secwatch.observer — SEC 8-K summary
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Issuer:     Metavesco, Inc. (MVCO)
CIK:        0000924095
Form:       8-K
Filed at:   2022-08-18T23:59:59+00:00
Accession:  0001493152-22-023480
Event type: debt
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Metavesco issues $75k in demand notes to related party and investor
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- $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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/924095/000149315222023480/0001493152-22-023480-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/924095/000149315222023480/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-023480

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