secwatch.observer — SEC 8-K summary
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Issuer:     Mentor Capital, Inc. (MNTR)
CIK:        0001599117
Form:       8-K
Filed at:   2023-10-10T23:59:59+00:00
Accession:  0001493152-23-036697
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mentor Capital sells 51% Waste Consolidators stake for $5M cash + $1M note; cash alone = 500% of market cap
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- Total consideration of $6M: $5M cash received Oct 4, 2023, plus a $1M one-year promissory note.
- Mentor’s market cap was $930,000; cash proceeds alone represent 500% of that value.
- Book value of the sold interest was approximately $1.64M; the cash payment is ~3x book.
- Company plans to redeploy proceeds into classic energy sector (oil, gas, uranium, coal).
- Mentor completed its second stock repurchase program in Q2/Q3 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1599117/000149315223036697/0001493152-23-036697-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1599117/000149315223036697/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-036697

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