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
Sector
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)
RW
Registration withdrawal request
22 Dec 22
10-Q
2023 Q1
Quarterly report
14 Nov 22
10-12G
Registration of securities
1 Nov 22
10-K
2022 FY
Annual report
7 Oct 22
NT 10-K/A
Notice of late annual filing (amended)
3 Oct 22
NT 10-K
Notice of late annual filing
28 Sep 22
8-K
Entry into a Material Definitive Agreement
2 Sep 22
8-K
Entry into a Material Definitive Agreement
18 Aug 22
8-K
Submission of Matters to a Vote of Security Holders
18 Jul 22
8-K
Entry into a Material Definitive Agreement
1 Jul 22
Financial summary
| Quarter (USD) | Sep 22 | Jun 22 | Mar 22 | Dec 21 | |
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| Diluted EPS |
| Annual (USD) | Jun 22 | Jun 21 | Jun 20 | Jun 19 | |
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| Revenue | |||||
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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) | 5.51 k | 5.51 k | 5.51 k | 5.51 k | 5.51 k | 5.51 k |
| Cash burn (monthly) | 9.88 k | 40.92 k | 44.47 k | 43.31 k | 21.17 k | 16.53 k |
| Cash used (since last report) | 41.37 k | 171.34 k | 186.23 k | 181.34 k | 88.64 k | 69.23 k |
| Cash remaining | -35.86 k | -165.83 k | -180.72 k | -175.83 k | -83.13 k | -63.72 k |
| Runway (months of cash) | -3.6 | -4.1 | -4.1 | -4.1 | -3.9 | -3.9 |
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 |
|---|