Alpine 4 Holdings Inc (ALPP)

[Anvil]

Don't take this wrong, I have warmed up to ALPP, but the analysis is totally wrong.

ALPP Q3 net income of $2.8 million is purely driven by the reduction of derivative liability tied to converts. It's real operating income for Q3 was $37k and -$362k for the year.

ALPP's current ratio (current assets/current liabilities) is .5x, which means its current assets can't support current liabilities

ALPP Debt to Worth is negative and the companies net worth is negative.

When looking at company like this, its best to rely of debt/cash flow, that is the multiple of debt to cash flow, our how many years would it take to repay debt.

Given the recent acquisition, the above can't be determined as due to the little info on the annual run rate for the recent acquisition. Safe to say, given the large liabilites, ALPP is extremely leveraged, even for a private equity approach.

Lastly, i would give up on the Verb comparison. Different sectors, business models, growth prospects and management/board talent.