The rally in the Alpine 4 Holdings (OTC: ALPP) stock over the course of the past four months has been quite remarkable. During that period, the stock has recorded gains of as huge as 15,300%.
In light of such staggering gains, it is only natural if the company remains on the radars of investors for the foreseeable future. More importantly, it is necessary to point out that earlier on in the week Alpine 4 made another major announcement that could prove to be a boost for the stock as well.
The company, which owns and operates small market outfits, announced on Monday that it is planning to retire debts to the tune of as much as $12.8 million. In the first round of payoffs to be done by the company, both long-term and short-term debts are going to be included. It is a significant development for Alpine 4 and its CEO Kent Wilson stated that the management is excited about this move.