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Mentor Capital (NASDAQ:MNTR), a micro-cap company with a market capitalization of $1.56 million, saw its Chief Executive Officer Chester Billingsley report purchasing shares of the company’s common stock in a series of transactions this week.
According to a Form 4 filing with the Securities and Exchange Commission, Billingsley bought a total of 41,700 shares of Mentor Capital common stock between September 15 and September 17. The purchases, executed in three separate transactions, were acquired at prices ranging from $0.084 to $0.0858, for a total value of $3,537. The stock, which has gained nearly 29% over the past six months, is currently trading at $0.07, within its 52-week range of $0.03-$0.10. InvestingPro analysis suggests the stock may be undervalued at current levels.
Specifically, Billingsley acquired 10,700 shares on September 15, 15,000 shares on September 16, and 16,000 shares on September 17. Following these transactions, Billingsley directly owns 2,817,296 shares of Mentor Capital, Inc.
The filing also indicates that Billingsley holds 47,274 Series D Warrants, exercisable for common stock at a price of $0.02 per share. These warrants expire on May 11, 2038.
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