Alpine 4 Holdings Inc (ALPP)

[Anvil]

Agreed, JMO, the accounting process/team sounds to be in complete disarray and cash forecasting probably suffered causing the need for the loan. The new CFO needs to get this cleaned up asap.

During the quarter ended September 30, 2023, the Company experienced a turnover of certain members of the internal accounting staff, including the Corporate Controller and several subsidiary Controllers. Additionally, following the quarter ended September 30, 2023, the Company’s accounting staff has expended significant time working on capital raising transactions, including updating and amending a Form S-1 registration statement (File No. 333-273744) filed pursuant to the Securities Act of 1933 (the “S-1”).

The preparation of the Form 10-Q for the fiscal quarter ended September 30, 2023, was delayed due to the need for the Company’s accounting staff to absorb the duties of the terminated staff, as well as the significant amount of time the accounting staff expended during and after the close of the quarter in negotiating and providing information in connection with the capital raising transactions, as well as updating the S-1. As such, the Company needs additional time to complete and file the Form 10-Q.