Mentor Capital Buys Back 11.6% of Its Outstanding Stock
Mentor Capital, Inc. (OTCQB: MNTR) has announced a significant stock repurchase program, buying back 2,855,712 shares, which represents 11.6% of its previously outstanding stock. This marks the company's third stock buyback, aimed at returning cash from operations and business sales to shareholders. Notably, Mentor Capital is debt-free and holds net cash and equivalents approximately double the combined share price of all remaining outstanding shares.
The company is actively seeking to invest its funds in profitable private fossil fuel, uranium, and related companies or their royalties. Mentor Capital encourages owners of such energy ventures interested in public market participation to contact their senior management directly.
Mentor Capital, Inc. (OTCQB: MNTR) ha annunciato un significativo programma di riacquisto di azioni, riacquistando 2.855.712 azioni, il che rappresenta l'11,6% delle sue azioni precedentemente emesse. Questo segna il terzo riacquisto di azioni dell'azienda, volto a restituire denaro dalle operazioni e dalle vendite aziendali agli azionisti. È importante notare che Mentor Capital è senza debiti e detiene liquidità netta e equivalenti circa il doppio del prezzo di tutti i restanti titoli in circolazione.
L'azienda sta attivamente cercando di investire i propri fondi in aziende private profittevoli nel settore dei combustibili fossili, uranio e aziende correlate o nelle loro royalty. Mentor Capital incoraggia i proprietari di tali iniziative energetiche che sono interessati a partecipare al mercato pubblico a contattare direttamente il loro management senior.
Mentor Capital, Inc. (OTCQB: MNTR) ha anunciado un importante programa de recompra de acciones, comprando 2,855,712 acciones, lo que representa el 11.6% de sus acciones previamente emitidas. Esto marca la tercera recompra de acciones de la compañía, destinada a devolver efectivo de las operaciones y ventas comerciales a los accionistas. Cabe destacar que Mentor Capital está libre de deudas y posee efectivo neto y equivalentes aproximadamente el doble del precio combinado de todas las acciones restantes en circulación.
La empresa está buscando activamente invertir sus fondos en empresas privadas rentables de combustibles fósiles, uranio y relacionadas o en sus regalías. Mentor Capital anima a los propietarios de tales iniciativas energéticas que estén interesados en participar en el mercado público a contactar directamente a su alta dirección.
멘토 캐피탈, Inc. (OTCQB: MNTR)가 중요한 자사주 매입 프로그램을 발표했습니다. 2,855,712주를 재매입하며, 이는 이전에 발행된 주식의 11.6%에 해당합니다. 이는 회사의 세 번째 자사주 매입으로, 운영 및 사업 매출에서 발생한 현금을 주주에게 환원하기 위한 것입니다. 특히, 멘토 캐피탈은 부채가 없으며 남아 있는 모든 주식의 대략 두 배에 달하는 현금과 현금성 자산을 보유하고 있습니다.
회사는 수익성 있는 민간 화석 연료, 우라늄 및 관련 회사 또는 그들의 로열티에 자금을 투자할 적극적인 움직임을 보이고 있습니다. 멘토 캐피탈은 공개 시장 참여에 관심이 있는 에너지 사업 소유자들이 직접 고위 경영진과 연락할 것을 권장합니다.
Mentor Capital, Inc. (OTCQB: MNTR) a annoncé un programme significatif de rachat d'actions, rachetant 2,855,712 actions, ce qui représente 11,6% de ses actions précédemment en circulation. Cela marque le troisième rachat d'actions de l'entreprise, visant à restituer des liquidités provenant des opérations et des ventes commerciales aux actionnaires. Notons que Mentor Capital est sans dettes et détient des liquidités nettes et des équivalents environ le double du prix combiné de toutes les actions restantes en circulation.
L'entreprise cherche activement à investir ses fonds dans des entreprises privées rentables dans le secteur des combustibles fossiles, de l'uranium et des entreprises connexes ou leurs redevances. Mentor Capital encourage les propriétaires de telles initiatives énergétiques intéressés à participer au marché public à contacter directement leur direction.
Mentor Capital, Inc. (OTCQB: MNTR) hat ein bedeutendes Aktienrückkaufprogramm angekündigt und kauft 2,855,712 Aktien zurück, was 11,6% der zuvor ausgegebenen Aktien entspricht. Dies ist der dritte Aktienrückkauf des Unternehmens, der darauf abzielt, Bargeld aus dem Betrieb und dem Verkauf von Geschäften an die Aktionäre zurückzugeben. Bemerkenswert ist, dass Mentor Capital schuldentfrei ist und Nettobarmittel und -äquivalente ungefähr das Doppelte des kombinierten Aktienkurses aller verbleibenden ausgegebenen Aktien halten.
Das Unternehmen ist aktiv auf der Suche, seine Mittel in profitable private Unternehmen im Bereich fossile Brennstoffe, Uran und verwandte Unternehmen oder deren Lizenzgebühren zu investieren. Mentor Capital ermutigt die Eigentümer solcher Energieprojekte, die an einer Teilnahme am öffentlichen Markt interessiert sind, direkt mit dem oberen Management in Kontakt zu treten.
- Repurchased 11.6% of outstanding shares, potentially increasing shareholder value
- Debt-free status indicates strong financial health
- Net cash and equivalents approximately double the combined share price of remaining shares
- Actively seeking investment opportunities in profitable energy ventures
- None.
Remaining Net Cash Exceeds
Mentor is debt free and has net cash and equivalents which approximately equal twice the combined share price of all remaining Mentor Capital outstanding shares. Mentor seeks to apply these funds and others, to support owners of profitable private fossil fuel, uranium, and related companies or their royalties. Owners of these sort of energy ventures that wish to transition or continue to direct their business, with the added advantages of public market participation, are encouraged to contact Mentor directly to talk to our senior management.
About Mentor Capital: The Company seeks to come alongside and assist private companies and their founders and investors in meeting their liquidity, equity financing, and acquisition objectives. Mentor is currently focusing its new efforts on adding assets in the classic energy sectors of uranium, coal, oil and gas. Additional important information for investors and shareholders can be found at the Company's website: www.MentorCapital.com .
This press release is neither an offer to sell nor a solicitation of offers to purchase securities.
Forward-Looking Statements: This press release contains forward-looking statements within the meaning of federal securities laws, including statements concerning financial projections, financing activities, corporate combinations, product development activities, and sales and licensing activities. Such forward-looking statements are not guarantees of future results or performance and are sometimes identified by words of condition such as "should," "could," "expects," "may," "intends," "seeks," "looks," "moves," or "plans" and are subject to a number of risks and uncertainties, known and unknown, that could cause actual results or direction to differ materially from those intended or anticipated. Such risks include, without limitation: nonperformance of investments, partner and portfolio difficulties, potential delays in marketing and sales, problems securing financing, the potential of competitive products, services, and technologies, difficulties experienced in product development, in recruiting and retaining key and knowledgeable personnel, in protecting intellectual property, and the effects of adverse worldwide economic events, such as the coronavirus recovery, government regulations, ESG challenges, energy regulations, and inflation. Further information concerning these, and other risks is included in the Company's Form 10-Q and Form 10-K filings, which, can be found at: https://ir.mentorcapital.com/all-sec-filings
The Company undertakes no obligation to update or revise such forward-looking statements to reflect new information, events, or circumstances occurring after the date of this press release.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241021978489/en/
For further information, contact:
Mentor Capital, Inc.
Chet Billingsley, CEO
(760) 788-4700
info@mentorcapital.com
Source: Mentor Capital, Inc.
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