Anastas Gegov

Mentor Capital, Inc. (OTCMKTS:MNTR) Climbs On PR

by Anastas Gegov April 14, 2014
1MNTR_chart.pngThe stock of Mentor Capital, Inc. (OTCMKTS:MNTR, MNTR message board) was headed in a general upward direction since it burst out in mid-January. After a good climb in the beginning of March, however, the ticker began to slide and saw a small amount of sessions in the green.

Before the final day of last week the stock had lost a hefty 81% from its $8.29 peak on March 11 and seemed like it was headed for the basement. Still, some optimistic news managed to reverse the trend and MNTR made another big jump.

As last week was coming to a close, MNTR issued a press release mid-day in Friday, which informed us of the company's aspirations to be listed in NASDAQ and in which they bragged about the fact that it has reached the highest of the treen OTC Pink listings, which is like saying you are the best of the worst.

This seems to be the thing driving the 121% jump that the company stock made, shoveling so much shares that they finished Friday with a $2.5 million dollar volume.

The PR also included some optimistic facts from the recent months, like the Bhang Chocolate 60% acquisition and the increase in cash on hand, which as MNTR' says is at $1 million at the moment. They also mentioned that the payment to Bhang Chocolate Company, Inc. Owners for the 60% acquisition can be paid in cash, but it can also be paid in stock, which leads room for thoughts of dilution.

2419LOGO.pngWhat is more interesting, however, is the discrepancy in their statements. First, they said that the 60% acquisition of Bhang will cost the company $39 million and now they say that there are $7.7 million still due and an additional $30 million to be provided over the course of the next two or three years.

Looking back, we remember one of our previous articles where we discussed the company's announcement from the middle of January that they will be funding HempCon, Inc. , which turned out to be false after an iHub user sent an email to HempCon, asking if that can be confirmed and received a simple "Deny" as answer.

This is surely enough facts for you to do your due diligence and weigh out the risks before making an investment decision.

Comments 1

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