Mentor Capital, Inc. Funds Completion of 12.5% Stock Buyback
SAN DIEGO--(BUSINESS WIRE)-- Mentor Capital, Inc. (OTCMKTS:MNTR) has deposited funds with its broker to complete the final tranche of its multi-year stock repurchase program. In 2008, Mentor Capital, Inc. committed to the repurchase of 12.5% of its then outstanding common stock and is positioned to wrap-up that stock buy-back now.
The purpose of the stock repurchase program is to efficiently provide a small amount of regular liquidity to Mentor shareholders.
In analyzing the stock repurchase decision, Mentor Capital notes that then and now, the Company cannot first reduce interest on debt, because it has none.
Mentor Capital, Inc., by acquisition or stock purchase, seeks to invest in leading-edge private and public cancer companies, and certain other situations.
Forward Looking Statements, Safe Harbor and Risk Descriptions are Incorporated by Reference from the MNTR Company Web Site at www.MentorCapital.com.
Mentor Capital, Inc.
Chester Billingsley, CEO
Source: Mentor Capital, Inc.
Released September 5, 2013