November 29, 2016 - By Richard Conner
Mentor Capital Inc (OTCMKTS:MNTR) continued to ascend in the stock market, during the November 28 trading session, gaining 5.09% in terms of its share value. The stock declined from a share price of $1.27 to $0.81 per share, between the November 21 and 23 trading sessions, following an unimpressive 3Q2016 financial report. However, MNTR has started to regain some of its lost ground, during the last two sessions, but it is yet to be seen if it would sustain its gains.
The company was all set to gain significant attention from the public, with the help of HBO’s Emmy Award Winning series, Vice. The show was to feature Mentor Capital and its client, GreenVision Systems, for the Puerto Rico medical cannabis project, for its November 28 broadcast. However, unfortunately HBO yesterday decided to bump of the broadcast, in favor of special coverage on the recently deceased Cuban leader, Fidel Castro. The November 28th edition of Vice was initially aimed at providing the public with an update on the growth of Mentor Capital and its Puerto Rican project, with GreenVision Systems. The HBO desk has announced that the episode would be rescheduled for sometime later this week or be shifted to the next.
In an earlier press release, Mentor Capital announced that its CEO, Chet Billingsley, was interviewed on location, in Puerto Rico and also provided an analysis and scope of the market, in the region. The company also noted that its efforts in the region would help counter funding for the criminal sector, create jobs and generate tax revenues for the government. The release also outlines the scope and possible opportunities available for its client.
“Upon the effectiveness of a registration statement with the SEC by GreenVision, Mentor Capital, Inc. intends to dividend its GreenVision ownership out to Mentor’s approximately 4,000 shareholders to allow them to directly participate in ownership of the Puerto Rican cannabis business in addition to their Mentor holdings” stated Mr. Billingsley.
“Producer Seth Dalton interviews GreenVision’s management team about the emphasis on the medical cannabis industry in Puerto Rico since Governor Alejandro García Padilla’s emergency decree July 8th 2016 legalizing medical cannabis in Puerto Rico,” stated StereoVision CEO Jack Honour. “GreenVision’s COO Walter Marrero Melendez Esq., an attorney and former criminal judge in Puerto Rico, and for the last ten years a leading advocate for the legalization of cannabis and hemp products, speaks at length about the many economic opportunities with cannabis.”
Mentor Capital is in the business of providing assistance to private marijuana companies, in meeting their financial and liquidity objectives. Moreover, the company also provides incubation services for private companies, allowing them to grow. Although MNTR recently recorded a 26% increase in its book value, for the 3Q2016, it is yet to report a profit. Added to this, the company has also increased the number of common shares outstanding, during the same period. Following the legalization of marijuana in several US states, it is expected that the company’s prospects might improve locally, but that is yet to be seen.
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