InvestorsHub Logo
Followers 0
Posts 15
Boards Moderated 0
Alias Born 09/14/2022

Re: November61 post# 70549

Wednesday, 02/01/2023 6:51:41 PM

Wednesday, February 01, 2023 6:51:41 PM

Post# of 72955
Part of the delay was for sure due to Alpine 4 not communicating with VStock Transfer effectively so that they could relay proper conversion steps to shareholders. I understand it is not their responsibility to handhold, but it feels like they mislead investors by pointing us towards the DWAC transfer method when in fact that wasn't possible without everything else I outlined.

Ian K. owned up to that in an email discussion with me. He did say that the steps would be revised on the website which I have yet to see (https://alpine4.com/investors/shares-conversion). I haven't filled out that page in a while, but from memory, you receive a form to initiate a DWAC transfer which is completely irrelevant to class c shareholders.

The 8-k makes a very loose reference to rule 144 (https://fintel.io/doc/sec-alpine-4-holdings-inc-1606698-8k-2022-august-30-19234-4870), but there is a lot more than meets the eye.

So yeah, I think at least 1-2 months of the delay was due to ALPP not providing clear guidance and setting expectations in a very unrealistic manner. When calling my broker, they advised that this whole process would take 4-6 weeks on average, yet Ian told me that class c shareholders had already initiated and successfully converted their holdings within 2 weeks of September 6th which I called BS on ha. Idk man...I am just glad to be done with this for now. Again, I would recommend you start the process just to have them tradable. Is it worth $500-600 to you is the question. Good luck friend.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent ALPP News