IMO the question of whether or not $ALPP has had good volume or bad volume in recent weeks doesn’t seem particularly important.
OTC tickers often go from zero volume to insane volume in an instant. OTC tickers go from snoozing to being “all the rage” in seconds. It happens all the time.
Essentially that means that when it comes to OTC, historical volume is not an indicator of future volume. ALPP is no exception.
Everyone has seen many charts that look just like ALPPs. There was a big run, followed by a trickle down in PPS. Eventually the PPS bottomed, the chart flattened out. And the next run begins. Particularly with companies that have strong fundamentals.
IMO that’s the key to focus on. Fundamentals are strong at $ALPP and fundamentals always win in the end.
Here are the fundamentals that set ALPP apart from the competition IMO.
First: Growing revenue trend as follows
2018: $14M
2019: $28M
2020: $34M (Q1 -Q3 on track to hit this annual projection)
It should also be noted that $ALPPs original 2020 projection was $50M as presented in the 2019 annual shareholders meeting.
Only due to Covid related delays from customers has the projection been reduced.
Nonetheless, even at $34M, ALPPs revenue trend continues north.
Second: Small share structure.
In the OTC world its common to find companies with o/s of 500M, 1B or more.
With that in mind, ALPPs 113M is quite small. Particularly considering the size of revenue generation.
At 113M o/s ALPPs market cap is under $5M for a company generating $34M. IMO that’s the definition of undervalued.
Even more importantly: ALPP is not in the business of diluting. O/S around the beginning of 2020 was 110M shares. Today it’s 113M shares.
Another reason supporting that ALPP is not in the business of diluting is the A/S raise at the end of 2019.
They raised the A/S from 100M to 125M.
It’s very rare to see such a small raise. Usually Companies raise by hundreds of millions or more.
If ALPP was in the business of diluting, why not raise the A/S more?
The track record is that they raised the A/S only slightly and have not been diluting.
Third: zero convertible debt.
Some shareholders in the marketplace point out that there was some dilution in 2019.
Yes there was. It occurred at the time when all of ALPPs convertible notes came due.
Ok. That was 2019. The conversions are over. The convertible notes are completely gone. The share structure is still quite strong at 125M a/s and 113M o/s. And ALPP is not diluting.
Also, my understanding is that ALPP has no intention of using convertible notes again.
So the fundamentals are: $34M revenue, 113M o/s, zero convertible notes.
It’s a great setup.
On top of that, the company fully intends to complete more acquisitions and has some in the pipeline as we speak.
Any shareholders with questions or concerns about ALPP can call the company and speak to CEO Kent Wilson themselves.
ALPP is one of the most open and transparent companies around. Many shareholders appreciate that. Some don’t. It is what it is.
At the end of the day, the fundamentals and execution here will win.
