch.observer — SEC 8-K summary
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Issuer:     Metavesco, Inc. (MVCO)
CIK:        0000924095
Form:       8-K
Filed at:   2022-03-07T23:59:59+00:00
Accession:  0001493152-22-006187
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/924095/000149315222006187/0001493152-22-006187-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/924095/000149315222006187/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-006187

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer