Feb 2 2010
Mentor Capital, Inc.'s (Pink Sheets:MNTR) first funding tranche to
extend its investment in its proprietary Cancer Immunotherapy Index
closes today. Cash investment from 1,400 existing shareholders projects
to be approximately 20% oversubscribed from target. Company management
reservation to fund will be correspondingly reduced to remain within the
$1.2 Million seed funding limit. Already authorized follow-on public
funding tranches total an additional $125 Million that will also be
targeted for investment into the best of the Cancer Immunotherapy Index
companies.
By overweighting the investment of this $125 Million into the most
promising Index companies, Mentor Capital seeks to exceed the return of
the equally weighted CI Index. The Cancer Immunotherapy Index has grown
at an annualized 90% rate since its original creation by Mentor Capital
twenty-nine weeks ago.
The current ten CI Index companies that Mentor Capital has invested into
are: Dendreon (NASDAQ:DNDN), Immunocellular Therapeutics, Ltd.
(OTCBB:IMUC), Oncothyreon (NASDAQ:ONTY), Antigenics (NASDAQ:AGEN),
Biovest International (BVTI.PK), Celldex Therapeutics (NASDAQ:CLDX),
Northwest Biotherapeutics (OTCBB:NWBO), CEL – SCI Corp. (AMEX:CVM) and
Generex Biotechnology (NASDAQ:GNBT) as a proxy for its wholly-owned
immunotherapeutic subsidiary, Antigen Express, and Quantum Immunologics,
Inc. a private company. In addition to actively managing its investment
into these companies, Mentor Capital looks to occasionally add emerging
companies to the Index as they reach an adequate size or shift their
immunotherapy emphasis from infectious disease to the cancer fight.
Level II trading charts, financial and other information on Mentor
Capital, plus listings and links to all Cancer Immunotherapy Index
companies may be referenced from the company website: www.MentorCapital.com.
SOURCE Mentor Capital, Inc.