Stock Buybacks
By The Online Investor Staff, updated Fri., Apr. 19, 4:49 PM
Slide #5. Mentor Capital, Inc.
Company: |
Mentor Capital, Inc. (MNTR) |
$Amount Authorized: |
$3,000,000 |
Buyback Details: |
Mentor Capital, Inc. (OTCQB:MNTR), a classic energy company, in its 2023 10-K, reported cash of $0.10 per share with no net debt versus today's share price of $0.04 per share. During 2023, the Company announced that the theoretical cash breakup value of the business may exceed the price of the stock. In support and response, three directors, including the CEO, purchased a total of 2,128,117 Mentor common shares. Commencing in June 2023, the Company initiated and soon thereafter completed the stock repurchase of the final 255,252 of a 300,000 share repurchase plan. During the fourth quarter of 2023, the Board of Directors of the Company approved a second stock repurchase plan authorizing the Company to repurchase up to 3,000,000 shares of the Company's common stock. The second stock repurchase is anticipated to start during the spring of 2024. |
Mentor Capital, Inc. : trading symbol MNTR
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April 19, 2024 4:49 PM Eastern
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