Billingsley Chester 4

What Happened
Billingsley Chester, CEO of Mentor Capital, reported three open-market purchases (transaction code P): 2,000 shares at $0.09 on 2026-02-03 (reported $180), 2 shares at $0.09 on 2026-02-04 (reported $0), and 1,000 shares at $0.08 on 2026-02-05 (reported $85). Aggregate reported purchases total 3,002 shares for $265. These were purchases (insider buying).

Key Details

• Transaction dates and prices:
  • 2026-02-03: 2,000 shares @ $0.09 (reported $180)
  • 2026-02-04: 2 shares @ $0.09 (reported $0)
  • 2026-02-05: 1,000 shares @ $0.08 (reported $85)
• Aggregate: 3,002 shares; reported aggregate value $265.
• Shares owned after the transactions: Not disclosed in the provided filing details.
• Transaction code: P = Purchase (open market or private purchase).
• Timeliness: Form 4 filed 2026-02-05 covering transactions on Feb 3–5; filing appears timely (Form 4s are generally due within two business days).
• Notable footnotes from the filing:
  • F1: Series Q Preferred Stock is convertible into Common Stock at the holder’s option, anytime before redemption, at no additional cost; no expiration date.
  • F2: The Series Q Conversion Value is recalculated quarterly per the Certificate of Designation; the conversion price is 105% of a designated closing price. As of 2025-12-31, 11 Series Q shares were eligible to convert into 2,592,159 common shares. The filing does not specify whether Chester holds any Series Q shares.

Context
These purchases are small in dollar terms (collectively $265) and represent insider buying, which some investors view as a positive signal but does not on its own prove a change in company prospects. The filing’s footnotes describe complex conversion mechanics for Series Q preferred shares; those conversion terms may affect potential future common share dilution but are separate from the small open-market purchases reported here.