Mentor Capital Moves to OTCQB Venture Stage Market Feb 10th
February 09 2015 - 8:05AM
Business Wire
Cannabis M&A Leader Continues Path Toward Larger Exchange
Listing
Mentor Capital, Inc. (OTC Pink: MNTR) reports it received
confirmation from OTC Markets Group that on February 10, 2015,
Mentor Capital will move up to the OTCQB venture stage marketplace
for early stage and developing companies under the newly modified
ticker (OTCQB: MNTR). Mentor Capital CEO, Chet Billingsley,
observes, “As we move to provide significant public market
liquidity for medical marijuana company founders, it is important
for participating institutional and public investors to have
confidence in those associated cannabis related business
disclosures. Mentor will now be able to provide that transparency
into the otherwise uncertain marijuana sector by the combination of
the required OTCQB certification, OTC Markets company profile
postings, full EDGAR SEC reporting, and the SEC recognition of
OTCQB as an Established Public Market.”
At this milestone, Mentor Capital is pleased to recall that in
the fifteen years since the company reorganized in 2000, the market
capitalization of the firm has increased 4,850% which corresponds
to a 29.5% annualized growth, although future results will
vary.
To ensure that certain shareholders, or often their estates,
still holding residual warrants from the year 2000 have an
alternative opportunity to participate in the historical upside in
value that has occurred over time, the company is authorizing a
partial redemption, all as provided in the reorganization order, of
up to 1% per month of any unexercised warrants from 2000, if any.
The ordered redemption price is 10 cents per warrant which may be
paid by the company or its shareholder designees and flows through
to the original holder or estate. During ongoing months, designees,
if any, may exercise the redeemable warrants, if any, at 50% of the
closing bid price at the end of the preceding month. Certain
shareholders to whom this partial redemption may apply will be
further noticed at their last known address with participation
details, if any, all in accordance with the reorganization
order.
About Mentor Capital: The company seeks to take
significant positions in medical marijuana and cannabis companies
to both provide public market liquidity for founders and to
incubate private cannabis companies that have the potential to be
spun off as stand-alone pubic companies. Additional important
information for investors is presented at:
www.MentorCapital.com.
This press release is neither an offer to sell, nor a
solicitation of offers to purchase, securities.
Forward Looking Statements: This press
release contains forward-looking statements within the meaning of
the federal securities laws, including statements concerning
financial projections, financing activities, corporate
combinations, product development activities and sales and
licensing activities. Such forward-looking statements are not
guarantees of future results or performance, are sometimes
identified by words of condition such as “should,” “could,”
“expects,” “may,” “intends,” “seeks,” “looks,” “moves,” or “plans”
and are subject to a number of risks and uncertainties, known and
unknown, that could cause actual results to differ materially from
those intended or anticipated. Such risks include, without
limitation: nonperformance of investments, partner and portfolio
difficulties, potential delays in marketing and sales, problems
securing the necessary financing to continue operations, problems
involving continued illegality of cannabis products, potential of
competitive products, services, and technologies, difficulties
experienced in product development, in recruiting knowledgeable
personnel and in protecting intellectual property. Further
information concerning these and other risks is included in the
Company’s Form 10 filing which, along with other very important
information about the Company, can be found here:
http://mentorcapital.com/disclosures/
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, CEO760-788-4700
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