Alpine 4 Holdings Inc (ALPP)

[alppshareholder2019]

Hi All,

I have been a shareholder since May 2019. I would really love any Class C shareholder's feedback on this DWAC process.

I have xx,xxx class c shares in my brokerage account that are "not DWAC compatible" because of their restricted status. DRS isn't an option either. I've talked to 3 different people at V Stock Transfer, each have given me different information until the last agent advised that ALPP requested that the shares not be DWAC eligible during their creation of Class C. This is not verbatim, but essentially what I was told.

I've talked to my broker, they have tried DWAC twice with no success. I am now at the point of needing to have my broker send me a paper certificate ($500 fee and a 2-4 week wait period before I get the cert), which I then need to send to V Stock Transfer. I've received no reply from Investor Relations via email or twitter. I cc'd them on my email thread with v stock transfer, still nothing. Is anyone else having the same issue?? The 8-k made it seem so easy "just go through the DWAC process", but there is nothing easy about this. There was nothing about paper certificates mentioned in the 8-k, and I feel like ALPP omitted important information intentionally. Perhaps this was done to prevent a run on the stock by those of us with larger positions?

My broker has suggested a $150 service where they "research" and "attempt" removal of restriction of the shares, which then could POSSIBLY be DWAC'd, but it's just a gamble at this point. Not to mention, just that process alone takes 2-4 weeks, and is subject to additional fees from the issuer of the shares. Please help me understand if I am alone in this process or if someone else is experiencing the same issue? Has anyone successfully started a DWAC of their shares, or had their class c share converted to class a?