The ALPP business model is nothing new as you probably know. Conglomerates were popular with investors in the 60s. Interest in them started to wane in the 70s and 80s. There has been a fairly recent resurgence in what's considered the modern conglomerate with more of a centric approach taking advantage of new technology and a more direct focus on the synergistic benefits as ALPP is touting. A simple broad spectrum diversification approach is no longer of interest.
Having the benefit of knowing what companies they are planning to acquire, I have been able to study the benefits as it relates to their planned expansion. I believe they will have a distinct advantage in gaining market share. Of coarse, I don't have to agree with each acquisition, but I am also not fully briefed on each either. My opinion is they have an interesting focus and if they get the base or bridge financing needed they can be wildly successful.
My short take is they are essentially populating a holding company with a core of synergistic companies that support some specific massive growth service(s) and raising the big cash after the up-listing. I'm going to coin it a "Pre-loaded Blank Check Company" as opposed to...... "give me your money and we will figure it out later" or "Stick'em up people"