Alpine 4 Holdings Inc (ALPP)

[Renegades17]

Clarification on the accounting system

I think the impression you're giving with your comments (perhaps not your intention) is that there is something wrong with the financial statements. That is simply not true as the auditor, Malone Bailey, issued an unqualified opinion in the most recent 10-K. An acquisitive company like ALPP inevitably will have targets that utilize different accounting systems and software. That doesn't mean the financials aren't being accurately reported. It just means that consolidating the financials takes more time and effort. Given the company's current size and aspirations, it certainly does make sense to standardize systems where possible. That said, this issue should in no way impede the valuation from expanding as the financial statements, to the best of anyone's knowledge, accurately reflect the performance of each subsidiary.

Kent has expressed his desire to have all the subsidiaries utilize Spectrum eBOS for financial reporting and to manage their businesses using a similar set of metrics. This should help facilitate cross-subsidiary interactions and knowledge sharing to improve performance as much as possible. He is actively trying to foster more synergy between the business units and this is an important step.