Mentor Capital, Inc. (MNTR) News https://ir.mentorcapital.com/rss The latest news released by Mentor Capital, Inc. (MNTR) en-us Equisolve Investor Relations Suite Mentor Capital Legacy Unit Sale Completed at $6 Million https://ir.mentorcapital.com/news/detail/196/mentor-capital-legacy-unit-sale-completed-at-6-million Tue, 14 Nov 2023 13:03:00 -0500 https://ir.mentorcapital.com/news/detail/196/mentor-capital-legacy-unit-sale-completed-at-6-million Proceeds Target Classic Energy Acquisitions

PLANO, Texas--(BUSINESS WIRE)-- Mentor Capital, Inc. (OTCQB: MNTR) reported revenue of $8,490,515 for the trailing twelve months or $0.37 per share against a market capitalization of $918,787 at a corresponding share price of $0.041 per share in its quarterly Form 10-Q filing for the third quarter ended September 30, 2023, filed with the Securities and Exchange Commission. The Company had announced its estimate that the theoretical cash breakup value of the business, net of liabilities, may significantly exceed the current market price of the Company's stock.

Subsequent to quarter end, on October 4, 2023, Mentor sold its interest in a subsidiary unit in a $6,000,000 transaction comprised of $5,000,000 in cash and a $1,000,000 one-year note.

The Company reports that for the nine months ended September 30, 2023, Mentor had revenues of $6,432,616 and a gross profit of $2,281,216, with a resulting net loss attributable to Mentor of (1.5) cents per share. This represents a 14.66% increase in revenue and a 32.36% increase in gross profit over the prior-year quarter ended September 30, 2023, in which Mentor had revenues of $5,647,817 and gross profit of $1,723,437.

On September 30, 2023, the Company had 22,686,105 common shares and 11 Series Q convertible preferred shares outstanding, plus 6,250,000 Series D warrants outstanding with an exercise price of $1.60 per share, and 413,512 Series H warrants that an investment bank holds at a $7.00 per share exercise price.

No equity was granted to directors, insiders, consultants, or investor relations firms during the quarter ending September 30, 2023. A long-term share repurchase plan was authorized in 2014, and on September 30, 2023, a total of 0 shares remained to be repurchased under the plan. For the nine months ended September 30, 2023, a total of 255,252 MNTR common shares were repurchased and retired at an average price of $0.029 per share.

The Company's shares finished the quarter at a closing price of $0.041 per share, representing a market capitalization of $918,787 compared to a 2022 year-end closing price of $0.050 per share and a corresponding market capitalization of $1,147,068. The Company finished the quarter with a book value of $1,421,124 or $0.063 per share, compared to a book value of $1,726,099 or $0.075 per share at 2022 year-end.

The Series Q Convertible Preferred Stock, for accredited investors, first valued at $10,000 per share on May 30, 2018, was valued at $20,843 per share on September 30, 2023, which is an approximate 15.5% average compound annual rate of return over each of the last five years.

The Company is managed by Chairman and CEO Chet Billingsley (71), who founded Mentor Capital first as an acquisition partnership in 1985. Mr. Billingsley's interest is reported at 7.45% on a fully diluted basis as of September 30, 2023, with other directors and officers holding an additional 6.22% on a fully diluted basis.

The Form 10-Q may be referenced through the SEC's EDGAR system at: https://www.sec.gov/edgar/searchedgar/companysearch.html or at the Company's website: www.MentorCapital.com, where additional important information for investors can be found.

About Mentor Capital: The Company seeks to come alongside and assist private companies and their founders and investors in meeting their liquidity, equity financing, and acquisition objectives. Mentor is currently focusing its new efforts on adding assets in the classic energy sectors of uranium, coal, oil and gas.

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 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 and 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 or direction 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 financing, the potential of competitive products, services, and technologies, difficulties experienced in product development, in recruiting and retaining key and knowledgeable personnel, in protecting intellectual property, and the effects of adverse worldwide economic events, such as the coronavirus recovery, government regulations, ESG challenges, energy regulations, and inflation. Further information concerning these, and other risks is included in the Company's Form 10-Q filing, which, along with additional very important details on the Company, can be found here: https://ir.mentorcapital.com/all-sec-filings

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
(760) 788-4700
info@mentorcapital.com

Source: Mentor Capital, Inc.

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Mentor Capital Gains 390% During Move to Uranium, Coal, Oil and Gas https://ir.mentorcapital.com/news/detail/195/mentor-capital-gains-390-during-move-to-uranium-coal-oil-and-gas Thu, 09 Nov 2023 10:30:00 -0500 https://ir.mentorcapital.com/news/detail/195/mentor-capital-gains-390-during-move-to-uranium-coal-oil-and-gas Exxon, Chevron, Occidental, Arch, and Cameco are First in Energy Index

PLANO, Texas--(BUSINESS WIRE)-- Mentor Capital, Inc. (OTCQB: MNTR) announced it completed its move into the classic energy sector on November 2, 2023, with the majority of the Company’s non-cash assets, as planned, now springing from uranium, coal, oil and gas related royalties, companies, or projects. Mentor specifically initiated this shift of its planned focus into the classic energy sector on May 24, 2023, with the first of paced energy stock purchases in a newly created Mentor Classic Energy Index. During the approximately five months since its creation, through to November 2nd, the Mentor Classic Energy Index has appreciated 10.2%. During that same five-month period, the Mentor Capital, Inc. closing share price increased 390%, with the closing share price gain continuing at 67.8% during the latest one-month period of October 2023.

The major components of the Mentor Classic Energy Index currently include Exxon Mobil Corporation and Chevron Corporation who have recently made major respective purchases in Pioneer Natural Resources for $59.5 billion and Hess for $53 billion; Occidental Petroleum Corporation in which Warren Buffet’s Berkshire Hathaway increased its 25% investment to $12.7 billion; Cameco Corporation, a uranium company that just announced a purchase of 49% of Westinghouse for $4.1 billion; and Arch Resources, Inc. a $2.8 billion coal company whose share price increased 28.9% across the recent five-month period during which the Mentor Classic Energy Index was being initiated and funded.

The Mentor Classic Energy Index is a proprietary tracking index. It is being used by Mentor for marketing purposes to reflect the general state of the classic energy market. It is not open to separate outside investment. While the index shares are a significant overall component of Mentor Capital, Inc. value, the Company has always been an operating company with the majority of its assets comprised of operating entities. The Mentor board has recently reaffirmed its commitment to being an operating company concentrating in the uranium, coal, oil and gas businesses.

The Mentor Capital, Inc. founder and CEO is Chet Billingsley whose education and career have embraced a broad swath of energy technologies, including: nuclear engineering, fusion, oil and gas partnerships, coal gasification, liquified natural gas, solar systems, hydrogen power, geothermal, pumped hydro, and tidal power. Mr. Billingsley observes about Mentor, “Energy touches everything we do, move or make. To provide a better future for us all, the stewards of the assets of society, the men and women of business, must continually try to accomplish these things better and more efficiently. Many of us from the sciences, the keepers of the numbers, can calculate that fossil fuels and nuclear are the better and more cost-efficient source for that energy we all use for the better life we seek. For those investors that agree with this philosophy, Mentor Capital is structured to be a pure play in the oil, natural gas, coal, uranium, and related businesses for them.”

In preparation for the move to the energy sector, in 2023, Mentor sold 93% of its non-energy legacy assets. For clarity, substantially all legacy cannabis-related interests were sold in 2022, and Mentor has no remaining cannabis involvement or exposure. Until also divested, Mentor will continue to collect on its residual AI and annuity-like positions that are now a minority of the Company’s assets.

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 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 and 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 or direction 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 additional financing, the potential of competitive products, services, and technologies, difficulties experienced in product development, in recruiting and retaining knowledgeable and key personnel, in protecting intellectual property, and the effects of adverse worldwide economic events, such as the coronavirus recovery, government regulations, ESG challenges, energy prices, and inflation. Further information concerning these, and other risks is included in the Company's Form 10-Q and Form 10-K filings, which, along with additional very important details on the Company, can be found here: https://ir.mentorcapital.com/all-sec-filings

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
(760) 788-4700
info@mentorcapital.com

Source: Mentor Capital, Inc.

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Mentor Capital Subsidiary Divestiture Nets 500% of Market Cap in Cash https://ir.mentorcapital.com/news/detail/194/mentor-capital-subsidiary-divestiture-nets-500-of-market-cap-in-cash Thu, 05 Oct 2023 16:58:00 -0400 https://ir.mentorcapital.com/news/detail/194/mentor-capital-subsidiary-divestiture-nets-500-of-market-cap-in-cash Strategic Buyer Pays Premium for MNTR's Investment in Trash Company

PLANO, Texas--(BUSINESS WIRE)-- Mentor Capital, Inc. (OTCQB: MNTR) reports the sale to a strategic buyer of Mentor's legacy 51% stock interest in an Arizona-based trash consolidating business for $5.0 million in cash received October 4, 2023, plus $1.0 million in an additional note payable due in one-year, pending any unforeseen adjustments. This compares to Mentor's current market capitalization of $930,000 and recent book value of approximately $1,640,000. On June 30, 2023, Mentor estimated and reported that "the theoretical cash breakup value of the business, net of liabilities, may significantly exceed the current market price of the Company's stock."

Mentor has initiated the expansion of its planned focus in the classic energy sector with paced stock purchases in the oil, gas, uranium, coal, and related companies. Until divested, Mentor will continue to operate and collect on its other various business interests. In addition, during the late second and early third quarters of 2023, Mentor completed its second of two long-term stock repurchase programs.

About Mentor Capital: The Company seeks to come alongside and assist private companies and their founders and investors in meeting their liquidity, equity financing, and acquisition objectives. Mentor is currently focusing its new efforts on adding assets in the classic energy sectors.

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 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 and 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 or direction 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, the potential of competitive products, services, and technologies, difficulties experienced in product development, in recruiting knowledgeable personnel, in protecting intellectual property, and the effects of adverse worldwide economic events, such as the coronavirus recovery, government regulations, ESG challenges, energy prices, and inflation. Further information concerning these and other risks is included in the Company's Form 10-Q and Form 10-K filings, which, along with additional very important details on the Company, can be found here: https://ir.mentorcapital.com/all-sec-filings

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
(760) 788-4700
info@mentorcapital.com

Source: Mentor Capital, Inc.

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Mentor Capital Breakup Value Exceeds Stock Price https://ir.mentorcapital.com/news/detail/193/mentor-capital-breakup-value-exceeds-stock-price Tue, 15 Aug 2023 08:10:00 -0400 https://ir.mentorcapital.com/news/detail/193/mentor-capital-breakup-value-exceeds-stock-price Second Stock Repurchase Program Completed as Announced

PLANO, Texas--(BUSINESS WIRE)-- Mentor Capital, Inc. (OTCQB: MNTR) Reported revenue of $8,269,003 for the trailing twelve months or $0.36 per share against a market capitalization of $606,799 at a corresponding share price of $0.026 per share in its quarterly Form 10-Q filing for the second quarter ended June 30, 2023, filed with the Securities and Exchange Commission. The Company estimates that the theoretical cash breakup value of the business, net of liabilities, may significantly exceed the current market price of the Company's stock.

The Company reports that for the six months ended June 30, 2023, Mentor had revenues of $4,280,805 and a gross profit of $1,606,082, with a resulting net loss attributable to Mentor of (0.8) cents per share. This represents a 15.15% increase in revenue and a 25.10% increase in gross profit over the prior-year quarter ended June 30, 2023, in which Mentor had revenues of $3,717,518 and gross profit of $1,283,852.

On June 30, 2023, the Company had 22,941,357 common shares and 11 Series Q convertible preferred shares outstanding, plus 6,250,000 Series D warrants outstanding with an exercise price of $1.60 per share, and 413,512 Series H warrants that an investment bank holds at a $7.00 per share exercise price.

No equity was granted to directors, insiders, consultants, or investor relations firms during the quarter ending June 30, 2023. A long-term share repurchase plan was authorized in 2014, and on June 30, 2023, a total of 232,852 shares remained to be repurchased under the plan. For the six months ended June 30, 2023, a total of 22,400 shares were repurchased but have not yet been retired at an average price of $0.027 per share. Subsequent to quarter end, the remaining 232,852 shares were repurchased at an average price of $0.028 per share.

The Company's shares finished the quarter at a closing price of $0.026 per share, representing a market capitalization of $606,799 compared to a 2022 year-end closing price of $0.050 per share and a corresponding market capitalization of $1,147,068. The Company finished the quarter with a book value of $1,637,987 or $0.071 per share, compared to a book value of $1,726,099 at 2022 year-end.

The Series Q Convertible Preferred Stock, for accredited investors, first valued at $10,000 per share on May 30, 2018, was valued at $20,843 per share on June 30, 2023, which is an approximate 15.5% average compound annual rate of return over each of the last five years.

The Company is managed by Chairman and CEO Chet Billingsley (70), who founded Mentor Capital first as an acquisition partnership in 1985. Mr. Billingsley's interest is reported at 7.45% on a fully diluted basis as of June 30, 2023, with other directors and officers holding an additional 6.22% on a fully diluted basis.

The Form 10-Q may be referenced through the SEC's EDGAR system at: https://www.sec.gov/edgar/searchedgar/companysearch.html or at the Company's website: www.MentorCapital.com, where additional important information for investors can be found.

About Mentor Capital: The Company seeks to come alongside and assist private companies and their founders and investors in meeting their liquidity, equity financing, and acquisition objectives. Mentor is currently focusing its new efforts on adding assets in the classic energy sectors.

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 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 and 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 or direction 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, the potential of competitive products, services, and technologies, difficulties experienced in product development, in recruiting knowledgeable personnel, in protecting intellectual property, and the effects of adverse worldwide economic events, such as the coronavirus recovery, government regulations, ESG challenges, and inflation. Further information concerning these and other risks is included in the Company's Form 10-Q filing, which, along with additional very important details on the Company, can be found here: https://ir.mentorcapital.com/all-sec-filings

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.

For further information, contact:
Mentor Capital, Inc.
Chet Billingsley, CEO
(760) 788-4700
info@mentorcapital.com

Source: Mentor Capital, Inc.

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Mentor Capital Posts 22% Growth in 10-Q with Pivot Toward Energy Sector https://ir.mentorcapital.com/news/detail/192/mentor-capital-posts-22-growth-in-10-q-with-pivot-toward-energy-sector Thu, 25 May 2023 08:00:00 -0400 https://ir.mentorcapital.com/news/detail/192/mentor-capital-posts-22-growth-in-10-q-with-pivot-toward-energy-sector Classic Energy Sources and Supporting Technologies are Targeted

PLANO, Texas--(BUSINESS WIRE)-- Mentor Capital, Inc. (OTCQB: MNTR) announced 22% annualized sales growth to $8,031,952 for the trailing twelve months or $0.35 per share against a market capitalization of $825,889 and at a corresponding share price of $0.036 per share in its quarterly Form 10-Q filing for the first quarter ended March 31, 2023, filed with the Securities and Exchange Commission.

The Series Q Convertible Preferred Stock, for accredited investors, first valued at $10,000 per share on May 30, 2018, was valued at $20,843 per share on March 31, 2023, which is an approximate 16.4% average compound annual rate of return over each of the last five years.

The Company continues its efforts to convert its legacy and historic assets to cash and has initiated the refocus and investing of that cash, and future potential preferred share and warrant proceeds, if any, into oil and gas, uranium and coal resources, and related technologies.

A long-term share repurchase plan was previously adopted, and on March 31, 2023, a total of 255,252 shares remain to be repurchased under the plan.

The Form 10-Q may be referenced through the SEC's EDGAR system at: https://www.sec.gov/edgar/searchedgar/companysearch.html or at the Company's website: www.MentorCapital.com, where additional important information for investors can be found.

About Mentor Capital: The Company seeks to come alongside and assist private companies and their founders and investors in meeting their liquidity, equity financing, and acquisition objectives. Mentor is currently focusing its new efforts on adding assets in the energy sector.

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 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 and 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 or direction 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, the potential of competitive products, services, and technologies, difficulties experienced in product development, in recruiting knowledgeable personnel, in protecting intellectual property, and the effects of adverse worldwide economic events, such as the coronavirus recovery, government regulations, ESG challenges, and inflation. Further information concerning these and other risks is included in the Company's Form 10-Q filing, which, along with additional very important details on the Company, can be found here: https://ir.mentorcapital.com/all-sec-filings

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.

For further information, contact:
Mentor Capital, Inc.
Chet Billingsley, CEO
(760) 788-4700
info@mentorcapital.com

Source: Mentor Capital, Inc.

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Mentor Capital Posts 28% Annual Revenue Increase https://ir.mentorcapital.com/news/detail/191/mentor-capital-posts-28-annual-revenue-increase Wed, 29 Mar 2023 10:23:00 -0400 https://ir.mentorcapital.com/news/detail/191/mentor-capital-posts-28-annual-revenue-increase Expansion Into Texas Drives Sales Growth

PLANO, Texas--(BUSINESS WIRE)-- Mentor Capital, Inc. (OTCQB: MNTR) announced 28% annualized sales growth to $7,705,715 for the trailing twelve months or $0.34 per share against a share price of $0.05 per share in its annual Form 10-K filing for the fourth quarter ended December 31, 2022, filed with the Securities and Exchange Commission.

The Company reports that for the twelve months ended December 31, 2022, Mentor and its subsidiaries had combined revenues of $7,705,715 and a gross profit of $2,226,322, with a resulting net loss attributable to Mentor of ($471,386) or (2.1 cents) per share. This represents a 28.21% increase in revenue and an 18.95% increase in gross profit over the prior year ended December 31, 2021, in which Mentor and its subsidiaries had combined revenues of $6,010,438 and gross profit of $1,871,653, with a resulting net loss attributable to Mentor of ($272,848) or (1.2 cents) per share.

On December 31, 2022, the Company had 22,941,357 common shares and 11 Series Q convertible preferred shares outstanding, plus 6,250,000 Series D warrants outstanding with an exercise price of $1.60 per share.

No equity was granted to directors, insiders, consultants, or investor relations firms during the twelve annuals ending December 31, 2022. A long-term share repurchase plan was authorized in 2014, and on December 31, 2022, a total of 255,252 shares remain to be repurchased under the plan.

The Company's shares finished the year at a closing price of $0.05 per share, representing a market capitalization of $1,147,068 compared to a 2021 year-end closing price of $0.0508 per share and a corresponding market capitalization of $1,160,828. The Company finished the year with a book value of $1,726,099 or $0.08 per share, compared to a book value of $2,078,677, at 2021 year-end.

The Series Q Convertible Preferred Stock, for accredited investors, first valued at $10,000 per share on May 30, 2018, was valued at $20,843 per share on December 31, 2022, which is a 17.4% compound annual rate of return for each of the last four and a half years. The Series Q preferred shares could have been converted at a Conversion Price of $0.0546 per common share.

The Company is managed by Chairman and CEO Chet Billingsley (70), who founded Mentor Capital first as an acquisition partnership in 1985. Mr. Billingsley's interest is reported at 8.16% on a fully diluted basis as of December 31, 2022, with other directors and officers holding an additional 6.22% on a fully diluted basis.

The Form 10-K may be referenced through the SEC's EDGAR system at: https://www.sec.gov/edgar/searchedgar/companysearch.html or at the Company's website: www.MentorCapital.com, where additional important information for investors can be found.

About Mentor Capital: The Company seeks to come alongside and assist private companies and their founders and investors in meeting their liquidity, equity financing, and acquisition objectives. Mentor is currently focusing its efforts on adding assets in Texas, including in the energy sector.

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, and 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 illegality of cannabis products, the potential of competitive products, services, and technologies, difficulties experienced in product development, in recruiting knowledgeable personnel, in protecting intellectual property, and the effects of adverse worldwide economic events, such as the coronavirus recovery and recent step-up in inflation. Further information concerning these and other risks is included in the Company's Form 10-K filing, which, along with additional very important details on the Company, can be found here: https://ir.mentorcapital.com/all-sec-filings.

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
(760) 788-4700
info@mentorcapital.com

Source: Mentor Capital, Inc.

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Mentor Capital Harvests Half of Market Value in Cash from Side Investments and Reports 30% Q3 Sales Growth https://ir.mentorcapital.com/news/detail/190/mentor-capital-harvests-half-of-market-value-in-cash-from-side-investments-and-reports-30-q3-sales-growth Mon, 21 Nov 2022 12:05:00 -0500 https://ir.mentorcapital.com/news/detail/190/mentor-capital-harvests-half-of-market-value-in-cash-from-side-investments-and-reports-30-q3-sales-growth Yearly Sales per Share Approach Seven Times Current Share Price

PLANO, Texas--(BUSINESS WIRE)-- Mentor Capital, Inc. (OTCQB: MNTR) announced 25% annualized sales growth to $7,472,367 for the trailing twelve months or $0.33 per share against a share price of $0.05 per share in its quarterly Form 10-Q filing for the third quarter ended September 30, 2022, filed with the Securities and Exchange Commission. During and subsequent to the quarter-end, Mentor collected cash from two maturing side investments totaling $705,370, which exceeds 50% of the Company's entire public market valuation.

The Company reports that for the nine months ended September 30, 2022, Mentor had revenues of $5,647,817 and a gross profit of $1,723,437, with a resulting net profit attributable to Mentor of (0.1) cents per share. This represents a 34.93% increase in revenue and a 32.20% increase in gross profit over the prior-year quarter ended September 30, 2021, in which Mentor had revenues of $4,185,887 and gross profit of $1,303,612.

On September 30, 2022, the Company had 22,941,357 common shares and 11 Series Q convertible preferred shares outstanding, plus 6,250,000 Series D warrants outstanding with an exercise price of $1.60 per share.

No equity was granted to directors, insiders, consultants, or investor relations firms during the nine quarters ending September 30, 2022. A long-term share repurchase plan was authorized in 2014, and on September 30, 2022, a total of 255,252 shares remain to be repurchased under the plan.

The Company's shares finished the quarter at a closing price of $0.05 per share, representing a market capitalization of $1,147,068 compared to a 2021 year-end closing price of $0.0508 per share and a corresponding market capitalization of $1,160,828. The Company finished the quarter with a book value of $2,398,466 or $0.10 per share, and a price-to-book ratio of 48% compared to a book value of $2,078,677, at 2021 year-end.

The Series Q Convertible Preferred Stock, for accredited investors, first valued at $10,000 per share on May 30, 2018, was valued at $20,843 per share on September 30, 2022, and 11 Series Q shares could have been converted at a Conversion Price of $0.063 per share into 3,639,262 Mentor common shares, which is an 18.5% compound annual rate of return for each of the last four years.

Beginning in March 2018, Mentor invested $417,664 to facilitate the purchase of manufacturing equipment to be leased to Pueblo West Organics, LLC ("Pueblo West"). As of September 13, 2022, $485,358 had been collected on the lease, and on September 27, 2022, Pueblo West exercised its early lease prepayment option and bought out the lease for $245,369, bringing total collections on the investment to $730,727.

As of the quarter ended September 30, 2022, the Company had invested $396,666 into a Legal Recovery Purchase Agreement with Electrum Partners, LLC against Aurora Cannabis Inc. Subsequent to quarter end, on November 19, 2022, Electrum paid Mentor $460,000 from the proceeds of the Aurora legal recovery. Concurrently, Mentor and Electrum will release and cancel any residual involvement with each other.

As of September 30, 2022, the Company had received $250,000 in loans from the CEO, Chet Billingsley. The loans bear interest at 7.8% per annum, compounded quarterly, and are due upon demand.

The Company is managed by Chairman and CEO Chet Billingsley (70), who founded Mentor Capital first as an acquisition partnership in 1985. Mr. Billingsley's interest is reported at 8.87% on a fully diluted basis as of September 30, 2022, with other directors and officers holding an additional 6.22% on a fully diluted basis.

The Form 10-Q may be referenced through the SEC's EDGAR system at: https://www.sec.gov/edgar/searchedgar/companysearch.html or at the Company's website: www.MentorCapital.com, where additional important information for investors can be found.

About Mentor Capital: The Company seeks to come alongside and assist private companies and their founders and investors in meeting their liquidity, equity financing, and acquisition objectives.

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, and 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, the potential of competitive products, services, and technologies, difficulties experienced in product development, in recruiting knowledgeable personnel, in protecting intellectual property, and the effects of adverse worldwide economic events, such as the coronavirus recovery and recent step-up in inflation. Further information concerning these and other risks is included in the Company's Form 10-Q filing, which, along with additional very important details on the Company, can be found here: https://ir.mentorcapital.com/all-sec-filings

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
(760) 788-4700
info@mentorcapital.com

Source: Mentor Capital, Inc.

]]>
Mentor Capital Posts 1 Cent Net Profit on a 4 Cent Share Price in 10-Q https://ir.mentorcapital.com/news/detail/189/mentor-capital-posts-1-cent-net-profit-on-a-4-cent-share-price-in-10-q Mon, 15 Aug 2022 08:05:00 -0400 https://ir.mentorcapital.com/news/detail/189/mentor-capital-posts-1-cent-net-profit-on-a-4-cent-share-price-in-10-q Yearly Sales per Share Approach Eight Times Current Share Price

PLANO, Texas--(BUSINESS WIRE)-- Mentor Capital, Inc. (OTCQB: MNTR) announced annualized sales of $7,034,692 for the trailing twelve months or $0.31 per share against a share price of $0.04 per share in its quarterly Form 10-Q filing for the second quarter ended June 30, 2022, filed with the Securities and Exchange Commission.

The Company reports that for the six months ended June 30, 2022, Mentor had revenues of $3,717,518 and a gross profit of $1,283,852, with a resulting net profit attributable to Mentor of 0.9 cents per share. This represents a 38.0% increase in revenue and a 57.5% increase in gross profit over the prior-year quarter ended June 30, 2021, in which Mentor had revenues of $2,693,262, gross profit of $815,027, and resulting net loss attributable to Mentor of (1.6 cents) per share.

For the three months ended June 30, 2022, Mentor had revenues of $1,868,619 and a gross profit of $583,969, with a resulting net profit attributable to Mentor of 1.3 cents per share. This represents a 36.1% increase in revenue and a 54.2% increase in gross profit over the prior-year quarter ended June 30, 2021, in which Mentor had revenues of $1,372,638, gross profit of $378,636, and a resulting net loss attributable to Mentor of (0.9 cents) per share.

On June 30, 2022, the Company had 22,941,357 common shares and 11 Series Q convertible preferred shares outstanding, plus 6,250,000 Series D warrants outstanding with an exercise price of $1.60 per share.

In the second quarter of 2022, independent director David Carlile completed a market purchase of 100,000 common shares. No equity was granted to directors, insiders, consultants, or investor relations firms during the eight quarters ending June 30, 2022.

A long-term share repurchase plan was authorized in 2014, and on June 30, 2022, a total of 255,252 shares remain to be repurchased under the plan.

The Company's shares finished the quarter at a closing price of $0.04 per share, representing a market capitalization of $917,654 compared to a 2021 year-end closing price of $0.0508 per share and a corresponding market capitalization of $1,160,828. The Company finished the quarter with a book value of $2,771,985, or $0.12 per share, and a price-to-book ratio of 0.33x compared to a book value of $2,078,677, or $0.09 per share and a price to book ratio of 0.56x at 2021 year-end.

The Series Q Convertible Preferred Stock, for accredited investors, first valued at $10,000 per share on May 30, 2018, was valued at $19,219.11 per share on June 30, 2022, and 11 Series Q shares could have been converted at a Conversion Price of $0.063 per share into 3,355,717 Mentor common shares, which is a 17.3% compound annual rate of return for each of the last four years.

As of the quarter ended June 30, 2022, the Company had invested $396,666 into a Legal Recovery Purchase Agreement with Electrum Partners, LLC increasing total legal funding involvement to $590,694. This funding supports Electrum's action against Aurora Cannabis Inc., pending in the Supreme Court of British Columbia.

On June 5, 2022, Mentor received a $50,000 loan from its CEO, which bears interest at 7.8% per annum compounded quarterly. In total, since March 2021, the Company has received $250,000 in loans from the CEO under the same interest rate terms. The loans are due upon demand.

The Company is managed by Chairman and CEO Chet Billingsley (69), who founded Mentor Capital first as an acquisition partnership in 1985. Mr. Billingsley's interest is reported at 9.58% on a fully diluted basis as of June 30, 2022, with other directors and officers holding an additional 6.22% on a fully diluted basis.

The Form 10-Q may be referenced through the SEC's EDGAR system at: https://www.sec.gov/edgar/searchedgar/companysearch.html or at the Company's website: www.MentorCapital.com, where additional important information for investors can be found.

About Mentor Capital: The Company seeks to come alongside and assist private companies and their founders and investors in meeting their liquidity, equity financing, and acquisition objectives.

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, and 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, the potential of competitive products, services, and technologies, difficulties experienced in product development, in recruiting knowledgeable personnel, in protecting intellectual property, and the effects of adverse worldwide economic events, such as the coronavirus recovery and recent step-up in inflation. Further information concerning these and other risks is included in the Company's Form 10-Q filing, which, along with additional very important details on the Company, can be found here: https://ir.mentorcapital.com/all-sec-filings

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
(760) 788-4700
info@mentorcapital.com

Source: Mentor Capital, Inc.

]]>
Mentor Capital Posts 40% Annual Revenue Gain in 10-Q https://ir.mentorcapital.com/news/detail/188/mentor-capital-posts-40-annual-revenue-gain-in-10-q Mon, 16 May 2022 08:00:00 -0400 https://ir.mentorcapital.com/news/detail/188/mentor-capital-posts-40-annual-revenue-gain-in-10-q Yearly Sales per Share Approach Seven Times Current Share Price

PLANO, Texas--(BUSINESS WIRE)-- Mentor Capital, Inc. (OTCQB: MNTR) announced annualized sales of $0.32 per share against a share price of $0.05 per share in its quarterly Form 10-Q filing for the first quarter ended March 31, 2022, filed with the Securities and Exchange Commission.

The Company reports that for the quarter ended March 31, 2022, Mentor had revenues of $1,848,898 and a gross profit of $699,883, with a resulting net loss attributable to Mentor of (0.4 cents) per share. This represents a 40% increase in revenue and a 60% increase in gross profit over the prior-year quarter ended March 31, 2021, in which Mentor had revenues of $1,320,624, gross profit of $436,392, and resulting net loss attributable to Mentor of (0.6 cents) per share.

Mentor CEO, Chet Billingsley, attributes the revenue changes to the expansion of the operations of its 51% owned subsidiary, Waste Consolidators, Inc., in the state of Texas.

As of the quarter ended March 31, 2022, the Company has invested $396,666 into a Legal Recovery Purchase Agreement with Electrum Partners, LLC increasing total legal funding involvement to $590,694. This funding supports Electrum's action against Aurora Cannabis Inc., pending in the Supreme Court of British Columbia.

On March 31, 2022, 22,941,357 common shares and 11 Series Q convertible preferred shares were outstanding, plus 6,250,000 Series D warrants outstanding with an exercise price of $1.60 per share, and 689,159 Series H warrants that an investment bank holds at a $7.00 per share exercise price.

In the first quarter of 2022, Mr. Billingsley exercised 87,456 Series B warrants and 2,954 Series D warrants at $0.11 per share and $1.60 per share, respectively, increasing his share ownership by 90,410 shares. Subsequent to quarter-end, independent director David Carlile completed a market purchase of 102,400 common shares. No equity was granted to directors, insiders, consultants, or investor relations firms during the eight quarters ending March 31, 2022.

A long-term 300,000 share repurchase plan was authorized in 2014, and, on March 31, 2022, a total of 44,748 shares have been repurchased under the long-term plan.

The Company's shares finished the quarter at a closing price of $0.048 per share, representing a market capitalization of $1,101,185 compared to a 2021 year-end closing price of $0.0508 per share and a corresponding market capitalization of $1,60,828.

Mentor's Series Q Preferred Stock, first sold at $10,000 per share on May 30, 2018, was exchangeable for approximately $18,617 per share in Mentor common shares on March 31, 2022.

The Company is managed by Chairman and CEO Chet Billingsley (69), who founded Mentor Capital first as an acquisition partnership in 1985. Mr. Billingsley's interest is reported at 10.29% on a fully diluted basis as of March 31, 2022, with other directors and officers holding an additional 5.88%.

The Form 10-Q may be referenced through the SEC's EDGAR system at: https://www.sec.gov/edgar/searchedgar/companysearch.html or at the Company's website: www.MentorCapital.com, where additional important information for investors can be found.

About Mentor Capital: The Company seeks to come alongside and assist private companies and their founders and investors in meeting their liquidity, equity financing, and acquisition objectives.

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, and 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, the potential of competitive products, services, and technologies, difficulties experienced in product development, in recruiting knowledgeable personnel, in protecting intellectual property, and the effects of adverse worldwide economic events, such as the coronavirus recovery and recent step-up in inflation. Further information concerning these and other risks is included in the Company's Form 10-Q filing, which, along with additional very important details on the Company, can be found here: https://ir.mentorcapital.com/all-sec-filings

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
(760) 788-4700
info@mentorcapital.com

Source: Mentor Capital, Inc.

]]>
Mentor Capital Reports 2021 Revenues of 26 cents per Share https://ir.mentorcapital.com/news/detail/187/mentor-capital-reports-2021-revenues-of-26-cents-per-share Mon, 28 Mar 2022 10:48:00 -0400 https://ir.mentorcapital.com/news/detail/187/mentor-capital-reports-2021-revenues-of-26-cents-per-share Texas Expansion Powers 25% Revenue Growth in 2021

PLANO, Texas--(BUSINESS WIRE)-- Mentor Capital, Inc. (OTCQB: MNTR) reported a year-end price of 5 cents per share in its annual 10-K filing for December 31, 2021, with the Securities and Exchange Commission.

The Company reports that for the year ended December 31, 2021, Mentor had revenues of 26.3 cents per share or $6,010,438 and gross profit of $1,871,653 with a resulting net loss attributable to Mentor of ($272,848) or (1.2 cents) per share. This is an improvement from the year ended December 31, 2020, in which Mentor had revenues of $4,825,956 and gross profit of $1,526,641, with a resulting net loss attributable to Mentor of ($726,025) or (3.2 cents) per share.

The Company is actively divesting its cannabis assets. Certain of these assets are reflected in Mentor preferred shares representing core holdings that reported an annual valuation improvement of 11.6% to $18,082 per preferred share at December 31, 2021, from $16,207 at year-end 2020, which is below the annual average return on the preferred of 17.99% since the initial issuance May 30, 2018. The Company is now opportunistically seeking to invest in energy, medical products, manufacturing, cryptocurrency, real estate, or international projects. Our general business operations are intended to provide public market management and headquarters functions for our independently managed larger investments and majority-owned subsidiaries. The Mentor Capital, Inc. parent company has no non-affiliate debt.

The Company maintained a cash balance of $453,939 at December 31, 2021, compared to cash of $506,174 at December 31, 2020. The Company closed the year ended December 31, 2021, with a book value of $2,078,677, down from $2,335,143 at the end of 2020.

Mentor Capital, Inc. had approximately 11,232 registered holders of record as of December 31, 2021, with 22,850,947 shares issued. A long-term 300,000 share repurchase plan was authorized in 2014, and at December 31, 2021, a total of 44,748 shares have been repurchased under the long-term plan. Additional share repurchases are anticipated for 2022. No equity was granted to directors, insiders, consultants or investor relations firms in 2021. On December 31, 2021, the Company had 87,456 Series B warrants outstanding with an exercise price of $0.11 per share, 6,252,954 Series D warrants outstanding with an exercise price of $1.60 per share, and 689,159 Series H warrants that an investment bank holds at an exercise price of $7.00 per share. The Company’s shares finished the year at a closing price of $0.0508 per share, representing a market capitalization of $1,160,828 compared to a 2020 year-end closing price of $0.081 per share and corresponding market capitalization of $1,850,927. On January 11, 2022, our CEO exercised 87,456 Series B warrants and 2,954 Series D warrants at $0.11 per share and $1.60 per share, respectively. This increased Mr. Billingsley’s share ownership by 90,410 common shares, increased the Company’s outstanding shares to 22,941,357, and decreased the Company’s Series B and Series D outstanding warrants to 0 and 6,250,000, respectively. As of March 25, 2022, the closing price of the Company’s shares was $0.0486, with a corresponding market capitalization of approximately $1,114,950.

The Company is managed by Chairman, CEO, and director Chet Billingsley (69), who founded Mentor Capital first as an acquisition partnership in 1985 and was qualified as a Registered Investment Advisor. He received his undergraduate education at West Point before earning a Master’s Degree in Applied Physics at Harvard University. His early career was at General Electric. Treasurer, director, and financial consultant to the Company, Lori Stansfield, CPA (62), was most recently Director of Audit Services for a regional CPA firm. She graduated Magna cum Laude in accounting and received a Master’s Degree in Marketing from the University of Colorado. Ms. Stansfield is certified as a public accountant in both Colorado and California. Secretary and director Robert Meyer (82), and director and Audit Committee Chairman, David Carlile (66), are independent directors; each has been or is a business owner and major shareholder. Altogether, the directors and officers hold a 16.17% fully diluted interest in Mentor Capital, with Mr. Billingsley’s interest reported at 10.29% on a fully diluted basis as of March 24, 2022.

The Form 10-K may be referenced through the SEC's EDGAR system at: https://www.sec.gov/edgar/searchedgar/companysearch.html or at the Company's website: www.MentorCapital.com, where additional important information for investors can be found.

About Mentor Capital: The Company seeks to come alongside and assist private companies along with their founders and investors in meeting their liquidity, equity financing, and acquisition objectives.

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, the potential of competitive products, services, and technologies, difficulties experienced in product development, in recruiting knowledgeable personnel, in protecting intellectual property, and the effects of adverse worldwide economic events, such as the recent coronavirus outbreak. Further information concerning these and other risks is included in the Company's Form 10-K filing, which, along with additional very important details on the Company, can be found here: https://ir.mentorcapital.com/all-sec-filings

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
(760) 788-4700

Source: Mentor Capital, Inc.

]]>
Mentor Capital Revenues Up 21.2% for the 3rd Quarter 2021 https://ir.mentorcapital.com/news/detail/186/mentor-capital-revenues-up-21-2-for-the-3rd-quarter-2021 Mon, 15 Nov 2021 10:33:00 -0500 https://ir.mentorcapital.com/news/detail/186/mentor-capital-revenues-up-21-2-for-the-3rd-quarter-2021 Business Expansion in Texas Leads Trailing Revenues to 270% of Current Market Capitalization

PLANO, Texas--(BUSINESS WIRE)-- Mentor Capital, Inc. (OTCQB: MNTR) announced in its 10-Q filing for the third quarter of 2021 that revenues increased 21.2% and gross profit 30% during the third quarter compared to the same quarter in 2020. Trailing twelve-month revenues increased 15.2% to $5.47 million or 23.9 cents per share compared to a closing share price of 8.86 cents on November 13, 2021, corresponding to a current market capitalization of $2.02 million.

Mentor CEO, Chet Billingsley, notes that much of Mentor's 15.2% trailing year-over-year revenue growth springs from Mentor's 51% owned subsidiary, Waste Consolidators, Inc. (WCI). WCI's revenue increased to $4.8 million for 2020, from $4.2 million in 2019 and $3.6 million in 2018, continuing a 14.6% annualized growth trend.

In its third quarter 10-Q filing to the SEC, the Company reports that Mentor had quarterly revenues of $1,492,624 and gross profit of $488,584 with resulting break-even results per share of (0.0 cents). This is a revenue betterment over the prior-year quarter ended September 30, 2020, in which Mentor had revenues of $1,231,530 and gross profit of $375,735 with a resulting net loss attributable to Mentor of ($273,955) or (1.2 cents) per share.

On June 16, 2021, Mentor CEO, Chet Billingsley, invested a second $100,000 loan into the Company at 7.8% per annum and is due upon demand.

On August 27, 2021, the Company entered into a Settlement Agreement with the G Farma Entities, who will pay the Company, over approximately six years, $500,000 plus 4.25% interest in steeply increasing payments. In the case of default, an additional $2,000,000 will be added to the unpaid settlement amount payable by the G Farma Entities and guaranteed by their owners.

Subsequent to quarter end, on October 6, 2021, the Company invested additional capital of $9,998 in Electrum for litigation costs in their lawsuit against Aurora Cannabis, Inc. and pursuant to a legal Recovery Purchase Agreement. The amount invested by the Company into Electrum for litigation costs has increased to $191,527, bringing the total combined Electrum investments that may be collected in the legal recovery to $585,555, which is recorded at cost, without allowance for additional significant percentage participation in any award. Trial in the Electrum vs. Aurora litigation is currently scheduled to commence on March 7, 2022.

Subsequent to quarter end, on October 26, 2021, the Company received full forgiveness of its third Paycheck Protection Program Loan of $77,121 in principal and interest, bringing cumulative loan forgiveness for the Company and its 51% owned subsidiary, WCI, to $529,469 under the program.

On September 30, 2021, there were 22,850,947 Company shares or share equivalents issued and outstanding. No equity was granted to directors, insiders, consultants, or investor relations firms in the third quarter of 2021 nor during the previous two and half years.

The Form 10-Q may be referenced through the SEC's EDGAR system at: https://www.sec.gov/edgar/searchedgar/companysearch.html or at the Company's website: www.MentorCapital.com, where additional important information for investors can be found.

About Mentor Capital: The Company seeks to come alongside and assist private companies with their founders and investors in meeting their liquidity, equity financing, and acquisition objectives. The Company is currently exploring its start in the crypto space, looking at certain medical device companies, working on expanding its existing Waste Consolidators operations in Texas, and seeking to collect on or sell off the Company's former cannabis financings, patents, leases, and Mentor's investments in the legal proceedings of other parties.

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, the potential of competitive products, services, and technologies, difficulties experienced in product development, in recruiting knowledgeable personnel, in protecting intellectual property, and the effects of adverse worldwide economic events, such as the recent coronavirus outbreak. Further information concerning these and other risks is included in the Company's Form 10-Q filing, which, along with additional very important details on the Company, can be found here: https://ir.mentorcapital.com/all-sec-filings

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
(760) 788-4700
info@mentorcapital.com

Source: Mentor Capital, Inc.

]]>
Mentor Capital Revenues Up 18.4% for the 2nd Quarter 2021 https://ir.mentorcapital.com/news/detail/185/mentor-capital-revenues-up-18-4-for-the-2nd-quarter-2021 Mon, 16 Aug 2021 08:00:00 -0400 https://ir.mentorcapital.com/news/detail/185/mentor-capital-revenues-up-18-4-for-the-2nd-quarter-2021 Trailing Revenues at 200% of Current Market Capitalization Following Waste Consolidators, Inc. Revenue Growth

PLANO, Texas--(BUSINESS WIRE)-- Mentor Capital, Inc. (OTCQB: MNTR) announced in its 10-Q filing for the second quarter of 2021 that revenues increased 18.4% and gross profit 2.8% during the second quarter compared to the same quarter in 2020. Compared to one year earlier, trailing twelve-month revenues increased 15% to $5.21 million or 22.8 cents per share. The August 13, 2021 closing Mentor share price was 10.8 cents per share, corresponding to a current market capitalization of $2.46 million.

Mentor CEO, Chet Billingsley, notes that much of Mentor's 15% trailing year-over-year revenue growth springs from Mentor's 51% owned subsidiary, Waste Consolidators, Inc. (WCI). WCI's revenue increased to $4.8 million for 2020, from $4.2 million in 2019 and $3.6 million in 2018, a 14.6% annualized growth trend.

In its second quarter 10-Q filing to the SEC, the Company reports that Mentor had quarterly revenues of $1,372,638 and gross profit of $378,636 with a resulting net loss attributable to Mentor of ($216,620) or (0.9 cents) per share. This is a revenue betterment over the prior-year quarter ended June 30, 2020, in which Mentor had revenues of $1,158,867 and gross profit of $368,197 with a resulting net loss attributable to Mentor of ($184,185) or (0.8 cents) per share.

On March 12, 2021, Mentor received a $100,000 loan from its CEO, which bears interest at 7.8% per annum and is due upon demand. On June 17, 2021, Mentor received a second $100,000 loan from its CEO under the same terms.

On June 30, 2021, there were 22,850,947 Company shares or share equivalents issued and outstanding. No equity was granted to directors, insiders, consultants, or investor relations firms in the second quarter of 2021 nor during the previous two and half years. The Company's shares finished the quarter at a closing price of $0.133 per share, representing a market capitalization of $3,039,176 compared to a 2020 year-end closing price of $0.081 per share and a corresponding market capitalization of $1,850,927, six months prior.

The Company is managed by Chairman, CEO, Principal Financial Officer, and director Chet Billingsley (68), who founded Mentor Capital first as an acquisition partnership in 1985. Mr. Billingsley's interest is reported at 11.72% on a fully diluted basis as of August 15, 2021, with other directors and officers holding an additional 5.87%.

The Form 10-Q may be referenced through the SEC's EDGAR system at: https://www.sec.gov/edgar/searchedgar/companysearch.html or at the Company's website: www.MentorCapital.com, where additional important information for investors can be found.

About Mentor Capital: The Company seeks to come alongside and assist private companies with their founders and investors in meeting their liquidity, equity financing, and acquisition objectives. The Company is currently exploring expansion to its start in the crypto space, looking at plastics companies, expanding its existing Waste Consolidators operation into Texas, and collecting on or selling off the Company's former cannabis financings, patents, leases, and investments in the legal proceedings of other parties.

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 and is subject to a number of risks and uncertainties, known and unknown, that could cause actual results to differ materially from those intended or anticipated.

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
(760) 788-4700
info@mentorcapital.com

Source: Mentor Capital, Inc.

]]>
Mentor Capital Revenues Up 15% for the 1st Quarter 2021 https://ir.mentorcapital.com/news/detail/184/mentor-capital-revenues-up-15-for-the-1st-quarter-2021 Tue, 18 May 2021 15:06:00 -0400 https://ir.mentorcapital.com/news/detail/184/mentor-capital-revenues-up-15-for-the-1st-quarter-2021 Trailing Revenues at 200% of Current Market Capitalization Following Texas Expansion

PLANO, Texas--(BUSINESS WIRE)-- Mentor Capital, Inc. (OTCQB: MNTR) announced in its 10-Q filing for the first quarter of 2021 that revenues increased 15% during the first quarter compared to the same quarter in 2020. Compared to one year earlier, trailing twelve-month revenues increased 14% to $5.0 million or 22 cents per share. The May 17, 2021 closing Mentor share price was 11 cents per share, corresponding to a current market capitalization of $2.5 million.

Mentor CEO, Chet Billingsley, attributes the revenue changes to the combination of the business expansion and move into Texas, the waning of the COVID-19 impact on the economy, and new explorations into the crypto sector.

In its 10-Q filing to the SEC for the quarter ending March 31, 2021, the Company reports that Mentor had revenues of $1,320,624 and gross profit of $436,392 with a resulting net loss attributable to Mentor of ($146,923) or (0.6 cents) per share. This is a betterment over the prior-year quarter ended March 31, 2020, in which Mentor had revenues of $1,149,462 and gross profit of $385,102 with a resulting net loss attributable to Mentor of ($247,770) or (1.1 cents) per share.

On February 17, 2021, Mentor received a second Paycheck Protection Program loan of $76,593 from the U.S. Small Business Administration, from which the Company may apply for forgiveness.

On March 31, 2021, there were 22,850,947 Company shares or share equivalents issued and outstanding. No equity was granted to directors, insiders, consultants, or investor relations firms in the first quarter of 2021. The Company's shares finished the quarter at a closing price of $0.165 per share, representing a market capitalization of $3,770,406 compared to a 2020 year-end closing price of $0.081 per share and a corresponding market capitalization of $1,850,927.

The Company is managed by Chairman, CEO, and director Chet Billingsley (68), who founded Mentor Capital first as an acquisition partnership in 1985. Mr. Billingsley's interest is reported at 12.43% on a fully diluted basis as of May 14, 2021, with other directors and officers holding an additional 6.71%.

The Form 10-Q may be referenced through the SEC's EDGAR system at: https://www.sec.gov/edgar/searchedgar/companysearch.html or at the Company's website: www.MentorCapital.com, where additional important information for investors can be found.

About Mentor Capital: The Company seeks to come alongside and assist private companies with their founders and investors in meeting their liquidity, equity financing, and acquisition objectives. The Company is currently exploring expansion to its start in the crypto space, looking at plastics companies, expanding its existing Waste Consolidators operation into Texas, and collecting on or selling off the Company's former cannabis financings, patents, leases, and legal proceedings.

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 and is subject to a number of risks and uncertainties, known and unknown, that could cause actual results to differ materially from those intended or anticipated.

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
(760) 788-4700
info@mentorcapital.com

Source: Mentor Capital, Inc.

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Mentor Capital Rotates from COVID into Bitcoin Space https://ir.mentorcapital.com/news/detail/183/mentor-capital-rotates-from-covid-into-bitcoin-space Wed, 14 Apr 2021 09:11:00 -0400 https://ir.mentorcapital.com/news/detail/183/mentor-capital-rotates-from-covid-into-bitcoin-space Mentor participates in Coinbase IPO for its shareholders

PLANO, Texas--(BUSINESS WIRE)-- Mentor Capital, Inc. (OTCQB: MNTR) announced that it will be participating in the Coinbase IPO today on behalf of Mentor shareholders, and is adding a cryptocurrency and Bitcoin focus for any ongoing excess cash of Mentor. Mentor Capital, Inc. CEO, Chet Billingsley notes, “As Covid-19 drops off, we are rotating out of our efforts in the Covid business segment. Mentor has also exited our small initial portfolio in public vaccine companies and will apply those funds into the Coinbase IPO today.”

Mr. Billingsley adds, “The Coinbase IPO is a significant milestone in the acceptance of Bitcoin and other crypto currencies in the financial world and business community. Some of our board have considerable knowledge in this sector and we did not want to miss this opportunity for our shareholders. Our approach of looking to add direct support to private startup crypto companies and helping them reach and have access to the public markets may reduce the volatility of this still high risk area.”

“Yesterday, the financial news mentioned that only 32 of 40,000 public companies have crypto currencies on their balance sheets. We are happy to increase that number,” he concludes.

About Mentor Capital: The Company seeks to come alongside and assist private companies and their founders in meeting their liquidity and financial objectives, to add protection for investors, and to help incubate private 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, the potential of competitive products, services, and technologies, difficulties experienced in product development, in recruiting knowledgeable personnel, in protecting intellectual property, and the effects of negative worldwide economic events, such as the recent coronavirus outbreak. Further information concerning these, and other risks is included in the Company’s SEC filings, which, along with additional very important information about the Company, can be found here:
https://ir.mentorcapital.com/all-sec-filings

The Company undertakes no obligation to update or revise such forward-looking statements to reflect new information, events, or circumstances occurring after this press release date.

Mentor Capital, Inc.
Chet Billingsley, CEO
(760) 788-4700
info@mentorcapital.com

Source: Mentor Capital, Inc.

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Vaccine Affirming Lapel Pins Free to Mentor Capital Shareholders https://ir.mentorcapital.com/news/detail/182/vaccine-affirming-lapel-pins-free-to-mentor-capital-shareholders Tue, 23 Mar 2021 13:52:00 -0400 https://ir.mentorcapital.com/news/detail/182/vaccine-affirming-lapel-pins-free-to-mentor-capital-shareholders Peace of mind in casual settings during transition to maskless normalcy

PLANO, Texas--(BUSINESS WIRE)-- Mentor Capital, Inc. (OTCQB: MNTR) announced that any shareholder may receive a metal lapel pin at no cost from Mentor Capital, that is intended to self-indicate for casual situations that the wearer has been vaccinated with the Pfizer, Inc., Moderna, Inc. or AstraZeneca, PLC vaccines. The one inch pin reads “Covid-19 Antibodies” and is intended to give greater peace of mind in supermarkets, restaurants and other casual settings. This allows the wearer to unofficially but easily represent that they are vaccinated. Like an “I Voted” sticker, the pin may also help promote increased vaccine participation in areas where the government and businesses are already transitioning from a masked to a maskless environment.

Mentor shareholders may obtain the lapel pin free of charge by sending a self-addressed stamped return envelope to the company address: Mentor Capital, Inc., 5964 Campus Court, Plano, Texas 75093. The pins are sourced through “Antibody Badge” a non-profit that Mentor has sponsored to help support the anti-Covid-19 effort. Any person may request a free AntiBody Badge pin by asking for one in writing, sent to the company address, and including a self-addressed, stamped, return envelope. The offer is open as long as supplies last.

About Mentor Capital: The Company seeks to come alongside and assist private companies and their founders in meeting their liquidity and financial objectives, to add protection for investors, and to help incubate private 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.

The Company undertakes no obligation to update or revise these statements to reflect new information, events, or circumstances occurring after this press release date.

Mentor Capital, Inc.
Chet Billingsley, CEO
(760) 788-4700
info@mentorcapital.com

Source: Mentor Capital, Inc.

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Mentor Capital Initiates COVID-19 Related Investments https://ir.mentorcapital.com/news/detail/181/mentor-capital-initiates-covid-19-related-investments Mon, 21 Dec 2020 15:12:00 -0500 https://ir.mentorcapital.com/news/detail/181/mentor-capital-initiates-covid-19-related-investments Pfizer, Moderna, BioNTech and AstraZeneca Lead Off in Mentor’s New Medical Investments Portfolio

PLANO, Texas--(BUSINESS WIRE)-- Mentor Capital, Inc. (OTCQB: MNTR) announced that it has added a business segment that focuses on the vaccine and associated medical companies involved in the fight against SARS-CoV-2. The initial public companies in the small internal portfolio are Pfizer, Inc., Moderna, Inc., AstraZeneca PLC, and BioNTech SE. The majority of medical segment purchases from common share, accredited, and debt sourced funding by Mentor are targeted toward private company purchases. This is substantially reserved for those smaller firms supporting the battle against COVID-19 looking for public market liquidity. Mentor Capital, Inc. is not an investment company.

Mentor’s business move into the COVID-19 arena is a natural outshoot from the Company’s long prior history of financially supporting leading-edge immunotherapies in the fight against cancer. Mentor Capital, Inc. also sponsors a non-profit under the name “Antibody Badge.” Through AntibodyBadge.com, any vaccine manufacturer, government agency, or vaccine administrator, in bulk, or persons individually that receive the COVID-19 vaccine from Pfizer/BioNTech, Moderna, and AstraZeneca with others as approved, can request one-inch lapel pins that read “COVID-19 Antibodies.” Since the vaccines are reported to be about 90% - 95% effective, antibody badges could conveniently give peace of mind in supermarkets, restaurants, churches, and other casual gatherings, indicating that the wearer is vaccinated without the more significant intrusion of showing an electronic passport. Anecdotal survey indicates that approximately 24% more people would get the vaccine if the Antibody Badge lapel pin could be worn in lieu of a mask in casual settings.

About Mentor Capital: The Company seeks to come alongside and assist private companies and their founders in meeting their liquidity and financial objectives, to add protection for investors, and to help incubate private 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, the potential of competitive products, services, and technologies, difficulties experienced in product development, in recruiting knowledgeable personnel, in protecting intellectual property, and the effects of negative worldwide economic events, such as the recent coronavirus outbreak. Further information concerning these, and other risks is included in the Company’s SEC filings, which, along with additional very important information about the Company, can be found here:

https://ir.mentorcapital.com/all-sec-filings

The Company undertakes no obligation to update or revise such forward-looking statements to reflect new information, events, or circumstances occurring after this press release date.

Mentor Capital, Inc.
Chet Billingsley, CEO
(760) 788-4700
info@mentorcapital.com

Source: Mentor Capital, Inc.

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Mentor Capital Reports 3rd Quarter 2020 10-Q https://ir.mentorcapital.com/news/detail/180/mentor-capital-reports-3rd-quarter-2020-10-q Mon, 16 Nov 2020 06:00:00 -0500 https://ir.mentorcapital.com/news/detail/180/mentor-capital-reports-3rd-quarter-2020-10-q Trailing Annual Revenues Are Double Market Capitalization for Texas M&A Company

PLANO, Texas--(BUSINESS WIRE)-- Mentor Capital, Inc. (OTCQB: MNTR) announced that it had filed its quarterly 10-Q filing for the third quarter ended September 30, 2020, with the Securities and Exchange Commission.

The Company reports that for the quarter ended September 30, 2020 Mentor had revenues of $1,231,530 and gross profit of $375,735 with a resulting net loss attributable to Mentor of ($273,955) or (1.2 cents) per share. This is an improvement over the prior year quarter ended September 30, 2019, in which Mentor had revenues of $1,071,337, gross profit of $248,538 and resulting net loss attributable to Mentor of ($336,816) or (1.5 cents) per share.

In the prior year nine-month period, the Company experienced significant losses from G Farma’s default on finance leases and notes receivable. In the nine months ended September 30, 2019, the Company recognized bad debt on the finance leases of $730,469 and impairment loss of $1,688,825 on its purchased notes receivable from G Farma.

Subsequent to quarter-end, on November 4, 2020, the Company’s Motion for Summary Adjudication was granted as to several causes of action against G FarmaLabs Limited and guarantors Atanachi Gonzalez and Nicole Gonzalez. The Court found that G FarmaLabs Limited had breached its obligations under two promissory notes and that each of Mr. Gonzalez and Ms. Gonzalez owed duties to Mentor as guarantors of those same promissory notes in the past due amount of $1,166,570, including note interest, which was ordered payable to Mentor Capital, Inc. The Company plans to pursue the collection of damages and the remaining litigation.

The Company had approximately 11,354 shareholders reported as of September 30, 2020, with 22,850,947 shares issued. At September 30, 2020, there were 87,456 Series B warrants outstanding with an exercise price of $0.11 per share, 6,252,954 Series D warrants outstanding with an exercise price of $1.60 per share, and 689,159 Series H warrants that are held by an investment bank at a $7.00 per share exercise price. No equity was granted to directors, insiders, consultants, or investor relations firms in the nine months ended September 30, 2020.

The Company’s shares finished the quarter at a closing price of $0.07 per share representing a market capitalization of $1,599,566 compared to a 2019 year end closing price of $0.12 per share and a corresponding market capitalization of $2,742,114. As of November 13, 2020, the closing price of the Company’s shares was $0.09 with a corresponding market capitalization of approximately $2,056,585. Mentor’s Series Q Preferred Stock, first sold at $10,000 per share on May 30, 2018, were exchangeable for approximately $15,768 per share in Mentor common shares on September 30, 2020.

On September 22, 2020, Mentor IP, LLC, the Company’s 100% owned subsidiary, received a Canadian patent covering certain CBD, THC, and nicotine concentrations in vape systems. Mentor IP, LLC’s interests in the Canadian patent and the parent May 5, 2020 United States patent are governed by a “Larson - Mentor Capital, Inc. Patent and License Fee Facility with Agreement Provisions for an -- 80% / 20% Domestic Economic Interest -- 50% / 50% Foreign Economic Interest” with R.L. Larson and Larson Capital, LLC.

On September 30, 2020, Mentor moved its office to 5964 Campus Court, Plano, Texas 75093. Subsequent to quarter-end, on October 22, 2020, the Company had no operations in the state of California

Subsequent to quarter-end, on October 28, 2020, Dr. Robert Mandelkorn purchased the Company’s interest in GlauCanna for $31,000. GlauCanna is a Florida-based glaucoma cannabis oil project that was partially funded by the Company for $30,000, conducted by and otherwise paid for by Dr. Mandelkorn.

The Company is managed by Chairman, CEO, and director Chet Billingsley (68), who founded Mentor Capital in 1985. Our Treasurer, Contracted CFO, and director is Lori Stansfield, CPA (61). Secretary and director Robert Meyer (81), director and Audit Committee member Stan Shaul (55), and director and Audit Committee Chairman David Carlile (64) are independent directors; each has been or is a business owner and a major shareholder. Altogether, the directors and officers hold a 20.42% fully diluted interest in Mentor Capital, with Mr. Billingsley’s interest reported at 13.81% on a fully diluted basis as of November 4, 2020.

The Company’s Form 10-Q may be referenced through the SEC’s EDGAR system athttps://www.sec.gov/edgar/searchedgar/companysearch.html or the Company’s website under the SEC Filings tab at https://ir.mentorcapital.com/sec-filings.

About Mentor Capital: The Company seeks to come alongside and assist private companies and their founders in meeting their liquidity and financial objectives, to add protection for investors, and to help incubate private companies. In late 2019, the Company expanded its target industry to potentially include energy, mining and minerals, technology, consumer products, management services, and manufacturing sectors. 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, in protecting intellectual property, and the effects of negative worldwide economic events, such as the recent coronavirus outbreak. Further information concerning these, and other risks is included in the Company’s Form 10-Q filing which, along with other very important information about the Company, can be found here:

https://ir.mentorcapital.com/all-sec-filings

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
(760) 788-4700
info@mentorcapital.com

Source: Mentor Capital, Inc.

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Mentor Capital Reports 12.5% Growth in 2nd Quarter 2020 10-Q https://ir.mentorcapital.com/news/detail/179/mentor-capital-reports-12-5-growth-in-2nd-quarter-2020-10-q Thu, 13 Aug 2020 08:05:00 -0400 https://ir.mentorcapital.com/news/detail/179/mentor-capital-reports-12-5-growth-in-2nd-quarter-2020-10-q Annualized Current Revenues are 240% of Market Capitalization for M&A Company

SAN DIEGO--(BUSINESS WIRE)-- Mentor Capital, Inc. (OTCQB: MNTR) announced a 12.5% year-over-year revenue growth for the second three months of the year in its quarterly 10-Q filing for the second quarter ended June 30, 2020, filed with the Securities and Exchange Commission.

The Company reports that for the quarter ended June 30, 2020 Mentor had revenues of $1,158,867 and gross profit of $368,197 with a resulting net loss attributable to Mentor of ($184,185) or (0.8 cents) per share. This is an improvement over the prior year quarter ended June 30, 2019, in which Mentor had revenues of $1,029,749, gross profit of $301,159 and resulting net loss attributable to Mentor of ($408,275) or (1.8 cents) per share.

As further disclosure to our 10-Q, on January 31, 2020, all remaining equipment leased to G Farma by Mentor Partner I was repossessed by the Company and on March 5, 2020 and in June of 2020 the Company sold all the recovered equipment for net sale proceeds of $222,031 and $27,459, respectively. We will continue to pursue judgement and collection of the G Farma notes receivable for which $1,045,051 has been reserved, plus the residual finance lease payments remaining for which $1,203,404 has been reserved, from G Farma, its affiliates, and the guarantors.

The effect of the novel coronavirus pandemic (“COVID-19”) has significantly impacted the United States economy. Mentor’s legal efforts have been hindered due to the closure of the courts in California and British Columbia, following COVID-19 concerns there. This delays potential recoveries from the G Farma lawsuit, and the Company’s interest in the Aurora Cannabis, Inc. lawsuit through Mentor’s investee, Electrum Partners, LLC.

Our 51% owned subsidiary, Waste Consolidators, Inc (“WCI”) helps lower monthly service costs paid by its client properties. WCI revenue for the six months ended June 30, 2020 increased by 15.72%, as compared to the prior year six month period. Any impact of COVID-19 for WCI’s six month period ended June 30, 2020, is estimated to be immaterial.

On April 23, 2020 and May 5, 2020, the Company and WCI each received PPP loans in the amount of $76,500 and $383,342, respectively. The loans are expected to be forgiven by the government. Subsequent to quarter end, on July 9, 2020, WCI received an additional Economic Injury Disaster Loan in the amount of $150,000, through the SBA. The loan is secured by all personal property of WCI, bears interest at 3.75% per annum, requires monthly payments, and matures July 2050.

The Company had approximately 11,087 shareholders reported as of June 30, 2020, with 22,850,947 shares issued, plus 6,252,954 Series D warrants outstanding at an exercise price of $1.60 per share. No equity was granted to directors, insiders, consultants or investor relations firms in the six months ended June 30, 2020. As of August 12, 2020 the Company’s shares closed at a price of $0.0835 per share representing a market capitalization of $1,908,054 compared to a 2019 year end closing price of $0.12 per share. and a corresponding market capitalization of $2,285,095. Mentor’s Series Q Preferred Stock, first sold at $10,000 per share on May 30, 2018, were exchangeable for approximately $15,343 per share in Mentor common shares on June 30, 2020.

The Company is managed by CEO, Chet Billingsley (67), who founded Mentor Capital in 1985. He received his undergraduate education at West Point before earning a Master’s Degree in Applied Physics at Harvard University. His early career was at General Electric. Treasurer, CFO, and director Lori Stansfield, CPA (61), was most recently Director of Audit Services for a regional CPA firm. She graduated Magna cum Laude in accounting and received a Master’s Degree in Marketing from the University of Colorado. Ms. Stansfield is certified as a public accountant in both Colorado and California. Secretary and director Robert Meyer (81), director and Audit Committee member Stan Shaul (55), and director and Audit Committee Chairman David Carlile (64) are independent directors; each has been or is a business owner and major shareholder. Altogether, the directors and officers hold a 21.15% fully diluted interest in Mentor Capital with Mr. Billingsley’s interest reported at 14.54% on a fully diluted basis as of August 4, 2020.

The Form 10-Q may be referenced at the Company’s website or through the SEC’s EDGAR system at:

https://www.sec.gov/edgar/searchedgar/companysearch.html

About Mentor Capital: The Company seeks to come alongside and assist private companies and their founders in meeting their liquidity and financial objectives and to help incubate private companies. The Company may target energy, defense, mining, plastics, legal recovery, cannabis, and manufacturing sectors. 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,” “targets,” 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 illegality of cannabis products, potential of competitive products, services, and technologies, difficulties experienced in product development, in recruiting knowledgeable personnel, in protecting intellectual property, and the effects of negative worldwide economic events, such as the recent coronavirus outbreak. Further information concerning these, and other risks is included in the Company’s Form 10-Q filing which, along with other very important information about the Company, can be found here: https://ir.mentorcapital.com/all-sec-filings

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
(760) 788-4700
info@mentorcapital.com

Source: Mentor Capital, Inc.

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Mentor Capital Reports 1st Quarter 2020 10-Q https://ir.mentorcapital.com/news/detail/178/mentor-capital-reports-1st-quarter-2020-10-q Fri, 15 May 2020 08:15:00 -0400 https://ir.mentorcapital.com/news/detail/178/mentor-capital-reports-1st-quarter-2020-10-q Trailing Revenues Continue to Exceed Market Capitalization for M&A Company

SAN DIEGO--(BUSINESS WIRE)-- Mentor Capital, Inc. (OTCQB: MNTR) announced that it had filed its quarterly Form 10-Q filing for the first quarter ended March 31, 2020, with the Securities and Exchange Commission coincident with a move to the OTCQB.

The Company reports that for the quarter ended March 31, 2020, Mentor had revenues of $1,149,462 and gross profit of $385,102, with a resulting net loss attributable to Mentor of (1.1 cents) per share. This is an increase over the prior year quarter ended March 31, 2019, in which Mentor had revenues of $1,075,995, gross profit of $370,374 and resulting net loss attributable to Mentor of (10.4 cents) per share.

In the quarter ended March 31, 2020, the Company invested an additional $35,334 into a Legal Recovery Purchase Agreement with Electrum Partners, LLC, increasing total legal funding involvement to $575,574. This funding supports their action against Aurora Cannabis Inc., Defendant, pending in the Supreme Court of British Columbia.

As further disclosed in our Form 10-Q, most of the remaining equipment leased to G Farma was repossessed by the Company and sold for $222,031. The remainder of repossessed equipment is held for sale in Company storage with an estimated net realizable value of $40,000. For the approximate $1,045,051 G Farma notes receivable plus the $1,055,680 G Farma finance lease payments remaining, we will continue to pursue legal recovery for breach of contract for non-payment from G Farma and its guarantors.

The effect of the novel coronavirus pandemic (“COVID-19”) has significantly impacted the economy and could materially impact the Company’s business and stock price. Our legal recovery efforts have been and may be further hindered due to the closure of the courts in California and British Columbia, delaying our legal recovery from the G Farma entities and the Company’s interest in the Electrum Partners, LLC legal recovery.

Public health efforts to mitigate the impact of the pandemic could impact our 51% owned subsidiary, Waste Consolidator, Inc. (“WCI”), if its client businesses cannot collect rents and pay WCI invoices. The ultimate impact of COVID-19 on our business is dependent on future developments which are uncertain and cannot be predicted at this time.

Subsequent to quarter end, on April 23, 2020, Mentor received a forgivable Paycheck Protection Program loan of $76,500 from the U.S. Small Business Administration (“SBA”). On May 6, 2020, WCI received a forgivable Paycheck Protection Program loan of $383,342 from the SBA.

Since 2016 the Company’s 100% owned subsidiary, Mentor IP, LLC, has owned a 15.7% interest in a pending United States vape patent application for the delivery during vaping of various percentage concentrations of THC, CBD and other cannabinoids. The patent was granted on January 21, 2020, and issued on May 5, 2020. Additionally, Mentor IP, LLC owns 41.4% of any Canadian patent applications and patents that are derived from the U.S. parent application. On March 23, 2020, Mentor IP, LLC applied for expedited prosecution with the Canadian Intellectual Property Office under the Patent Cooperation Treaty Patent Prosecution Highway Program based on the claims allowed in the corresponding United States vape patent.

The Company had 11,494 shareholders reported as of March 31, 2020, with 22,850,947 shares issued. At March 31, 2020, there were 87,456 Series B warrants outstanding with an exercise price of $0.11 per share, 6,252,954 Series D warrants outstanding with an exercise price of $1.60 per share, and 689,159 Series H warrants that are held by an investment bank at a $7.00 per share exercise price. No equity was granted to directors, insiders, consultants or investor relations firms during the eight quarters ending March 31, 2020. A long-term 300,000 share repurchase plan was authorized in 2014 and, at March 31, 2020, a total of 44,748 shares have been repurchased under the long-term plan. The Company’s shares finished the quarter at a closing price of $0.09 per share representing a market capitalization of $2,056,585 compared to a 2019 year end closing price of $0.12 per share and a corresponding market capitalization of $2,742,114. Mentor’s Series Q Preferred Stock, first sold at $10,000 per share on May 30, 2018, were exchangeable for approximately $14,977 per share in Mentor common shares on March 31, 2020.

The Company is managed by Chairman, CEO, and director Chet Billingsley (67), who founded Mentor Capital first as an acquisition partnership in 1985 and was qualified as a Registered Investment Advisor. He received his undergraduate education at West Point before earning a Master’s Degree in Applied Physics at Harvard University. His early career was at General Electric. Treasurer, CFO, and director Lori Stansfield, CPA (60), was most recently Director of Audit Services for a regional CPA firm. She graduated magna cum laude in accounting and received a Master’s Degree in Marketing from the University of Colorado. Ms. Stansfield is certified as a public accountant in Colorado and California. Secretary and director Robert Meyer (80), director, and Audit Committee member Stan Shaul (55), and director and Audit Committee Chairman David Carlile (64) are independent directors; each has been or is a business owner and major shareholder. Altogether, the directors and officers hold a 21.1% fully diluted interest in Mentor Capital, with Mr. Billingsley’s interest reported at 14.5% on a fully diluted basis as of May 4, 2020.

The Form 10-Q may be referenced on the Company’s web site or through the SEC’s EDGAR system under CIK code 0001599117 at: https://www.sec.gov/edgar/searchedgar/companysearch.html

About Mentor Capital: The Company seeks to come alongside and assist medium sized private companies and their founders in meeting their liquidity and financial objectives, to add protection for investors, and to help incubate private 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 illegality of products, potential of competitive products, services, and technologies, difficulties experienced in product development, in recruiting knowledgeable personnel, in protecting intellectual property, and the effects of negative worldwide economic events, such as the recent coronavirus outbreak. Further information concerning these, and other risks is included in the Company’s Form 10-Q filing.

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
(760) 788-4700
info@mentorcapital.com

Source: Mentor Capital, Inc.

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Mentor Capital Reports 3rd Quarter 2019 10-Q https://ir.mentorcapital.com/news/detail/177/mentor-capital-reports-3rd-quarter-2019-10-q Tue, 12 Nov 2019 14:30:00 -0500 https://ir.mentorcapital.com/news/detail/177/mentor-capital-reports-3rd-quarter-2019-10-q Trailing Revenues Exceed Market Capitalization for M&A Company

SAN DIEGO--(BUSINESS WIRE)-- Mentor Capital, Inc. (OTCQX: MNTR) announced that it had filed its quarterly 10-Q filing for the third quarter ended September 30, 2019, with the Securities and Exchange Commission.

The Company reports that for the quarter ended September 30, 2019 Mentor had revenues of $1,071,337 and gross profit of $248,538 with a resulting net loss attributable to Mentor of ($336,816) or (1.5 cents) per share. This is an increase over the prior quarter ended September 30, 2018, in which Mentor had revenues of $1,031,622 and a decrease compared to the prior year quarter gross profit of $300,501 and resulting net income attributable to Mentor of $77,224 or 0.3 cents per share. For the nine months ended September 30, 2019, Mentor had revenues of $3,177,083 and gross profit of $929,553 with a resulting net loss attributable to Mentor of ($3,151,686) or (13.6 cents) per share. This is a decrease from the nine months ended September 30, 2018 revenues of $3,279,080 and gross profit of $1,024,771, with a net loss attributable to Mentor of ($149,087) or (0.6 cents) per share.

As further disclosed in our 10-Q, due to events transpiring in the first quarter of 2019, the Company was uncertain of G FarmaLabs Limited (“G Farma”)’s ability to perform on its contractual commitments to the Company. On April 24, 2019, the Company learned that because G Farma did not follow its obligations under the Master Equipment Lease and failed to operate in compliance with local and state cannabis laws, certain G Farma assets at G Farma’s corporate location, including approximately $427,804 of Mentor Partner I, LLC (“Partner I”)’s equipment under lease to G Farma, was impounded by the City of Corona. This event significantly impacted G Farma’s financial position and its ability to make payments under the finance lease receivable, and G Farma has not made scheduled payments on the finance lease receivable or the notes receivable since February 19, 2019. Additionally, G Farma continues to hold approximately $792,425 worth of Partner I’s remaining equipment in breach of the Master Equipment Lease which required the immediate return of Partner I’s equipment in the event of default. G Farma also has failed to tender the 288,890 common shares of the Company that G Farma had agreed to resell to the Company on April 18, 2019, in exchange for a payment credit from the Company and has not paid for the stock. Subsequent to September 30, 2019, on October 3, 2019, the Company rescinded the sale and issuance of an aggregate of 288,890 shares of its common stock to G Farma, at an aggregate purchase price of $600,002, due to a complete failure of consideration.

On May 28, 2019, Mentor Capital, Inc. and the Company’s wholly-owned subsidiary, Mentor Partner I, LLC, filed a complaint against G FarmaLabs Limited, G FarmaLabs DHS, LLC, Finka Distribution, Inc., G FarmaLabs WA, LLC, and Goya Ventures, LLC, and three guarantors, GFBrands, Inc., fka G FarmaBrands, Inc., Ata Gonzalez, and Nicole Gonzalez, to the G Farma agreements in the Superior Court of California in the County of Marin. The Company is primarily seeking monetary damages for breach of the G Farma agreements including promissory notes, leases, and other agreements, as well as an action for an injunction to recover leased property, recover collateral under a security agreement, and collect from guarantors on the agreements, among other things. The Company plans to vigorously pursue the litigation.

Based on our estimate of recoverability, the Company recorded a bad debt reserve of $752,148 on the finance lease receivable from G Farma. Bad debt expense for the three and nine months ended September 30, 2019 relating to the G Farma finance lease receivable is $1,084 and $730,469, respectively, and is reflected in operating expenses in our condensed consolidated income statement. We have also fully impaired G Farma notes receivable by $1,045,051, fully impaired our $600,002 contractual interest in the G Farma legal recovery, and fully impaired our $41,600 equity interest in G Farma. The total loss on investments related to G Farma for the three and nine months ended September 30, 2019, was $0 and $1,688,825, respectively, which is reported in loss on investments in our condensed consolidated income statements.

The Mentor Capital, Inc. parent company has no non-affiliate debt. The Company invested $226,021 into cannabis-related companies in the first nine months of 2019. The Company maintained a cash balance of $756,125 at September 30, 2019, compared to a cash balance of $1,470,574 at December 31, 2018. The Company closed the quarter ended September 30, 2019, with a book value of $3,297,322, down from $6,433,840 at December 31, 2018.

The Company had 11,960 shareholders reported as of September 30, 2019, with 23,139,837 shares issued. At September 30, 2019, there were 87,456 Series B warrants outstanding with an exercise price of $0.11 per share, 6,252,954 Series D warrants outstanding with an exercise price of $1.60 per share, and 689,159 Series H warrants that are held by an investment bank at a $7.00 per share exercise price. No equity was granted to directors, insiders, consultants or investor relations firms in the first three quarters of 2019. A long-term 300,000 share repurchase plan was authorized in 2014 and, at September 30, 2019, a total of 44,748 shares have been repurchased under the long-term plan. The Company’s shares finished the quarter at a closing price of $0.17 per share representing a market capitalization of $3,933,772 compared to a 2018 year end closing price of $0.34 per share and a corresponding market capitalization of $7,867,544. As of November 11, 2019, the closing price of the Company’s shares was $0.13 with a corresponding market capitalization of approximately $3,008,179. Mentor’s Series Q Preferred Stock first sold at $10,000 per share on May 30, 2018 were exchangeable for approximately $14,224 per share in Mentor common shares on September 30, 2019.

The Company is managed by Chairman, CEO, and director Chet Billingsley (67), who founded Mentor Capital first as an acquisition partnership in 1985 and was qualified as a Registered Investment Advisor. He received his undergraduate education at West Point before earning a Master’s Degree in Applied Physics at Harvard University. His early career was at General Electric. Treasurer, CFO, and director Lori Stansfield, CPA (60), was most recently Director of Audit Services for a regional CPA firm. She graduated Magna cum Laude in accounting and received a Master’s Degree in Marketing from the University of Colorado. Ms. Stansfield is certified as a public accountant in both Colorado and California. Secretary and director Robert Meyer (80), director and Audit Committee member Stan Shaul (54), and director and Audit Committee Chairman David Carlile (63) are independent directors; each has been or is a business owner and major shareholder. Altogether, the directors and officers hold a 22.94% fully diluted interest in Mentor Capital with Mr. Billingsley’s interest reported at 16.40% on a fully diluted basis as of November 5, 2019.

The Form 10-Q may be referenced through the SEC’s EDGAR system at:
https://www.sec.gov/edgar/searchedgar/companysearch.html

Inputting the company name, Mentor Capital, Inc., or the Company’s CIK code, which is 0001599117, will bring up the report. The 10-Q can also be viewed at the Company’s web site at the Investor’s Corner section under the SEC Filings tab.

About Mentor Capital: The Company seeks to come alongside and assist private companies and their founders in meeting their liquidity and financial objectives, to add protection for investors and to help incubate private companies. In late 2019, the Company expanded its target industry from its primary focus on medical marijuana and cannabis companies to potentially include energy, mining and minerals, technology, consumer products, management services, and manufacturing sectors with the goal of ensuring investment diversification. 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-Q filing which, along with other very important information about the Company, can be found here:
https://ir.mentorcapital.com/all-sec-filings

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
(760) 788-4700
info@mentorcapital.com

Source: Mentor Capital, Inc.

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