Metavesco to Retire 3.7 Billion Common Shares
Metavesco (OTC PINK: MVCO) has announced plans to retire 3.76 billion common shares owned by CEO Ryan Schadel as part of a strategy to enhance shareholder value and streamline the company's capital structure. In exchange, Schadel will receive 51 Series X Preferred Shares with non-convertible super voting rights, maintaining his 51% voting power.
The company, which focuses on growth in digital and traditional sectors, is preparing for a major expansion of its Epic Labor subsidiary, targeting $50 million in annual revenue. The share cancellation will be implemented following the completion of procedural requirements.
Metavesco (OTC PINK: MVCO) ha annunciato piani per ritirare 3,76 miliardi di azioni ordinarie detenute dal CEO Ryan Schadel come parte di una strategia per aumentare il valore per gli azionisti e semplificare la struttura del capitale della societ脿. In cambio, Schadel ricever脿 51 Azioni Preferenziali di Serie X con diritti di voto super prevalenti non convertibili, mantenendo il suo potere di voto del 51%.
La societ脿, che si concentra sulla crescita nei settori digitale e tradizionale, si sta preparando per un'espansione significativa della sua sussidiaria Epic Labor, puntando a 50 milioni di dollari di fatturato annuo. La cancellazione delle azioni sar脿 attuata al termine dei requisiti procedurali.
Metavesco (OTC PINK: MVCO) ha anunciado planes para retirar 3.76 mil millones de acciones comunes en manos del CEO Ryan Schadel como parte de una estrategia para aumentar el valor para los accionistas y simplificar la estructura de capital de la empresa. A cambio, Schadel recibir谩 51 Acciones Preferentes de Serie X con derechos de voto supervenantes no convertibles, manteniendo su poder de voto del 51%.
La empresa, que se enfoca en el crecimiento en sectores digitales y tradicionales, se est谩 preparando para una gran expansi贸n de su filial Epic Labor, con un objetivo de 50 millones de d贸lares en ingresos anuales. La cancelaci贸n de las acciones se implementar谩 tras el cumplimiento de los requisitos procedimentales.
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Metavesco (OTC PINK: MVCO) a annonc茅 des projets pour retirer 3,76 milliards d'actions ordinaires d茅tenues par le PDG Ryan Schadel dans le cadre d'une strat茅gie visant 脿 am茅liorer la valeur pour les actionnaires et 脿 rationaliser la structure du capital de l'entreprise. En 茅change, Schadel recevra 51 actions privil茅gi茅es de s茅rie X avec des droits de vote super pr茅valents non convertibles, maintenant ainsi son pouvoir de vote de 51%.
L'entreprise, qui se concentre sur la croissance dans les secteurs num茅rique et traditionnel, se pr茅pare 脿 une expansion majeure de sa filiale Epic Labor, visant 50 millions de dollars de chiffre d'affaires annuel. L'annulation des actions sera mise en 艙uvre apr猫s l'ach猫vement des exigences proc茅durales.
Metavesco (OTC PINK: MVCO) hat Pl盲ne angek眉ndigt, 3,76 Milliarden Stammaktien, die im Besitz von CEO Ryan Schadel sind, zur眉ckzuziehen. Dies ist Teil einer Strategie zur Steigerung des Aktion盲rswerts und zur Straffung der Kapitalstruktur des Unternehmens. Im Gegenzug wird Schadel 51 Serie X Vorzugsaktien mit nicht konvertierbaren, 眉berragenden Stimmrechten erhalten, wodurch er seine Stimmkraft von 51% beibeh盲lt.
Das Unternehmen, das sich auf das Wachstum in digitalen und traditionellen Branchen konzentriert, bereitet sich auf eine gro脽e Expansion seiner Tochtergesellschaft Epic Labor vor und strebt 50 Millionen Dollar Jahresumsatz an. Die Aktienr眉cknahme wird nach Abschluss der verfahrenstechnischen Anforderungen umgesetzt.
- Retirement of 3.76 billion common shares reduces share dilution
- Epic Labor subsidiary targeting $50 million in annual revenue
- Non-convertible preferred shares prevent future dilution from executive compensation
- Control remains concentrated with CEO through super voting rights
- No immediate financial benefit disclosed from share retirement
In exchange for the retirement of the common shares, Schadel will receive 51 Series X Preferred Shares. These Series X Preferred Shares carry "super voting" rights, granting him
"I am taking this step to create a stronger and more focused Metavesco," said Ryan Schadel, CEO of Metavesco. "By reducing the number of outstanding shares, we are aiming to improve the company's financial flexibility and strengthen the value proposition for our shareholders. This move also emphasizes our commitment to long-term stability and growth. The share cancellation will take effect once some procedural items are completed."
This move comes as Metavesco prepares major expansion of its Epic Labor subsidiary, with a goal to achieve
On Friday, January 24, 2025, Mr. Schadel held a livestream on X.com discussing this and other updates within Metavesco. All shareholders are encouraged to listen in its entirety .
For more information on Metavesco's current operations and strategy, visit
About Metavesco
Metavesco is a diversified holding company focused on acquiring and managing assets across multiple sectors, including consumer packaged goods and staffing services. The company is dedicated to long-term growth through strategic acquisitions and innovative market solutions.
Safe Harbor Statement
This press release contains statements that constitute forward-looking statements. These statements appear in a number of places in this press release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; and (iii) growth strategy and operating strategy. The words "may", "would", "will", "expect", "estimate", "can", "believe", "potential", and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. More information about the potential factors that could affect the business and financial results is included in the Company's filings on otcmarkets.com.
Contact:
Ryan Schadel
Email address: [email protected]
Telephone number: +1 678-341-5898.
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SOURCE Metavesco, Inc.
FAQ
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