Mentor Capital Moves Up to Fully Reporting with Initial Form 10
November 20 2014 - 11:07AM
Business Wire
Marijuana and Cannabis Funder Continues Upward March Toward
Larger Exchange Listing
Mentor Capital, Inc. (OTC Markets: MNTR) announced that it has
filed its initial Form 10 through the EDGAR system and has opted to
become fully reporting with the SEC. Mentor CEO, Chet Billingsley,
observes, “Over the course of 2014 we have progressively stepped up
our reporting levels from limited information, to current
information, and now, with the completion of two years of financial
audits, to fully reporting status with the SEC. We took this step
earlier than securities law required because in the uncertain
medical marijuana and cannabis sector, detailed and reliable
disclosure is critical, especially to institutional investors.”
The Form 10 is the first of the 10K, 10Q family of ongoing
reports that will now begin to be regularly filed by Mentor Capital
with the SEC. Like with any of these reports, the Form 10 is
subject to comment by the SEC staff. As the comments, if any, are
being resolved, Mentor Capital, Inc. will apply to the OTC Markets
Group to move up to being reported on their OTCQB system, according
to the company.
The Form 10 which includes 2012 and 2013 audited financials,
together with reviewed financials for the first nine months of 2014
can 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 Form 10 can also be viewed at the company’s web site at the
Investor’s Corner section under the Disclosures tab, that is
at:
http://mentorcapital.com/wp-content/uploads/2014/01/Form-10-as-filed.pdf
Mentor Capital intends to release a discussion on its reported
third quarter financial results, November 21, 2014.
About Mentor Capital: By acquisition or stock purchase,
Mentor Capital, Inc. seeks to invest in leading cannabis companies.
Additional important information for investors and founders seeking
expansion funding 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,” or “intends,” 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 activities, problems
securing the necessary financing to continue operations, problems
encountered in commercializing cannabis products, potential of
competitive products, services, and technologies, difficulties
experienced in product development, difficulties in recruiting
knowledgeable personnel and potential problems in protecting
intellectual property. Further information concerning these and
other risks is included in the Company’s Form 10 filing which,
along with other very important information about the Company, can
be found here:
http://mentorcapital.com/disclosures/
The Company undertakes no obligation to update or revise such
forward-looking statements to reflect events or circumstances
occurring after the date of this press release.
Mentor Capital, Inc.Chet Billingsley, CEO(760) 788-4700
Mentor Capital (QB) (USOTC:MNTR)
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