Tuesday, January 01, 2019 7:04:21 PM
Posted late 2016 or early 2017
Do LEGAL due diligence
Vern
My communication between Chet Billingsley
So initially sent their Contact Us link an email asking them to to ask their CEO to stop dumping stock and showing weakness in the company. I received the following response....
Dumb CEO here. I obviously need some help and your suggestions are appreciated. I apparently made a mistake and I am thinking out loud with you. For 20 years I have paid myself $104,000 per year (vs $250,000 to $450,000) for other public company CEO’s. I did not issue myself stock options nor shares. I didn’t sell any shares for the preceding 15 years or so before August 2016. I only rewarded myself by increasing the market cap of MNTR from $260,000 to $45,000,000 over a 17 year period. 100% of my family’s net worth was happily tied up in the business of MNTR which was my “bank” storing my families wealth. With two boys in out of state schools and significant medical issues in the family I just had to earn more than $1,300 net per week. So, I researched it and saw that under SEC safe harbor of a 10b5-1 plan I could sell about 5,000 shares each of three days per week out of my 5,000,000 shares. When I started this in August the share price was 30 cents. Now the share price is $2.07/sh. I felt if I was trickling in 15,000 shares per week into the market, that would not interfere with share price growth, which it did not for the 600% growth that following my start of leaking in shares on a level basis.
However, the SEC asks for notice within 48hrs in a Form 4 even if I sell 200 shares. So, you see 6 to 10 share Form 4 sale reports each month even though I am trickling in only a fraction of the ongoing share volume. This looks bad. But, in theory, selling small amounts spread over time is as gentle as possible on the share price. In theory I’m doing what is best, but in practice I do nothing but irritate the heck out of you. I’ll work on it. Thanks for the nudge.
Best in All Things,
Chet Billingsley, Chairman & CEO
? M E N T O R C A P I T A L , I N C. (MNTR)
Post Office Box 1709 ? Ramona, CA 92065
Dir: (760) 788 - 4700 ? Fax: (760) 788 - 2525
$MNTR CEO Chester Billingsley has sold over $1,000,000 of stock.
Must be quite an expensive school lol
And if there are really grotesque medical expenses, what does that say about this CEO's ability to evaluate and purchase medical insurance?
Recent MNTR News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 06/14/2024 07:31:16 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/17/2024 07:46:21 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 05/16/2024 02:28:28 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/08/2024 07:20:53 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/18/2023 09:57:59 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/13/2023 07:51:23 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/13/2023 08:31:53 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/10/2023 06:05:30 PM
North Bay Resources Commences Operations at Bishop Gold Mill, Inyo County, California; Engages Sabean Group Management Consulting • NBRI • Sep 25, 2024 9:15 AM
CEO David B. Dorwart Anticipates a Bright Future at Good Gaming Inc. Through His Most Recent Shareholder Update • GMER • Sep 25, 2024 8:30 AM
Cannabix Technologies and Omega Laboratories Inc. Advance Marijuana Breathalyzer Technology - Dr. Bruce Goldberger to Present at Society of Forensic Toxicologists Conference • BLOZF • Sep 24, 2024 8:50 AM
Integrated Ventures, Inc Announces Strategic Partnership For GLP-1 (Semaglutide) Procurement Through MedWell USA, LLC. • INTV • Sep 24, 2024 8:45 AM
Avant Technologies Accelerates Creation of AI-Powered Platform to Revolutionize Patient Care • AVAI • Sep 24, 2024 8:00 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM