Thread by @ResearchGrizzly

Alpine 4 Holdings Inc $ALPP has been a high-flying stock recently, but we believe it is a scam. Read our new report here: grizzlyreports.com/alpp-a-failed-…

$ALPP recent claim to fame circles around the prospect of fl¬ying high alongside the hyped drone industry. $ALPP stock has skyrocketed on glorious claims combined with a record-setting press release machine plus promotional activity on social media.

$ALPP management are in our opinion highly questionable. We believe its CEO is a serial stock promoter that has often misled shareholders. $ALPP Sales VP was charged with health care fraud and at one time faced up to ten years in prison.

$ALPP acquired its first drone company called Impossible in end 2020. We visited Impossible facilities and found them empty – our pictures are truly worth 1000 words; the business is virtually non-existent with no verifiable tangible assets

$ALPP second drone company acquisition, Vayu, appears no better than Impossible as it seems to be merely a shell that was formerly a nonprofit. Vayu sports limited full-time employees, has had no real progress in years, and is in our opinion not economically viable.

$ALPP last acquisition before its pivot to drones ended up missing targets by 95% despite wild promises, we believe Impossible and Vayu will end the same way; Come judgment day, $ALPP will go back to where it came from, penny stock land.

Cc @breakoutpoint @valuewalk @natbaker @zer0estv @FD @FT @WillauerProsky @ActivistInsight @contrarianshorts @donutshorts @jimcramer @ActivistShorts @Benzinga @BenzingaMedia @MarketWatch @StockJabber @Preemarket @RealStockMoe

Here is the google drive link. Our apologies for website outages, we keep getting attacks on our website. drive.google.com/file/d/1_E-AhW…

Here is our elevator pitch on why we are skeptical of $ALPP