ALPS NASDAQ Uplisting: Reddit Hype vs. Reality Check

Reddit users in penny stock communities are discussing ALPS as an uplisting opportunity with several key claims:

• Business Model Questions
  : Users sought details on ALPS’ business model, financials, clients, quarterly sales, and debt structure
• Uplisting Status
  : OP clarified the uplisting is pending and not yet completed as the SPAC merger is ongoing
• Price Movement Warning
  : One user noted the stock already rose to ~$3.70 and may pull back sharply
• Valuation Claims
  : Users highlighted a $1.6B valuation, $118M cash, and extremely low float (~68k shares)
• Comparison to HKD
  : Some users drew parallels to HKD’s 2022 rally, suggesting potential short-term momentum
• Skepticism
  : Multiple users questioned whether the uplisting represents a genuine catalyst or merely a pump, noting $118M cash appears modest for the claimed valuation

Independent research reveals significant discrepancies with Reddit claims:

• Merger Confirmation
  : ALPS Global Holding Berhad did complete a merger with Globalink Investment Inc, with signing ceremonies documented in January 2024 in Kuala Lumpur
• NASDAQ Presence
  : Visual evidence shows NASDAQ congratulatory displays for the merger completion
• Financial Reality Check
  : Alps Group Inc (Nasdaq:ALPS) actually shows a market cap of only $9M, not the claimed $1.6B
• Unverified Metrics
  : No verification found for $118M cash position, $3.40 share price, or extremely low float shares
• Entity Confusion
  : The actual publicly traded ALPS appears to be much smaller than Reddit discussions suggest

There appears to be significant confusion between different ALPS entities or potentially misleading information circulating on Reddit. While a legitimate merger occurred between ALPS Global Holding and Globalink Investment, the financial metrics being discussed ($1.6B valuation, $118M cash) do not align with the actual publicly traded Alps Group Inc (Nasdaq:ALPS) which has a $9M market cap.

The discrepancy suggests either:

1. Reddit users are discussing a different private entity that hasn’t yet uplisted
2. Information is being exaggerated or misinterpreted
3. There’s confusion between OTC and Nasdaq listings

• Entity Confusion
  : Investors may be buying the wrong ALPS stock based on misleading information
• Unverified Financials
  : Key metrics like valuation and cash position cannot be independently verified
• Low Float Volatility
  : If the extremely low float claims are accurate, this could create extreme volatility
• Pump Potential
  : The significant discrepancy between claims and reality raises red flags for potential market manipulation

• Uplisting Catalyst
  : If a legitimate uplisting occurs, it could provide credibility and liquidity gains
• Merger Synergies
  : The completed merger with Globalink Investment could create value
• First-Mover Advantage
  : Early investors in legitimate uplistings sometimes benefit from institutional interest

: The significant discrepancies between Reddit claims and verifiable data suggest investors should conduct thorough due diligence before considering any ALPS investment. Verify which specific entity you’re investing in and confirm all financial metrics through official SEC filings rather than social media discussions.