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I was a couple weeks early at $1.10
Hudson could pop within days
You are correct that no one can make R-22 after Jan 1st 2020. How does Hudson benefit?
Reclaimed R-22 can still be used. Hudson is the largest company that recycles R-22 in the country and millions of air conditioning units (private homes and businesses) still require R-22 (freon). Supply and demand. As the supply of virgin R-22 refrigerant diminishes, the demand for recycled R-22 should increase.
You should see the stock price reflect this ...possibly as soon as Q1 2020. They should announce Q1 earnings around May 1st.
Mojo - how do you think the new beverages will go over in Puerto Rico? Another question...Have you heard any thing on the Puerto Rico project?
The new CEO said this last week -
"“Agritek still retains all of our contacts, distribution channels and accounts to take advantage of the new explosion of the infused beverage industry and opportunities, and our new beverage product lines debuting next quarter, in my opinion, will surpass anything presently in the marketplace with our custom brands and formulations,” added Mundie.
So we should hear soon about new beverage products coming out next quarter.
Meanwhile while you guys are bickering, there is almost 15 Million shares on the bid and only 48 thousand shares on the ask. The new CEO said this last week -
"“Agritek still retains all of our contacts, distribution channels and accounts to take advantage of the new explosion of the infused beverage industry and opportunities, and our new beverage product lines debuting next quarter, in my opinion, will surpass anything presently in the marketplace with our custom brands and formulations,” added Mundie.
So we should hear soon about new beverage products coming out next quarter.
https://upticknewswire.com/featured-interview-ceo-neil-mundie-of-agritek-holdings-inc-otc-agtk/
At the 7:05 mark into the interview, Muncie (the new interim CEO) mentions he thinks Agritek will do 7 figures in revenue THIS YEAR.
$38 right now buys you 10000 shares. Why not take a flyer for that.
Here's another interview where Mundie again says they could do 7 figures in revenue this year. He also says they are going to develop that Colorado property and also go into the retail business in Puerto Rico to start selling their own marijuana and hemp products. The first interview was about 9 minutes. This one is about 15 minutes. Go to youtube.com and search "Agritek". You'll see the interview from Neil Mundie on Feb 19th.
Almost 16 1/2 MILLION shares on the bid at the end of the day??? What's up with that?
Well..you do have to admit Muncie comes across much better than Friedman ever did.
https://upticknewswire.com/featured-interview-ceo-neil-mundie-of-agritek-holdings-inc-otc-agtk/
Did the new CEO (Muncie) really say at 7 minutes into the interview that he could see revenue THIS YEAR over 7 figures?
Good luck to you. My wife and I are retired with pensions but I horse around with these small stocks in a small account. I don't touch our savings and it's more a hobby and fun. I've done ok in my hobby but nothing big. Maybe a home run is still out there...ha.
No...but I'm holding for now. I think one has to either sell now or wait to see what they have in mind. You, me, nor anyone else knows what the future holds. What if they really can garner a small piece of this $22 Billion hemp industry?
"I wouldn't expect to see any strong days between now and whenever this essentially criminal reverse split takes place"
Up 46% on heavy volume. Let me know what else you "expect" so I can do the opposite.
AMENDMENT OF OUR CERTIFICATE OF INCORPORATION TO EFFECT
THE REVERSE STOCK SPLIT
GENERAL
On January 25, 2019, our board authorized an amendment of our Certificate of Incorporation to effect a reverse stock split at a ratio of 1-for-200. On January 25, 2019, stockholders holding a majority of our voting power approved this action. Pursuant to the Reverse Stock Split, each two hundred (200) shares of our common stock will be automatically converted, without any further action by the stockholders, into one share of common stock. No fractional shares of common stock will be issued as the result of the reverse stock split. Instead, the Company will issue to the stockholders one additional share of common stock for each fractional share which would otherwise be required to be issued. The Company anticipates that the effective date of the reverse stock split will be March __, 2019.
PLEASE NOTE THAT THE REVERSE STOCK SPLIT WILL NOT CHANGE YOUR PROPORTIONATE EQUITY INTERESTS IN THE COMPANY, EXCEPT AS MAY RESULT FROM THE ISSUANCE OF SHARES PURSUANT TO THE FRACTIONAL SHARES.
PURPOSES AND EFFECT OF THE REVERSE STOCK SPLIT
Our Board believes that, among other reasons, the number of outstanding shares of common stock have contributed to a lack of investor interest in the Company and has made it difficult for the Company to attract new investors and potential business candidates. The rationale of our Board’s proposed reverse stock split was generally to attract business opportunities for the Company and liquidity for our traded shares. The Board has determined that it would be in the Company’s (and shareholders”) best interest after due consideration of certain factors including, but not limited to the following:
(i) the current trading price of the Company’s shares of common stock on the OTC Pink market and potential to increase the marketability and liquidity of the Company’s common stock;
(ii) possible reluctance of brokerage firms and institutional investors to recommend lower-priced stocks to their clients or to hold in their own portfolios;
(iii) desire to meet future requirements of per-share price and net tangible assets and shareholders’ equity relating to admission for trading on other markets;
(iv) posturing the Company and its structure in favorable position in order to effectively negotiate with potential acquisition candidates; and
(v) provide the management of the Company with additional flexibility to issue shares to facilitate future stock acquisitions and financing for the Company.
While there can be no assurance that the reverse will have the desired benefits, the Board (in the exercise of discretion by the business judgment rule) believes that the reverse split is in the best interest of the Company and its shareholders.
However, the effect of the reverse stock split, if any, upon the stock price for our common stock cannot be predicted, and the history of similar stock split combinations for companies like us is varied. Further, we cannot assure you that the stock price of our common stock after the reverse stock split will rise in proportion to the reduction in the number of shares of common stock outstanding as a result of the reverse stock split because, among other things, the stock price of our common stock may be based on our performance and other factors as well.
The principal effect of the reverse stock split will be a decrease in the number of shares of common stock issued and outstanding from 1,170,544,913 shares as of January 25, 2019, to approximately 5,852,725 shares. The reverse stock split will affect all of our stockholders uniformly and will not affect any stockholder’s percentage ownership interest in the Company or proportionate voting power, except to the extent that the reverse stock split results in any of our stockholders holding a fractional share of our common stock. The common stock issued pursuant to the reverse stock split will remain fully paid and non-assessable. The reverse stock split shall not affect any rights, privileges or obligations with respect to the shares of common stock existing prior to the reverse stock split, nor does it increase or decrease the market capitalization of the Company. The reverse stock split is not intended as, and will not have the effect of, a “going private transaction” under Rule 13e-3 of the Exchange Act. We will continue to be subject to the periodic reporting requirements of the Exchange Act.
7
The number of shares of Common Stock that the Corporation is authorized to issue shall not be affected by the Reverse Stock Split, and shall remain at 1,499,000,000, post the Reverse Split. By decreasing the number of issued and outstanding shares of common stock, more shares of common stock are available for issuance as a result of the reverse stock split. The Board believes that the availability of more shares of common stock for issuance will allow the Company greater flexibility in pursuing financing from investors and issuing shares of common stock in exchange for such financing, meeting business needs as they arise, taking advantage of favorable opportunities, and responding to a changing corporate environment.
"I own shares and will sell when the time is right."
So we agree that Agritek will move higher. How nice.
Hemp potential
Slow growth for now but Agritek could really take off if this hemp industry becomes a 22.2 Billion Dollar industry by 2022 from about 500 Million dollars now. This article out today doesn't mention Agritek specifically but is an interesting read about the coming boom. May explain some of the new interest here with the volume exploding. Agritek is on the ground floor -
https://www.benzinga.com/markets/cannabis/19/02/13101409/the-farm-bill-has-made-2019-the-year-of-cbd
What the h#%@ is going on??? I'm not seeing any news.
"Maybe these aren't "material events" at all."
But....Maybe they are!
Yep...we all agree there. That said, you do understand if (when) they do start showing the money, the stock price will be much higher than a third of a penny where it is now.
Good start for our interim CEO in his first month. That mountainhigh site in the news release doesn't come up because of the parenthesis (()) on both ends of the website. Take off the parenthesis on both ends and just enter - www.mountainhighsuckers.com and it comes up. Looks very legit.
If this new interim CEO continues to follow through, maybe, maybe finally we're on our way. This industry with all these mj and hemp products is expected to grow from $500 Million today to over $22 BILLION as in BILLION dollars by 2022. If Agritek can just get a small chunk.
At least volume is picking up so far today. 3.2 million shares the first 20 minutes of the day.
"we’ve heard this story before, than the quartlerly comes out and we have a 20$ profit...you’ll see"
Obviously there will be little to no revenue in the next quarterly that comes out since that covered OCT, NOV, and DEC 2018.
Looking ahead, we have a chance.
All those BS news releases in the past from the former CEO will continue to haunt Agritek for awhile yet. Nobody believes any news from the company yet. This new interim CEO seems to realize this and seems aware that he needs to follow through. We MAY have begun to turn the corner.
If you connect the dots -
1 - Hemp and CBD products are legal as of Jan 1st.
2 - Revenue nationwide from these hemp and CBD oil products are expected to grow from a few million dollars in 2018 to 22 BILLION dollars by 2022.
3 - Agritek's CBD vape and products are a superior quality -
https://www.mmjobserver.com/agritek-holdings-inc-otcmktsagtk-debuts-market-sale-of-proprietary-brands/29912/
4 - The new interim CEO just announced today that sales of this product have begun in Florida and orders have been received from Puerto Rico and Colorado.
5 - (projected next dot) - Agritek's products catch on and expand; the land projects get off the ground (new Interim CEO has financing background for Marijuana startups and connections in the marijuana field according to his bio); possible future connections with our CBD and hemp products with a large pharmaceutical company (there are already other marijuana companies that have drawn takeover interest)
All my opinion only but we may look back on today's news as the real beginning. The new interim CEO must follow through now.
First sales and more orders for their products begin -
https://finance.yahoo.com/news/agritek-holdings-inc-announces-december-133000599.html
"“Meaningful revenue has been the single determining factor in the past holding back our market valuation, until now. With our present assets including real estate holdings, licenses and brands in major cannabis jurisdictions, in my opinion, our company is extremely undervalued, and we will continue to strive to bring real shareholder value through expanding revenue channels, brand recognition, aggressive marketing campaigns and the continued elimination of toxic debt keeping our common stock under pressure ,” stated Suneil Singh Mundie, Interim CEO of Agritek Holdings."
This article out today talks about how Agritek's MD Vape brand of hemp is a higher quality and more in demand -
https://www.mmjobserver.com/agritek-holdings-inc-otcmktsagtk-debuts-market-sale-of-proprietary-brands/29912/
"According to Agritek, a very innovative technology goes into the creation of MD Vape. Notably, the process incorporates distillation which removes a range of impurities which may destabilize the product. The impurities include chlorophyll, waxes, THC and fatty acids.
Further, the firm asserts that the product primarily targets various companies like those in pharmaceutical and even cosmetic sectors. Others include medical cannabis, nutraceutical, personal care, and vape. Notably, the firm holds that their products are of the highest quality and stick to a high standard of efficacy.
Interestingly, Agritek anticipates the demand for CBD vape to explode sometime in the future. Notably, there is a rising trend of people preferring the product over other kinds of vape. As such, the firm will work in close association with its associates to ramp up production of MD Vape.
Good luck. I hope we both make out well here.
Read some of my posts here over the past year and then mock my reading comp skills on your first day. Nobody has defended the company more over the past year. I'm just saying they have to follow through FOR ONCE! If they start following through, we're on our way!
" PPS should be on the rise from here given that within a month they expect to be processing products."
They have been "promising" forever but never follow through. If this new interim CEO is to be believed, he has to follow through. I'm hoping Friedman (the old CEO) is really gone and this is the beginning of a new era for Agritek. If this is a new beginning, today's price will look real good 6 months from now.
Ok new CEO..."processing products within a month"
Show us!
I'd agree with you. The new CEO has to follow through soon with revenue from this Puerto Rico project or it's just more promises. I hope this part of the news release is true. If so, we should see results quickly since they are beginning operations immediately -
"today announced that the Company’s licensee and partner, 1919 Clinic, has received its final approval from the Department of Health of Puerto Rico to begin operations immediately under the Medical Cannabis Program for Puerto Rico."
Agritek Holdings Inc. Announces Approval of Cannabis License and Commencement of Operations for 15,000 Sq. Ft. Facility in Puerto Rico
GlobeNewswire•January 8, 2019
LOS ANGELES, CA, Jan. 08, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Agritek Holdings, Inc. (OTC PINK: AGTK) www.AgritekHoldings.com, a fully integrated, active real estate investor for the cannabis sector in the United States and Canada, today announced that the Company’s licensee and partner, 1919 Clinic, has received its final approval from the Department of Health of Puerto Rico to begin operations immediately under the Medical Cannabis Program for Puerto Rico.
Agritek Holdings over the last two years has funded the operation, provided all cultivation and manufacturing equipment and aided in the licensing process for the state of the art facility which consists of a 15,000 sq. ft. GMP building in the heart of San Juan, Puerto Rico.1919 Clinic operations are designed to withstand hurricane wind loads, control temperature and humidity, and is now licensed under Puerto Rico’s Department of Health Medical Cannabis Program to begin operations. Both companies expect to be processing cannabis products on behalf of dispensary clients with brand distribution by next month.
“I would sincerely like to congratulate our Puerto Rico based operation 1919 Clinic and former CEO on achieving this goal of license approval and building out this facility to the licensing standards of the Department Of Health which is both a rigorous process and tremendous achievement. This cannabis manufacturing facility based in San Juan, one of the most profitable markets in our sector, will now quickly become an important asset and revenue generator for our company. The equipment and contracts already in place with multiple dispensaries on the island of Puerto Rico are capable and expected to bring several million dollars of revenue through cannabis extraction, manufacturing and the sale of our brands of which Agritek will be entitled to our portion through royalties, consulting fees and licensing of our brands,” stated Suneil Singh Mundie, Interim CEO of Agritek Holdings.
On July 9, 2017, the Puerto Rico government approved and enacted the Medical Cannabis Act, streamlining a new particular investigation license process as well as increasing the number of eligible conditions. Autism, glaucoma, Post- Traumatic Stress Disorders, and others have been added to an already-lengthy list of medical conditions that already included cancer, HIV and AIDS, Alzheimer’s, epilepsy, and migraine headaches, among others. From April to August 2018 to present, the number of licensed cannabis patients has increased to almost 50,000. Importantly, the island’s cannabis act includes a reciprocity policy that allows dispensaries to serve patients visiting Puerto Rico, as long as they hold a medical marijuana card from their home state.
Note "former CEO" -
"I would sincerely like to congratulate our Puerto Rico based operation 1919 Clinic and former CEO on achieving this goal of license approval and building out this facility to the licensing standards of the Department Of Health which is both a rigorous process and tremendous achievement. This cannabis manufacturing facility based in San Juan.
Also Note -
"The equipment and contracts already in place with multiple dispensaries on the island of Puerto Rico are capable and expected to bring several million dollars of revenue through cannabis extraction, manufacturing and the sale of our brands of which Agritek will be entitled to our portion through royalties, consulting fees and licensing of our brands,” stated Suneil Singh Mundie, Interim CEO of Agritek."
"Show us all the money"! ....and NO MORE fluff BS news releases in 2019!
It sure looks like buyers coming in and very few wanting to sell at these prices. There very well could have been tax loss selling throughout December and some of those will want back in. They must wait 30 days from their sell date to buy back. We may see buying expand in January. We are one "revenue producing" news release away from a breakout. IMO.
"Thanks for helping us all realize what's going on here"
Uhhh....no. Speak for yourself ...not "us all".
If you want to believe a rogue board poster rather than what the company reported in an 8K filing to the Securities and Exchange Commission, go ahead.
For the record, what the company reported to the SEC was Friedman is no longer CEO or with the company as of Jan 1st. Muncie is the new interim CEO as of yesterday.
Agritek story on this financial markets site this morning -
https://marketexclusive.com/agritek-proprietary-brands-begin-to-hit-mass-market/2018/12/
"According to the Brightfield Group, the CBD market (this includes all types of CBD, not just from the hemp plant) is projected to grow by 147% per annum between 2018 and 2022, leading to a $22 billion market in a few short years."
147% growth per year between 2018 and 2022. Agritek just needs a small piece of the pie.
From today's news release -
"today announced the first purchase orders for bulk and wholesale production and sales of the Company’s MD Vapes (www.mdvapes.com) brand. The MD Vape brand will be known for its unique high CBD broad spectrum distillate oils which contain no traceable amounts of Delta 9 THC and is derived from our Colorado partners licensed to sell registered industrial hemp. As CBD vape grows in massive popularity, demand for high quality CBD vape products is expected to explode."
NEWS!!
https://finance.yahoo.com/news/agritek-holdings-inc-announces-first-133000852.html
“Our new management team at Agritek Holdings will work closely with our new customers for the MD Vape brand as well as our other proprietary brands now coming to mass markets as we enter the global cannabis industry at a low valuation in my opinion, and position ourselves for robust sales and success,” stated Suneil Singh Mundie, Interim CEO of Agritek Holdings."
NOT! ??? Not what?