Agritek Holdings Inc. (AGTK)

[RookieStockPicker]

New CEO is just a puppet without control, he hinted Friedman interest might not be the same as other shareholders.

As a result of the issuance of the shares of Class B Preferred Stock to Mr. Friedman (described in Item 3.02 of this Current Report on Form 8-K), as of June 26, 2015, Mr. Friedman has the right to vote 51% of the total voting shares able to vote on any and all shareholder matters. As a result, Mr. Freidman will exercise majority control in determining the outcome of all corporate transactions or other matters, including the election of directors. The interests of Mr. Friedman may differ from the interests of the other shareholders.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10791085