Mentor Capital Posts 40% Annual Revenue Gain in 10-Q

Mentor Capital Posts 40% Annual Revenue Gain in 10-Q
CANNANNEW REPORT

Yearly Sales per Share Approach Seven Times Current Share Price PLANO, Texas–(BUSINESS WIRE)–$MNTR #10Q–Mentor Capital, Inc. (OTCQB: MNTR) announced annualized sales of $0.32 per share against a share price of $0.05 per share in its quarterly Form 10-Q filing for the first quarter ended March 31, 2022, filed with the Securities and Exchange Commission. The Company reports that for the quarter ended March 31, 2022, Mentor had revenues of $1,848,898 and a gross profit of $699,883, with a resulting net loss attributable to Mentor of (0.4 cents) per share. This represents a 40% increase in revenue and a 60% increase in gross profit over the prior-year quarter ended March 31, 2021, in which Mentor had revenues of $1,320,624, gross profit of $436,392, and resulting net loss attributable to Mentor of (0.6 cents) per share. Mentor CEO, Chet Billingsley, attributes the revenue changes to the expansion of the operations of its 51% owned subsidiary, Waste Consolidators, Inc., in the state of Texas. As of the quarter ended March 31, 2022, the Company has invested $396,666 into a Legal Recovery Purchase Agreement with Electrum Partners, LLC increasing total legal funding involvement to $590,694. This funding supports Electrum’s action against Aurora Cannabis Inc., pending in the Supreme Court of British Columbia. On March 31, 2022, 22,941,357 common shares and 11 Series Q convertible preferred shares were outstanding, plus 6,250,000 Series D warrants outstanding with an exercise price of $1.60 per share, and 689,159 Series H warrants that an investment bank holds at a $7.00 per share exercise price. In the first quarter of 2022, Mr. Billingsley exercised 87,456 Series B warrants and 2,954 Series D warrants at $0.11 per share and $1.60 per share, respectively, increasing his share ownership by 90,410 shares. Subsequent to quarter-end, independent director David Carlile completed a market purchase…

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