debt
confidence high
sentiment neutral
materiality 0.30
Metavesco issues $75k in demand notes to related party and investor
Metavesco, Inc.
- $50k note sold to Laborsmart (CEO's wholly owned co.), 5% interest, due Aug 12, 2023.
- $25k note sold to Tom Zarro, 5% interest, plus warrant for 20k shares at $0.75/share.
- Both notes are payable on demand; 12% default interest rate upon non-payment.
- Zarro warrant exercisable until Aug 12, 2025, with 9.99% equity blocker.