News 
Market Data 
Discover
Replies to post #1102 on Mentor Capital Inc (MNTR)
January 22, 2014
- SAN DIEGO, Mentor Capital, Inc. (OTCMKTS:MNTR) reports that its proprietary Cannabis Index appreciated 325% during the first three weeks of 2014. The overall positive and profitable experience for marijuana based businesses and taxing authorities alike is thought to be a key driver in this sector-wide advance.
Mentor Capital +561%, Greengro Technologies (OTCMKTS:GRNH) +832%, Cannabis Sativa (OTCMKTS:CBDS) +1240%, and Tranzbyte Corp (OTCMKTS:ERBB) +2541% led the cannabis sector in gains during the 2014 YTD period.
The Cannabis Index combined market capitalization was $3.0 Billion which may be benchmarked against the illegal cannabis market of $50 Billion in the USA. GW Pharmaceuticals (NASDAQ:GWPH) $760MM, Medbox (OTCMKTS:MDBX) $554MM, and Cannavest (OTCMKTS:CANV) $528MM comprise 60.7% of that overall capitalization.
The combined total reported cash held by the twenty-three Cannabis Index member companies was $65.6 Million. This did not include short-term investments nor the Mentor Capital approved capital structure that would generate an additional $140 Million for acquisition and funding in the medical marijuana and cannabis space.
Mentor Capital, Inc. created the Cannabis Index January 1, 2014 and has or will soon hold an investment or maintain a tracking position in all companies in the Cannabis Index which can be found at www.MentorCapital.com. Importantly, 90% or more of the proceeds from the $140 Million in Mentor warrants that are expected to be exercised, are earmarked for investment in private cannabis and MMJ companies. Because of the predominant private company investment focus of Mentor Capital, it is itself included in the Cannabis Index.
January 20, 2014
January 20, 2014 - SAN DIEGO, Mentor Capital, Inc. (OTCMKTS:MNTR) CEO, Chester Billingsley, defines the “Cannabis Cancan” as the pump and dump activity that the securities agencies have warned about for the public marijuana sector.
These can be recognized by the characteristic trading pattern of about a 60% upward sloping chart with lots of trading (the dump) near the top on the way up. This is accompanied by a number of information press releases, ironically much like this one, that get attention but do not themselves indicate an improving bottom line. Invariably, the public hangs on for too long in this up and down chorus line,.
To distance itself from these hurtful practices Mentor Capital, Inc. has taken several preventative steps and invites other cannabis CEOs to strongly consider doing the same. First, the Mentor Capital CEOs shares are locked in an escrow. He has no shares to dump. Second, no shares are issued except for cash or assets. There are just no new 144 shares issued to management, consultants or the board. Third, no IR firm is hired, and in the current market, one would hardly be needed. Finally, the CEO salary is $104,000 per year and has been for 15 years.
As a result of these shareholder defending actions Mentor Capital, Inc. has only six million shares outstanding rather than the more typical cannabis industry norm of hundreds of millions with that associated dilution. If all Mentor warrants are exercised, outstanding shares would expand to 29 Million from the exercise. At that time, the company could then theoretically hold the now projected proceeds of those warrants which would be $140 Million. That is $4.82 per share cash if at a purely theoretical share price of $7.00 per share. 100% of these projected funds are earmarked for cannabis investment and acquisition.
Having negated any pump and dump risk, Mentor Capital’s current warning is for potential shareholders to also avoid any artificially high share price triggered by a potential short squeeze. Approximately one million shares traded in the first two and only hours of Mentor Capital active cannabis related trading. However, according to MC Transfer, shareholders have only deposited two million shares into their brokerage accounts, so far. Until the active float normalizes, market makers may have difficulty covering what they have already sold.
Forward Looking Statements, Safe Harbor and Risk Descriptions are Incorporated by Reference from the MNTR Company Web Site at www.MentorCapital.com .
01/27/14 10:50 PM
IMPORTANT NOTICE: HempCon is solely owned by Mega Productions. It has not been sold to any company.
The agreement by principals and letter of intent outlines that HempCon, Inc. will receive $7.0 Million from Mentor Capital investors plus future public market appreciation for a 100% interest.
