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Mentor Capital Files 10-Q with Growing 12 Month Trailing Revenue of $2.5 Million

Mentor Capital, Inc. (OTCQB: MNTR) announced that it has filed its quarterly 10-Q filing for the third quarter ending September 30, 2015 with the SEC.

The Company reports that for the three months ended September 30, 2015 Mentor had revenues of $669,263 and a gross profit of $246,839 with a resulting net loss of ($161,947) or (1.0 cents) per share. This is an improvement from the three months ended September 30, 2014 revenues of $546,215 and a corresponding loss of (1.3 cents) per share. For the nine months ended September 30, 2015 Mentor had revenues of $1,871,500 and a gross profit of $722,477 with a net loss of ($350,891) or (3.5 cents) per share. This is an improvement over the nine months ended September 30, 2014 revenues of $1,546,128. For the nine months ended September 30, 2014 Mentor experienced a net loss of ($11,268) or (0.1 cents) per share due to a one-time non-cash gain of $1,250,964 on its purchase of a majority interest in a subsidiary which was partially offset by one-time loan costs of $635,851.

The Mentor Capital, Inc. parent company has no non-affiliate debt, and raised $313,407 from approximately 34 shareholders during the nine months ended September 2014 under the authority of an 11 USC 1145 order. $96,166 was invested into cannabis related companies during that nine month period and the Company maintained a cash balance of $199,818 at September 30, 2015 compared to $326,228 at December 31, 2014. The Company closed the quarter ended September 30, 2015 with a book value of $3,628,694 up from $3,106,902 at the end of 2014.

The Mentor Capital, Inc. transfer agent reports 4,397 shareholders as of September 30, 2015, with 16,023,123 shares issued. There are 12,941,554 Series D warrants outstanding at the September 30, 2015 quarter-end at a strike price of $1.60 per share, and 689,159 Series H warrants are held by an investment bank at a $7.00 per share strike price. During the first nine months of 2015, no unordered or unregistered share offerings were made and no equity was granted to directors, insiders, consultants or investor relations firms. A long-term 300,000 share repurchase plan was authorized in 2014 and during the three months ended September 30, 2015 11,000 Mentor shares were repurchased out of the open market resulting in a total of 44,748 shares repurchased under the long-term plan. The Company’s shares finished the quarter at a closing price of $0.50 per share representing a market capitalization of $8,011,562 compared to a 2014 year ending closing price of $0.60 per share and a corresponding market capitalization of $8,689,929.

The Company is managed by CEO, Chet Billingsley (63), who founded Mentor Capital first as an acquisition partnership in 1985. He was qualified as a Registered Financial Advisor and received his undergraduate education at West Point before receiving a Master’s Degree in Applied Physics at Harvard University. CFO, Lori Stansfield, CPA (56) 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 from the University of Colorado. Ms. Stansfield is certified as a public accountant in both Colorado and California. The four non-officer directors are independent and each has been or is a business owner and major shareholder. Altogether, the directors and officers hold a 31.54% interest in Mentor Capital with Mr. Billingsley’s interest reported at 24.66%.

On March 11, 2014 Mentor entered into an agreement with Bhang Corporation, and paid Bhang $1,500,000 between then and May 9, 2014. On June 24, 2014, Bhang repudiated the contract, giving Mentor nothing, but refused to return the $1,500,000 paid to Bhang and its owners. On August 11, 2014, Mentor filed a complaint in Federal District Court for the Northern District of California for rescission to seek a return of the $1,500,000. As directed by the court, arbitration has been initiated with the American Arbitration Association and a panel of arbitrators has been appointed. Arbitration is scheduled to occur in early February 2016. Until the matter is resolved, Mentor considers the $1,500,000 invested in Bhang as an investment for which it must make periodic disclosures.

The 10-Q includes September 30, 2015 unaudited financials and can be referenced through the SEC’s EDGAR system at:

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

About Mentor Capital: The Company seeks to come alongside and assist medical marijuana and cannabis companies and their founders in meeting their financial objectives, to add protection for investors and to help incubate private cannabis companies. Additional important information for investors is presented at:

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 10-K and 10-Q filings including the Company’s most recent Quarterly Report on Form 10-Q for the quarter ended September 30, 2015 which, along with other very important information about the Company, can be found filed with the SEC and here:

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


Mentor Capital, Inc.
Chet Billingsley, CEO
(760) 788 - 4700

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