Company: MNTR
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001641172-25-010157
Chunk: 122

Company: Mentor Capital, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Item 4
Chunk 122
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 market conditions that could impact the price of gold, and a global economic slowdown may cause
disruptions and extreme volatility in global financial markets, increased rates of default and bankruptcy, political change, impact
levels of consumer spending, and may impact our business, operating results, or financial condition. The ongoing worldwide economic
political, and military situations future weakness in the credit markets, and significant liquidity problems for the financial
services industries may also impact our financial condition in a number of ways. For example, current or potential partners and
affiliates may not pay us, or our partners or affiliates may delay paying us or our partners or affiliates for previously purchased
products and services. Our involvement in the classic energy sector may draw political or regulatory scrutiny even if our actions
are entirely legal and beneficial to society. Also, we may have difficulties in securing additional financing in the energy
sector.

Shareholders, directors, partners, professionals,
and employees may disagree with management’s plan and direction for the company.

In any organization, some individuals will have differing
views on the best approach that the Company should follow to optimize results. These differences can sometimes even evolve into personal
conflicts that are a distraction to management. With over four decades of senior management experience current leadership has rarely but
occasionally encountered these sorts of diverging opinions as to how the Company should proceed. Disagreements of this nature have recently
been addressed but may again continue or reappear in the future and randomly over time.

Item 2. Unregistered Sales of Equity Securities
and Use of Proceeds.

On December 14, 2023, our Chief Executive Officer,
Chet Billingsley, exercised 2,000,000 Series D warrants at $0.02 per share. Mr. Billingsley paid the Company $40,000 in cash. This increased
Mr. Billingsley’s share ownership by 2,000,000 common shares, increased the Company’s outstanding shares of common stock to
21,686,105, and decreased the Company’s outstanding Series D warrants to 4,250,000.

On January 11, 2022, our Chief Executive Officer,
Chet Billingsley, exercised 87,456 Series B warrants and 2,954 Series D warrants at $0.11 per share and $1.60 per share, respectively.
Mr. Billingsley paid the Company $14,347 in cash.

The sale of 2,000,000 and 90,410 shares of common
stock