is on cruise control.
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lol
You would be correct re: Sarbanes Oxley
Nov 22
Dear Shareholders,
The journey that Alpine 4, its employees, and its shareholders have been on since its inception in 2014 has been a journey of growth and opportunity. As 2021 ended, the Alpine 4 management team and the Board of Directors recognized that we had crossed a demarcation point in our business operations that required us to move our Company toward Sarbanes-Oxley (SOX) compliance. We hired consultants and have been on an ongoing initiative to accomplish that goal by June 2023. Obtaining SOX compliance will be a big step forward in our global plan to be a top-tier organization. In conjunction with our SOX compliance initiative, we engaged RSM US LLP as our new auditing firm, which was also another big step forward in our growth plan for the future. Changing auditors is always a challenging task. In light of this change, RSM highlighted some suggested changes to non-reoccurring transactions associated with the six companies we acquired in 2021. We, as Management, feel that those changes need to be reflected so that our ongoing future filings would recognize those changes. The culmination of that resulted in us filing last week’s 8k around a future amendment to our 10Qs in 2022 and 10K in 2021. The Company will be able to file the Q3 2022 quarterly report once these amendments are completed. The Company does not take this delay lightly, but we feel it is important to have the amended reports filed. We thank you for your patience and look forward to what 2023 will bring to the Company!
Best regards,
Kent B. Wilson
CEO / President / Founder
No one thinks this is a get rich quick scheme.
But they hope it's not a get poor slowly scheme either.
How bitcoin is mined.
https://www.bankrate.com/investing/what-is-bitcoin-mining/#how
I have a small amount of CLSK right now. Still watching to see how the FTX fiasco will finish up.
I have been in and around crypto for a few years now. It was once thought to be a possible hedge against inflation, but that has turned out to not be the case. It pretty well tracks what the stock market does often. Except, of course, when its own news affects the price ala FTX.
Or at least spin it off as a subsidiary. But that would have meant more capital outlay.
This analysis from last year was behind the shorting that drove the price down IMO.
https://seekingalpha.com/article/4468891-alpine-4-fundamental-review-tailspin-coming
I have seen other small companies who monitor stock message boards. Seems like if they are busy enough to increase their staff, they could hire a social media specialist to do it for them. But when mgmt does it, it's just not a good thing.
Have you noticed that they trademarked this?
America’s Bitcoin Miner™
You really think iHub posts influence a stock price?
Maybe Reddit.
Not iHub. lol
I agree with your take on Brown.
He is a buffoon.
Depends on what point YOU are trying to make by posting it.
Content of the article doesn't match the headline.
HPIL Holding Announces Termination of Stephen Brown as Chief Executive Officer
06/14/2022 | 05:00am EST
HPIL Holding announced that On June 2, 2022, the Chief Executive Officer, and Chairman of the Board of Directors, Stephen Brown, presented a letter of termination to Mr. Lord Ferrox Tutinean due to Mr. Tutinean's failure to adhere to Mr. Tutinean's employment agreement and HPIL's policies. Further, the employment of Mr. Micheal Torrey was terminated on the same day due to Mr. Torrey's failure to adhere to his employment agreement and HPIL's policies. Both Mr. Tutinean and Mr. Torrey have acted in manners against the Company and against the interests of the Company's shareholders.
The Company is in communication with its counsel regarding the outlandish behaviour and misappropriation of company assets and will act in an aggressive manor to secure its properties at hand.
© S&P Capital IQ 2022
Well, it's all really conjecture on my part. No one knows what the company is doing beyond acquiring more mining machines as that's what they have PRed of late. Maybe they figure they can keep the revenue stream up with sheer volume to compensate for the lower bitcoin pricing. Dunno.
I may have said this before, and I don't have any info to support it, but I suspect the lcckdowns of 2020 put a real dent in the original business model. Given the nature of that model and the fact that crypto was going strong, I think CLSK saw a reasonable way to keep the revenue stream going through mining. Given that bitcoin didn't turn out to be a hedge against inflation like everyone thought it might be and that crypto prices started tracking with equities, the bear market really affected bitcoin's price. Also, the FTX fiasco has been a boat anchor as well.
Comprehensive ALPP info here including burn rate::
https://capedge.com/company/1606698/ALPP
5.99/6.00 after hours
Still trades very much like an OTC/pink penny.
Could very well be. Wouldn't surprise me.
It's already subpenny.
Any transactions on the secondary market occur between investors, and the proceeds of each sale go to the selling investor, not to the company that issued the stock or to the underwriting bank.
ouch
New site doesn't have much content at all.
Keeps switching from old to new. Maybe if I cleared cache.
Never mind... website changed between when I posted that link and now.
Whatchoo looking at? I still see it here under Divisions
https://www.hpilholding.ca/
I think you have to be on a pay phone in Vancouver to get in on it....
when is the dividend due? tia
seekingalpha is really down on ALPP.
And yes, I know where that site is coming from.
Oh crap... I forgot what today is.
Arrggh, Little Matey. Avast ye and prepare to walk the plank!!
"Little Stevie"... isn't that a rapper/s name?
Time keeps flowing like a river...
to the sea
"NEXT WEEK" - the popular cliche of the OTC populace. Have heard it for decades.
From other companies, yes....
From the 10K
Working Capital
For the fiscal years ended June 30:
Current Assets
2022 29,888,992
2021 14,135,718
Current Liabilities
2022 3,052,141
2021 1,822,498
Working Capital
2022 26,836,851
2021 12,313,220
Cash Flows
For the fiscal years ended June 30:
Cash Flows used in Operating Activities
2022 (10,177,994)
2021 (7,756,438)
Cash Flows used in Investing Activities
2022 (15,082,714)
2021 (7,083,247)
Cash Flows provided by Financing Activities
2022 41,406,372
2021 26,853,263
Net Increase in Cash During the Period
2022 16,145,664
2021 12,013,578
Future Financings
We will continue to rely on equity sales of our common shares to continue to fund our business operations. Issuances of additional shares will result in dilution to existing stockholders. There is no assurance that we will achieve any additional sales of the equity securities or arrange for debt or other financing to fund planned acquisitions and exploration activities.
Sounds like the old PCBM
STINK GENIE! STINK GENIE! Come on, chant it with me. :)
Well, that seems somewhat extreme.