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 società. In cambio, Schadel riceverà 51 Azioni Preferenziali di Serie X con diritti di voto super prevalenti non convertibili, mantenendo il suo potere di voto del 51%.
La società, 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 sarà 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 recibirá 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 está preparando para una gran expansión de su filial Epic Labor, con un objetivo de 50 millones de dólares en ingresos anuales. La cancelación de las acciones se implementará tras el cumplimiento de los requisitos procedimentales.
Metavesco (OTC PINK: MVCO)는 CEO Ryan Schadel이 보유한 37억 6천만 주의 보통주를 퇴출한다는 계획을 발표했습니다. 이는 주주 가치를 증대시키고 회사의 자본 구조를 효율화하기 위한 전략의 일환입니다. 그 대가로 Schadel은 비변환형 슈퍼 의결권을 가진 51주의 X 시리즈 우선주를 받게 되어 51%의 의결권을 유지하게 됩니다.
디지털 및 전통 산업에서의 성장을 목표로 하는 이 회사는 Epic Labor 자회사의 대규모 확장을 준비하고 있으며, 연간 5천만 달러의 수익을 목표로 하고 있습니다. 주식의 취소는 절차적 요건이 완료된 후에 시행될 예정입니다.
Metavesco (OTC PINK: MVCO) a annoncé des projets pour retirer 3,76 milliards d'actions ordinaires détenues par le PDG Ryan Schadel dans le cadre d'une stratégie visant à améliorer la valeur pour les actionnaires et à rationaliser la structure du capital de l'entreprise. En échange, Schadel recevra 51 actions privilégiées de série X avec des droits de vote super prévalents non convertibles, maintenant ainsi son pouvoir de vote de 51%.
L'entreprise, qui se concentre sur la croissance dans les secteurs numérique et traditionnel, se prépare à 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 œuvre après l'achèvement des exigences procédurales.
Metavesco (OTC PINK: MVCO) hat Pläne angekündigt, 3,76 Milliarden Stammaktien, die im Besitz von CEO Ryan Schadel sind, zurückzuziehen. Dies ist Teil einer Strategie zur Steigerung des Aktionärswerts und zur Straffung der Kapitalstruktur des Unternehmens. Im Gegenzug wird Schadel 51 Serie X Vorzugsaktien mit nicht konvertierbaren, überragenden Stimmrechten erhalten, wodurch er seine Stimmkraft von 51% beibehält.
Das Unternehmen, das sich auf das Wachstum in digitalen und traditionellen Branchen konzentriert, bereitet sich auf eine große Expansion seiner Tochtergesellschaft Epic Labor vor und strebt 50 Millionen Dollar Jahresumsatz an. Die Aktienrücknahme 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 here.
For more information on Metavesco's current operations and strategy, visit www.metavesco.com
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: info@metavesco.com
Telephone number: +1 678-341-5898.
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SOURCE Metavesco, Inc.
FAQ
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