Mentor Capital Moves to OTCQB Venture Stage Market Feb 10th
Cannabis M&A Leader Continues Path Toward Larger Exchange Listing
SAN DIEGO--(BUSINESS WIRE)-- Mentor Capital, Inc. (OTC Pink: MNTR) reports it received confirmation from OTC Markets Group that on February 10, 2015, Mentor Capital will move up to the OTCQB venture stage marketplace for early stage and developing companies under the newly modified ticker (OTCQB: MNTR). Mentor Capital CEO, Chet Billingsley, observes, “As we move to provide significant public market liquidity for medical marijuana company founders, it is important for participating institutional and public investors to have confidence in those associated cannabis related business disclosures. Mentor will now be able to provide that transparency into the otherwise uncertain marijuana sector by the combination of the required OTCQB certification, OTC Markets company profile postings, full EDGAR SEC reporting, and the SEC recognition of OTCQB as an Established Public Market.”
At this milestone, Mentor Capital is pleased to recall that in the fifteen years since the company reorganized in 2000, the market capitalization of the firm has increased 4,850% which corresponds to a 29.5% annualized growth, although future results will vary.
To ensure that certain shareholders, or often their estates, still holding residual warrants from the year 2000 have an alternative opportunity to participate in the historical upside in value that has occurred over time, the company is authorizing a partial redemption, all as provided in the reorganization order, of up to 1% per month of any unexercised warrants from 2000, if any. The ordered redemption price is 10 cents per warrant which may be paid by the company or its shareholder designees and flows through to the original holder or estate. During ongoing months, designees, if any, may exercise the redeemable warrants, if any, at 50% of the closing bid price at the end of the preceding month. Certain shareholders to whom this partial redemption may apply will be further noticed at their last known address with participation details, if any, all in accordance with the reorganization order.
About Mentor Capital: The company seeks to take significant positions in medical marijuana and cannabis companies to both provide public market liquidity for founders and to incubate private cannabis companies that have the potential to be spun off as stand-alone pubic companies. Additional important information for investors is presented at: www.MentorCapital.com.
This press release is neither an offer to sell, nor a solicitation of offers to purchase, securities.
Forward Looking Statements: This press release contains forward-looking statements within the meaning of the federal securities laws, including statements concerning financial projections, financing activities, corporate combinations, product development activities and sales and licensing activities. Such forward-looking statements are not guarantees of future results or performance, are sometimes identified by words of condition such as “should,” “could,” “expects,” “may,” “intends,” “seeks,” “looks,” “moves,” or “plans” and are subject to a number of risks and uncertainties, known and unknown, that could cause actual results to differ materially from those intended or anticipated. Such risks include, without limitation: nonperformance of investments, partner and portfolio difficulties, potential delays in marketing and sales, problems securing the necessary financing to continue operations, problems involving continued illegality of cannabis products, potential of competitive products, services, and technologies, difficulties experienced in product development, in recruiting knowledgeable personnel and in protecting intellectual property. Further information concerning these and other risks is included in the Company’s Form 10 filing which, along with other very important information about the Company, can be found here:
The Company undertakes no obligation to update or revise such forward-looking statements to reflect new information, events or circumstances occurring after the date of this press release.
Mentor Capital, Inc.
Chet Billingsley, CEO
Source: Mentor Capital, Inc.
Released February 9, 2015