We are a shell company as that term is defined under federal securities laws. Our business plan is to seek (i) a new business to enter into; or, (ii) acquire assets or shares of an entity actively engaged in business that generates revenues in exchange for our securities. We will not restrict our search to any specific business, industry, or geographical location and we may participate in a business venture of virtually any kind or nature. This discussion of our new business is purposefully general and is not meant to be restrictive of our virtually unlimited discretion to search for and enter potential business opportunities. Management anticipates that it may be able to participate in only one potential business venture because we have nominal assets and limited financial resources. This lack of diversification should be considered a substantial risk to our shareholders because it will not permit us to offset potential losses from one venture against gains from another.
Company profile
Ticker
MVCO
Exchange
Website
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
EASTERN VIRGINIA SMALL BUSINESS INVESTMENT CORP, WATERSIDE CAPITAL CORP
SEC CIK
IRS number
541694665
MVCO stock data
Latest filings (excl ownership)
15-12G
Securities registration termination
13 Nov 23
8-K
Entry into a Material Definitive Agreement
8 Nov 23
10-K
2023 FY
Annual report
13 Oct 23
NT 10-K
Notice of late annual filing
28 Sep 23
8-K/A
Changes in Registrant's Certifying Accountant
20 Sep 23
8-K
Changes in Registrant's Certifying Accountant
15 Sep 23
8-K
Metavesco Announces Ten-for-One Forward Stock Split
12 Sep 23
8-K
Entry into a Material Definitive Agreement
12 Jul 23
8-K
Entry into a Material Definitive Agreement
20 Jun 23
10-Q
2023 Q3
Quarterly report
12 May 23
Financial summary
Quarter (USD) | Jun 23 | Mar 23 | Dec 22 | Sep 22 | |
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Diluted EPS |
Annual (USD) | Jun 23 | Jun 22 | Jun 21 | Jun 20 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 17.09 k | 17.09 k | 17.09 k | 17.09 k | 17.09 k | 17.09 k |
Cash burn (monthly) | 29.24 k | 1.51 k | 220.26 k | 97.96 k | 11.26 k | 16.57 k |
Cash used (since last report) | 281.32 k | 14.48 k | 2.12 mm | 942.58 k | 108.37 k | 159.45 k |
Cash remaining | -264.24 k | 2.60 k | -2.10 mm | -925.49 k | -91.28 k | -142.37 k |
Runway (months of cash) | -9.0 | 1.7 | -9.5 | -9.4 | -8.1 | -8.6 |
Institutional ownership, Q3 2019
13F holders | Current |
---|---|
Total holders | 0 |
Opened positions | 0 |
Closed positions | 1 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 0.00 |
Total shares | 0.00 |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
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