Company: MNTR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001620
Chunk: 221

Company: Mentor Capital, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 221
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, we may be unable to execute our
business plan.

Founder
and CEO Chet Billingsley, along with other members of the Company’s Board of Directors, have considerable control over the company
through their aggregate ownership of 14.48% of the outstanding shares of the Company’s Common Stock on a fully diluted basis.

As
of March 28, 2025, Mr. Billingsley owned approximately 8.38% of the outstanding shares of the Company’s Common Stock on a fully
diluted basis. Together with other members of the Company’s Board of Directors, the management of the Company owns approximately
14.48% of the outstanding shares of the Company’s Common Stock on a fully diluted basis. Mr. Billingsley holds 47,274 Series D
warrants, exercisable at $0.02 per share. Marcia Meyer, and Lori Stansfield, directors of the Company, hold an aggregate of 628,955 Series
D warrants exercisable at $0.02 per share. Due to the large number of shares of Common Stock owned by Mr. Billingsley and the directors
of the Company, management has considerable ability to exercise control over the Company and matters submitted for shareholder approval,
including the election of directors and approval of any merger, consolidation or sale of substantially all of the assets of the Company.
Additionally, due to his position as CEO and Chairman of the Board, Mr. Billingsley has the ability to control the management and affairs
of the Company. The Company’s directors and Mr. Billingsley owe a fiduciary duty to our shareholders and are required to act in
good faith in a manner each reasonably believes to be in the best interests of our shareholders. As shareholders, Mr. Billingsley and
the other directors are entitled to vote their shares in their own interests, which may not always be in the interests of our shareholders
generally.

9

There
is a limited market for our Common Stock.

Our
Common Stock is not listed on any exchange and trades on the OTC Markets OTCQB system. As such, the market for our Common Stock is limited
and is not regulated by the rules and regulations of any exchange. Freely trading shares of even fully reporting OTCQB companies like
ours receive careful scrutiny by brokers who may require legal opinion letters, proof of consideration, medallion guarantees, or expensive
fee payments before accepting or declining share deposits. Further, the price of our Common Stock and its