Company: MNTR
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001493152-25-011889
Chunk: 137

Company: Mentor Capital, Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 1A
Chunk 137
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 a fully
diluted basis. Together with other members of the Company’s Board of Directors, the management of the Company owns approximately
15.12% 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.

-42-

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.

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