Alpine Group Inc. (fka APNI)

[Renee]

APNI: Final Liquidation ($0.025/shr). Shares Cancelled.

FINRA deleted symbol:

http://otce.finra.org/DLDeletions

[cotf]

APNI - might wanna dump those shares, website news says final distribution @ .025. here's the link: http://www.alpine-group.net/news.htm

[tripil7z]

$APNI took a few down here

[bobkubecka]

EAST RUTHERFORD, NJ, Apr 09, 2013 (Marketwired via COMTEX) -- The Alpine Group, Inc. ("Alpine") (PINKSHEETS: APNI) announced that it has adopted a Plan of Complete Liquidation and Dissolution of the Corporation (the "Plan"). The Plan was approved on January 15, 2013 by its Board of Directors and on April 8, 2013 by written consent of stockholders holding over 50% of our issued and outstanding common stock (par value $0.10 per share) (the "Common Stock"). In accordance with the Delaware General Corporation Law ("DGCL") notice of these actions is being sent to all Alpine stockholders of record. We anticipate filing a Certificate of Dissolution with the Secretary of State of Delaware, which will be the effective date of dissolution under the Plan (the "Effective Date"), on April 29, 2013.
A complete copy of the Plan is available on our website, www.alpine-group.net.

Following the Effective Date and for a period of three years thereafter, Alpine will continue as a corporation for the purpose of implementing the Plan. Pursuant to the Plan and in accordance with the DGCL, Alpine will settle and wind up its business affairs, dispose of its assets, discharge its liabilities and distribute to its stockholders all remaining cash and other assets.

From and after the Effective Date and in accordance with the DGCL, the sole right of holders of the Common Stock will be the right to receive distributions in accordance with the Plan. Alpine will close its stock transfer books and discontinue recording transfers of shares of the Common Stock. Common Stock will not be assignable or transferrable on the books of the corporation except by operation of law or with the consent of Alpine.

Steven S. Elbaum, Chairman and CEO of Alpine, stated that "over the recent past, Alpine has evaluated and determined to neither consummate nor participate in various investment and acquisition opportunities for reasons including valuations, target specific risks and macro economic uncertainties. Additionally, the absence of a liquid trading market negatively impacts marketability of Alpine's shares. Implementation of the Plan is intended to provide liquidity over time for our shareholders and wind down Alpine's operating expenses. While actual timing and results of Plan execution may be different, we are targeting substantial completion of the liquidation process by mid-2014, with periodic distributions to Alpine stockholders."

The Alpine Group, Inc. (PINKSHEETS: APNI) has substantial experience in operating and actively managing companies in which it invests capital. Alpine has focused on industrial and other businesses that are underperforming, experiencing financial constraints and will benefit from operational improvements consolidation and an improved capital structure. Alpine has actively invested in and operated leading domestic and global manufacturers of specialty materials, coatings, wire and cable products and electronic components.



Company Contact:
Steven S. Elbaum
Chairman and Chief Executive Officer
[phone]

[Unflushable]

CAUTION !!!I do believe this is a good long position and if asked I will explain but at present is slightly illiquid and selling will be tough till the stock and the company become followed more . Yes the float is low but volume is lower . I have seen days here where 1000 share purchase moved the pps $.20. then volume dried up for a week .

[bhinde99]

Info on APNI which has has green "STRONG BUY" signal.

Alpine Group Inc
One Meadowlands Plaza
East Rutherford07073
Phone [phone]
http://www.alpine-group.net/

Market cap: 6,087,489
Shares outstanding: 14,847,535
Closely Held Shares: 4,197,708

The Alpine Group, Inc. (Alpine), incorporated in 1957, is a holding company, which has owned and operated industrial and other manufacturing companies. Alpine has invested in and operated domestic and global manufacturers of specialty materials, coatings, wire and cable products and electronic components. At December 31, 2009, Alpine's operations consisted of its 52% ownership in SCL; Exeon Inc. (Exeon), a wholly owned subsidiary; Posterloid Corporation a wholly owned subsidiary, and Wolverine Tube, Inc. (Wolverine). On February 17, 2010, Alpine and another unrelated investor organized ZephRa Energy LLC (ZephRa). ZephRa is a start-up venture focused initially upon the North American renewable energy services market, including engineering, procurement and construction services for wind farm and solar energy projects. Alpine and its co-investor own ZephRa on a 50% / 50% basis.

Year on year Alpine Group Inc had net income fall 8.79% from a loss of 7.80m to a larger loss of 8.49m despite a 237.57% increase in revenues from 36.68m to 123.81m. An increase in the cost of goods sold as a percentage of sales from 92.34% to 100.48% was a component in the falling net income despite rising revenues

[Unflushable]

Nope , it was earnings per share on less shares then OS .

[Unflushable]

It was how they figured market cap . Something about baseing it off less shares then OS or AS .

[otcbargains]

When I first bought this I found something screwy with the share count. I don't even remember what it was but something didn't add up.

[Unflushable]

I knew for 3 months now another improvement shown in the Q would let me know if it was going anywhere soon . Look at her rumble . I will start my position NOW !!!

[Unflushable]

On tdameritrade its a BB . I will look again but I'm pretty sure .

[inspro]

according to yahoo this stock is a pink which is right?

[Knowledge is King]

Bought some APNI @$.33; Q3 EPS $.19; book value $.83



Financials are here:


http://www.alpine-group.net/investorrelations.htm


(COMTEX) B: The Alpine Group, Inc. Posts Third Quarter 2011 Results ( Mark
etwire )


EAST RUTHERFORD, NJ, Nov 15, 2011 (MARKETWIRE via COMTEX) --
The Alpine Group, Inc. ("Alpine") (PINKSHEETS: APNI) today posted
its quarterly financial statements for the three months ended
September 30, 2011 to its Website (www.alpine-group.net).

For the three months ended September 30, 2011 revenues increased
$15.0 million from $32.8 million in 2010 to $47.8 million in 2011,
due primarily to higher copper and silver prices and increased
volumes in the manufacture and sale of copper/silver alloys and
joining materials under a toll agreement with a subsidiary of
Wolverine Tube, Inc. Average silver and copper prices were 105% and
23% higher in the third quarter of 2011, respectively, compared to
the third quarter of 2010. Posterloid's revenues were down 30% in the
third quarter of 2011 compared to the same period in 2010, due to
lower demand in the signage business. For the nine months ended
September 30, 2011 Alpine's revenues increased $62.9 million from
$86.5 million to $149.4 million, due to increased volumes related to
the Wolverine Tube toll agreements and higher copper and silver
prices for the first nine months of 2011 compared to the same period
in 2010. Average silver and copper prices were 100% and 29% higher in
the nine months ended September 30, of 2011, respectively, compared
to the same period in 2010.

For the three month period ended September 30, 2011 Alpine had net
income of $3.4 million on a GAAP basis (including a $3.0 million
after tax non-cash LIFO and mark-to-market hedge inventory gains)
compared to a net loss of $1.1 million for the comparable 2010 period
(including a $1.5 million after tax non-cash LIFO inventory charge).
Third quarter 2011 earnings before interest, taxes and depreciation
(EBITDA) were $0.9 million, an improvement of $0.1 million from an
EBITDA of $0.8 million for the third quarter of 2010. The comparative
quarterly improvement in the 2011 results reflects increased
profitability in Exeon's scrap reclamation and metals' operations
offset by lower earnings in Posterloid's signage business. For the
nine month period ended September 30, 2011 Alpine had net income of
$1.2 million compared to a net loss of $0.2 million for the same
period in 2010 (after excluding certain non-cash charges and gains
for both periods). The net income for the nine months ended September
30, 2011 of $3.2 million on a GAAP basis was due primarily to $2.1
million of after tax non-cash mark-to-market inventory hedge gain.
For the nine months ended September 30, 2011, earnings before
interest, taxes and depreciation (EBITDA) were $2.7 million, an
improvement of $2.2 million from an EBITDA of $0.5 million for the
same period in 2010.

Steven S. Elbaum, Alpine's Chairman and Chief Executive Officer,
stated, "Positive third quarter and year to date operating results,
before non cash LIFO inventory and related adjustments, reflect
improvements at Exeon and Posterloid and extend EBITDA improvements
posted in the second half of 2010. Additionally, Alpine's
majority-owned Synergy Cables' revenue, volumes and EBITDA all
continued to improve comparatively in the third quarter. The
completion of the sale of non-core assets by Synergy has reduced
Synergy's debt and increased stockholders equity to $15 million at
June 30, 2011. Alpine carries its $14 million equity investment in
and $1.5 subordinated loan to Synergy on its balance sheet at zero.
Wolverine Tube emerged from bankruptcy in June as a strengthened and
recapitalized company. Thereafter, Alpine was granted 3.2% of the
outstanding stock of Wolverine, an option to purchase an additional
3.2% of Wolverine's outstanding stock at a $70 million equity value
and other financial incentives linked to Wolverine's future
performance. It is anticipated that Wolverine's shareholders' equity
at June 30, 2011 under 'fresh start' accounting will be approximately
$70 million. I am Chairman of the Board of the reorganized Wolverine
and Alpine continues to perform services under a Management
Agreement."

All statements in this press release other than statements of
historical fact are forward-looking statements within the meaning of
the "safe harbor" provision of the Private Securities Litigation
Reform Act of 1995. These statements are based on management's
current expectations and beliefs and are subject to a number of
factors and uncertainties that could cause actual results to differ
materially from those described in this press release. The
forward-looking statements speak only as of the date of this press
release, and the Company expressly disclaims any obligations to
release publicly any update or revision to any forward-looking
statement contained herein if there are any changes in conditions or
circumstances on which any such forward-looking statement is based.

The Alpine Group, Inc. (PINKSHEETS: APNI) has substantial experience
in operating and actively managing companies in which it invests
capital. Alpine has focused on industrial and other businesses that
are underperforming, experiencing financial constraints and will
benefit from operational improvements consolidation and an improved
capital structure. Alpine has actively invested in and operated
leading domestic and global manufacturers of specialty materials,
coatings, wire and cable products and electronic components.

SOURCE: The Alpine Group, Inc.
Copyright 2011 Marketwire, Inc., All rights reserved

[neophyte184]

Great point bro! Nothing worse than dilution or death spiral debentures to fund an operation. This company is utilizing revs to grow. That's as organic a growth model as you can get. There just might be something here.

[Unflushable]

I also like the ZephRe venture and point out that money from the other companies is funding it , not stock issuance !!!!! A big plus in an OTC stock not to mention APNI is a OTC BB not a pink so financials are audited , thank you very much .

[neophyte184]

Hey Unflushable,

How goes it over here? So have you established a solid contact with their IR as of yet? This stock from the looks of it has been a fantastic flipper stock...the one year chart looks like a friggin EKG readout! LOL

I like the venture witih ZephRa focused on renewable energy. This sector will only grow over time IMO. Fossil fuels are going the way of the buggy whip.

Will be looking further into this one when time permits. GL!

Neo

[Unflushable]

I also looked and APNI is not on DTC chill list . MMTE another stock I own is and all penson and TDAmeritrade will not let you buy . I can sell I just can't add to my position .

[Unflushable]

Agreed and if the next q shows an increase would be nice . Just need info from company and generate awareness . I think its the beginning and no pump as of yet . Ground floor but let's hope it don't go to the basement .

[otcbargains]

Thanks. I only have a small position but am considering buying more. .09 eps for the last q is outstanding. If that truly is the eps. Silver/Copper. Most of these companies have seen big moves.

[Unflushable]

Not yet , called the company and waiting for reply . I was in wolverine tube when it went into BK then tracked it down to alpine cause as they buy a company they reorganize then don't issue shares in that company anymore ,just carry it under alpine . I'm tryin to get this figured but it looks promising especially when you compare the last 2 Q'S . Sell if you want , I wouldn't blame you but this looks to be under construction still . I have not bought yet but the more I do find out the more I want to start my position . I will recall tomorrow and ask your question and get back to you .

[otcbargains]

When i went to their website and looked at the most recent quarterly filing. It said they had 32Mil shares issued and outstanding and then the eps figures were based off of 17 MIL. You have any idea whats up with that?

[Unflushable]

Trying to figure that out my self . But I have to admitt they are just getting started and the balance sheet of 2 of their companies are clean from a BK recently . The range is nice but when it is at the high the buyer's vanish .

[otcbargains]

No wonder my recent purchase gets such little volume. This is a ghost town. In all seriousness, how does this stock trade at such a low valuation?

[bhinde99]

So we have a idea on the share structure. also showing no debt!

Outstanding at December 31, 2010 2,840,819 $ 1.27 6.20 $ 110,598
Canceled ...................................................................................... (11,425) 1.81
Granted ........................................................................................ 75,282 0.39
Outstanding at March 31, 2011 ................................................... 2,904,676 $ 1.25 6.07 $ 1,768
Canceled ...................................................................................... (10,085) 1.73
Granted ........................................................................................ 151,222 0.18
Outstanding at June 30, 2011 ...................................................... 3,045,813 $ 1.19 6.04 $ 8,328
Options exercisable at June 30, 2011 .......................................... 1,683,164 $ 1.78 4.02 —
There were no options exercised during the six month periods ended June 30, 2011 and 2010, respectively.
Total stockholders’ equity ....................................................................................... 11,690 11,966
Total liabilities and stockholders’ equity ............................................................. $ 56,462 $

[Unflushable]

I don't know about trade-in or flipping this but I do like the fact that not only is it a real company with production , but 3 with real production and possibly climbing. And after 2 reorganizations , the balance sheet looks nice . Has a big range but has not been lower then $.20 for a while . A concrete floor if you will .

[daytona45]

hi flush,

just took a quick look at the quarterly; at first sight it seems like a solid building up company.
success to all.

[Unflushable]

Hey man , check out the Q , and the low volume move !!!! How have you been by the way

[Unflushable]

Could be good !!! I was trying to get in @ 20 darn it . Guess I will take it here and if it comes down I will get more .

[bhinde99]

whats this..... volume ?

[Unflushable]

I have gotten through to the company and expect to hear back within the week I hope . As soon as I do I will update the IBOX with information that is given and see where we stand .

[bhinde99]

I agree

Pursuant to the proposed plan of reorganization, all Wolverine existing common and preferred stock
(including options to acquire the same) will be cancelled, and the holders of such stock, including Alpine, will not receive or retain
any property on account of such stock. The timing and final terms for the restructuring of Wolverine are subject to, among other
matters, the detailed terms and conditions of a Plan of Reorganization and its ultimate approval by the Bankruptcy Court. There can
be no assurance that such approval will be obtained. As a result of the aforementioned bankruptcy, Alpine recorded a $2.4 million
loss in the statement of operations during the fourth quarter of 2010, representing its remaining share of Wolverine’s other
compressive losses previously recorded by Alpine. This did not have any impact on Alpine’s total stockholders’ equity

[Unflushable]

All I know so far is shares out is 9.3 million market cap 1.9 but that is with WLVT in BK and we know that is about to end and I dont think APNI is going to fair to bad if wlvtq shares dont live cause that makes them clean and clear of all old debt . AND for traders its right in the middle of the rsi at this moment , been tradeing between .20 and .40 forever

[Unflushable]

Well like im tellin ya , This is not a screaming buy yet but I am digging deep , They are turnning stuff around big time . I just cant get ahold of the main office yet . THATS KEY here i think. Get that share structure first and formost !!!!

[bhinde99]

I like cash too!!!!

[Unflushable]

Im spending the rest of the week calling the company or emailing them to get all the Info I can , I will have it posted as I get it 2 weeks tops I will have this box updated then I dont want to mod i just want to make the cash

[bhinde99]

IF and when this does get some volume, should be easy to push, hard to get a good chart read with the low volume, but 6month chart looks good. Barchrts has a BUY signal on it. if we could find the share structure I'd be interested in the float. bet its really low, also .17 is the 52wk low.

[Unflushable]

Called company # . No answer

[Unflushable]

First thing I will do is update Ibox .

[Unflushable]

This will be a learning curve for me as I have never moderated before but I will keep it as honest as I can.

[Unflushable]

Traders , flippers , and longs are all welcome .

[Unflushable]

I would like to welcom all to this board and ask for honesty and stating facts with links or proof in the I box or makeing it clear your statment is an opinion.

[Unflushable]

I am digging for new long investments and noticed this one . The I box is not up to date