secwatch.observer — SEC 8-K summary
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Issuer:     Metavesco, Inc. (MVCO)
CIK:        0000924095
Form:       8-K
Filed at:   2023-11-08T23:59:59+00:00
Accession:  0001493152-23-039899
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Metavesco enters $650K secured note with related party; issues 1M shares for $1K
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- Issued $650K secured promissory note to Meliori Inc. at $597K purchase price (13% OID), 12.5% interest, due Nov 2, 2028.
- Sold 1,000,000 common shares to Meliori for $1,000 ($0.0001 per share) as part of the same transaction.
- Meliori is owned by CEO Ryan Schadel's adult daughter; Schadel is CEO, CFO, sole director and majority owner of Metavesco.
- The note is secured by substantially all assets of the company under a Security Agreement filed as exhibit.
- Repaid and terminated a $25,000 unsecured promissory note to Tom Zarro with a payment of $26,934 (principal + interest).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/924095/000149315223039899/0001493152-23-039899-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/924095/000149315223039899/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-039899

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