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)–$MNTR #Covid–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,…

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Source : Mentor Capital Revenues Up 21.2% for the 3rd Quarter 2021

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