Mentor Capital, Inc. Chairman and CEO, Chet Billingsley, Discusses Exciting Company Growth with Everett Jolly on Uptick Newswire’s “Stock Day” Podcast
PHOENIX, Aug. 20, 2018 (GLOBE NEWSWIRE) -- Mentor Capital, Inc., just uplisted recently with their ticker symbol now at OTCQX:MNTR.
Everett Jolly indicated that today’s guest hasn’t been on the show for a couple of years, but that he’s super excited to have them back. He introduced Mentor Capital, Inc. Chairman and CEO, Chet Billingsley, who after West Point received his Master’s degree at Harvard, with an investment background after his years at General Electric. So, he’s now focusing his energies in the cannabis sector, which will make for an interesting interview. “Chet, welcome to the show! What exactly does Mentor do? Draw us out a road map of who you are and where you’re going.”
For 32 years, the Company has been providing advice and financing for companies, starting in Silicon Valley, then to San Diego into the biotech sector in particular for cancer. Then the Company shifted to a cancer-focused medical marijuana investment, which brought them into the cannabis sector. They are currently looking at the larger cannabis companies who have the potential to go public and Mentor Capital helps them set up their financial and legal structure. During this process, they then get funding and act much as a public company under Mentor’s umbrella, providing liquidity along with the ability to make some strategic decisions. When those companies are ready, they can spin-off as stand-alone public companies with Mentor’s 13,000 investors who might be particularly interested in the cannabis sector.
Jolly commented that the Company just filed its 10-Q during the Second Quarter and asked the CEO for more information. Billingsley responded that it was a 60% year-over-year growth in revenue. Also, moving up to the OTCQX arena has special significance with the SEC. It now makes it easier for the Company to talk with some of the larger brokerages that normally can’t talk to anyone, say, in the normal Pink Sheets.
“Chet, you’ve been in the cannabis industry now since 2013. What changes do you see coming and what changes have you already seen?”
Billingsley revealed that, “The key change that people should look for is in the financing. Back in 2014, it was family and friends. Even as recently at 2017, it was angel investors making investments of a million or so. And, just in the very end of 2017, about November on and in 2018, larger money is coming in family offices and hedge funds. Some of these investments are in the hundred million range and the average investment this year compared to last year is 40 times as large. . .That change is very significant. So, anybody that is a larger company should be moving to link up with larger amounts of money. And the time is now because there’ll be a shake-out of the larger brands that will be established. And that’s part of what we’re trying to do.”
As for the future, Billingsley stated that with a rescheduling by the DEA and only then will “the real” Wall Street step in, meaning Goldman Sachs and others. These are companies with literally trillions of dollars who are investing in liquor, but not yet in the cannabis sector.
“In closing, somebody’s listening to this interview. Why should they go out and buy your stock?” Jolly asked.
The fact that Mentor Capital is now on the OTCQX represents our original goal, which was to bring professionalism and integrity to the cannabis market. Billingsley closed with, “A rising tide floats all boats and the tide is coming in. Now’s a good time to be here.”
For more information about the Company’s financial details, listen to the full interview at the link below:
https://upticknewswire.com/featured-interview-ceo-chet-billingsley-of-mentor-capital-inc-otcqx-mntr/
About Mentor Capital:
Mentor Capital, Inc. (MNTR) is a public operating company that invests in its larger pre-IPO cannabis related acquisitions and fundings. Mentor takes a significant position in the various members of our family of participating companies, but leaves operating control in the hands of the cannabis company founders. This allows cannabis founders to continue to lead and grow their businesses with the funding, acquisition currency and benefits of working within the public environment. Investors also may find liquidity if they choose to exchange all or part of their ownership for Mentor shares. The Company seeks to come alongside and assist private medical marijuana and cannabis companies and their founders in meeting their liquidity and financial objectives, to add protection for investors and to help incubate private cannabis companies.
Contact:
Chet Billingsley, Chairman and CEO
Mentor Capital, Inc.
P.O. Box 1709
Ramona, CA 92065
(760) 788-4700
https://www.mentorcapital.com/
Safe Harbor Act and Forward-Looking Statements:
This press release includes “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Actual results may differ from expectations and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Additional information concerning these and other risk factors are contained in the Company’s most recent filings with the Securities and Exchange Commission. The Company cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. The Company does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in their expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law.
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SOURCE:
Uptick Newswire
https://upticknewswire.com/
Released August 20, 2018