Company: MNTR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001620
Chunk: 220

Company: Mentor Capital, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 220
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 or acquire other companies.

We
aim to find energy businesses whose products, managers, technology, or other factors that we like and then acquire or invest in those
businesses. While we are open to investing in a diverse portfolio of entities across the energy sector, there is no certainty that we
will find suitable partners or that we will be able to engage in transactions on advantageous terms with the partners we identify. There
is also no certainty that we will be able to consummate future transactions on favorable terms, or any new transaction at all. To date,
several of our acquisitions/investments have not turned out well for us.

We
may have to work harder to introduce rigor in our transactions.

Many
of the people and entities with whom we engage may not be used to operating in business transactions in a public environment.
Therefore, in order to discharge our fiduciary and disclosure obligations, we may have to work harder to maintain good business
practices. Entities and persons operating in private industry may be unaccustomed to entering into lengthy written agreements or
keeping financial records according to GAAP. Additionally, entities and persons with whom we had engaged may not have paid particular
attention to the obligations including their obligations associated with employee retention tax credit and economic injury disaster
loan programs with which they have agreed in written contracts. We have experienced or may experience differences in this manner
with several different entities with whom we do business, including several entities that failed to comply with common law
contractual obligations, which led us into litigation and other legal remedies.

We
depend on our key personnel and may have difficulty attracting and retaining the skilled staff and outside professionals we need to execute
our growth plans.

Our
success will be dependent largely upon the personal efforts of our Chief Executive Officer, Chet Billingsley. The loss of Mr. Billingsley
could have a material adverse effect on our business and prospects. Currently, we have two full-time employees, and we substantially
rely on the services provided by outside professionals. To execute our plans, we will have to retain our current employees and work with
outside professionals who we believe will help us achieve our goals. Competition for recruiting and retaining highly skilled employees
with technical, management, marketing, sales, product development, and other specialized training is intense. We may not be successful
in employing and retaining such qualified personnel. Specifically, we may experience increased costs in order to retain skilled employees.
If we are unable to retain experienced employees and the services of outside professionals as needed