Mentor Capital Revenues Up 18.4% for the 2nd Quarter 2021

CANNANNEW REPORT

Trailing Revenues at 200% of Current Market Capitalization Following Waste Consolidators, Inc. Revenue Growth PLANO, Texas–(BUSINESS WIRE)–$MNTR #Covid–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.…

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Source : Mentor Capital Revenues Up 18.4% for the 2nd Quarter 2021

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