Alpine 4 Holdings Inc (ALPP)

[nsomniyak]

They don't. You have to work through your broker and VStock (the transfer agent - your broker has to send the C shares to CStock, Vstock has to carve off a certificate for the ones you can now sell (25%) and send that back to the broker. VStock will charge a fee of around $80 to $120. From my conversation with someone at VSTock yesterday the amount was not clear (I think it was Schwab that was going to charge me $80, and then VStock $120 - not sure. I know it was "per transaction" and not tied to the number of shares involved.

Actually, I think it is more complicated as Schwab has what is called a "jumbo certificate" for all shares held there.

Eventually I tuned out as it became clear that the fees involved were not worth it for my small holing. Although I hold a lot of ALPP (for me), much of it was acquired after the record date for the C shares and I only have 1000 C shares, of which 250 are now eligibile for conversion to common. I will probably just wait another 3 years and convert all at once since the fee for 1000 shares is the same as for 250. Perhaps in the interim ALPP will find a more shareholder-friendly way of handling this.

Given that it will cost me more than my shares are worth to convert them, I am not going to pursue this any further and won't be putting any more energy into it except trying to talk to IR to express my ffrustration about how cumbersome and expensive this is for small shareholders.