Company: MNTR
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001641172-25-010157
Chunk: 132

Company: Mentor Capital, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Item 1A
Chunk 132
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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.

We face rapid change.

The market for our partners’ and subsidiaries’
products and services is characterized by rapidly changing laws, political climate, technologies, and the introduction of new products
and services. We believe that our future success will depend in part upon our ability to work with companies that develop and enhance
products and services offered in the energy and dispute resolution industries. There can be no assurance that our partners and subsidiaries
will be able to develop and execute products and services or enhance initial products in a timely manner to apply and satisfy customer
needs, achieve market acceptance or address changes in our target markets. Failure to apply and develop products and services and introduce
them successfully and in a timely manner could adversely affect our competitive position, financial condition, and results of operations.

-41-

If we experience rapid growth, we will need
to manage such growth well.

We may experience substantial growth in the size of
our staff and the scope of our operations, resulting in increased responsibilities for management. To manage this possible growth effectively,
we will need to continue to improve our operational, financial and management information systems, will possibly need to create departments
that do