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So answer the question. If it's a scam, why launch a new website?
You should be buying more while the price is still down. You say Agritek is a scam. If so, what possible reason would there be for Agritek to launch a new updated website 2 days ago? Why would they waste good money to put out what is obviously a very costly, professionally done website if this is a scam? Think about it. It would make absolutely no sense. The only possible reason for this newer website would be to have it in place for their next stage of development.
Remember this, Canada is a year away yet from legalizing marijuana. https://www.usatoday.com/story/news/world/2017/04/13/canada-legalization-marijuana-justin-trudeau/100416428/
California takes affect January 2018 - http://mmjdoctor.com/new-california-weed-laws-explanation-of-prop-64/
Agritek's development in the marijuana business has just begun. It's the top of the first of a nine inning game. I keep saying, this may be a 2 year hold but at some point, it's going to explode upward. We just don't know when. If you're in it for a long term, this price we're at now means nothing. Just low volume backing and filling.
Chump change. Wake me up when it's well over half a buck.
http://www.thecannabist.co/2017/05/10/colorado-marijuana-sales-statistics-march-2017/79215/
At some point soon, those 100+ acres in Colorado are going to rapidly increase revenue here.
Very professional website now. The next stage of Agritek's development will require a good website. Another step forward.
I'll still give him the benefit of the doubt. So far every time he's sold shares, he's come out with a news release about a week later. I'm hoping the money is used to develop one of the projects. We should find out soon how it is being spent.
Wow $500! Warren Buffet's trying to get a hold of you to congratulate. Tell him how you congest this board day and night, 24/7 to brag about your stock picking prowess and offer everyone free advice on penny stocks. Maybe he'll give you some tips so someday you can really hit it big on trading! Maybe $600 if you work really really hard on his advice.
Who besides you would be stupid enough to short a stock that's less than 2 pennies?
Oh Please...stop with the utter nonsense. You are looking foolish now. Out of 455 MILLION shares, there is a grand total of 163 THOUSAND shares short - less than 1/2 of one per cent.
Cool site...if you go to "investors", you get real time level 2 quotes. Very impressive website now. This company keeps taking small steps forward. I wonder how much longer the market makers can hold us back.
Agree! This temporary spending bill actually takes us THROUGH Sept....not until Sept. - and there's talk of making the language permanent in any new budget bill. I believe there would be enough support now in congress to get that language in.
A spending bill to keep the government running until Sept was passed Sunday. The Washington Post just released a breakdown of the spending. This is included and is great news for the whole marijuana industry -
MARIJUANA:
The spending bill bars the Justice Department from using any money to prevent local governments from “from implementing their own laws that authorize the use, distribution, possession, or cultivation of medical marijuana.” This applies to states and the District of Columbia
Here's another source - http://reason.com/blog/2017/05/01/congress-reaches-spending-deal-skinny
If you haven't loaded up, this may be a good chance before this news is mainstream.
Is it possible the Canadian B&B was a way to get Agritek listed on a Canadian stock exchange? Also note the words "initial residential and land purchase" in Canada in the news release below. Initial in the dictionary means "starting" or "first". I believe there may be plans for land development in Canada yet to come. Possibly with a revenue stream from this 115 acre site in Colorado or the 25 acre site in Puerto Rico. I've said right along that this is a long term hold. The price of the stock means nothing right now.
LOS ANGELES, CA--(Marketwired - Apr 20, 2017) - Agritek Holdings, Inc. ( OTCQB : AGTK ) today announced that the Company has entered into an initial residential and land purchase agreement to purchase a "420 Style" resort and estate property approximately one hour outside of Quebec City, Canada. The fifteen-acre estate consists of nine (9) unique guest suites, horse stables, is within walking distance to a public golf course, which Agritek Holdings will also have ownership in for guests staying at the resort. A separate structure will serve as a small grow facility run by patient employees and caretakers on the property and may be toured by guests of the facility.
Did you guys see this?
http://www.broadwayworld.com/bwwgeeks/article/Agritek-Holdings-Inc-Announces-Execution-Of-5-Year-Operational-Agreement-And-Equity-Interest-In-25000-Sq-Ft-Cultivation-Facility-In-Puerto-Rico-And-Funding-Terms-Fro-20170426
Notice the last sentence -
Agritek Holdings was recently approved for uplisting and now trades on the OTCQB Venture Market for early stage and developing U.S. and international companies. To qualify for the listing, companies must be current in their reporting and undergo an annual verification and management certification process. Investors can find Real-Time quotes and market information for the company on www.otcmarkets.com/stock/AGTK/quote. The Company is additionally investigating and seeking a dual listing on the TSX Venture Exchange with the acquisition and upcoming closing of its new Canada property and facility.
It's a Canadian stock exchange. More on TSX Venture Exchange here -
https://en.wikipedia.org/wiki/TSX_Venture_Exchange
Canadian marijuana stocks have been booming.
Good one Ross. This guy bought much higher a few months back. He did nothing but gripe and whine while adding nothing to the board. He sold a couple weeks ago at a heavy loss at .02. Now he's here every day and night bashing the stock and hoping everyone else loses like he did. Look up the word loser in the dictionary. Yep, that's his picture.
I've seen many times where pre - market bid moves higher minutes before positive news is released. Someone always knows something ahead if time...never me. lol
This coming from a genius who bought a month ago; sold for a loss at .02; misspells a common word like "hear"; can't use a complete sentence; stays on a message board day and night after selling for a loss; and then calls someone else "numbskull". Move on.
"A separate structure will serve as a small grow facility"
LOS ANGELES, CA--(Marketwired - Apr 20, 2017) - Agritek Holdings, Inc. ( OTCQB : AGTK ) today announced that the Company has entered into an initial residential and land purchase agreement to purchase a "420 Style" resort and estate property approximately one hour outside of Quebec City, Canada. The fifteen-acre estate consists of nine (9) unique guest suites, horse stables, is within walking distance to a public golf course, which Agritek Holdings will also have ownership in for guests staying at the resort. A separate structure will serve as a small grow facility run by patient employees and caretakers on the property and may be toured by guests of the facility.
I'd agree. We need to start seeing a revenue stream start coming in. That said, I like the move into Canada (announced today) and Puerto Rico (announced April 5th). Both Canada and Puerto Rico have voted to legalize marijuana and red neck Attorney General Jeff Sessions can't touch them.
You say you're glad you got out at .02. I'm also glad you got out after a whole month. By the way -
"CEO tells you what you want to here"
Should be spelled "hear"
Now that you sold, please post your superior advice on a different board.
I've said right along that this one may take awhile.
Maybe MF didn't want to release news during an Easter shortened holiday week with volume so low. It could come as soon as Monday. There are not very many investors who follow AGTK that are on this Investorshub site but they should be. Monday early am would be a good time to average down before this news hits.
WTF!!!!! I have not seen this! The 2016 annual report was issued March 31st and this wasn't part of it! Why hasn't a news release been issued yet? Geez, and Jeff Sessions won't touch Puerto Rico. Good Lord, If half of this news release comes true, the stock will soar.
Me either. My only hope is that the red neck Sessions is knee deep in this Russian scandal and is eventually let go. 3 day holiday weekend coming up. Happy Easter to all the other hopefuls here. Hoping MF throws us a bone Monday.
Aw shucks. Now that you told what the high for the year will be, you went and spoiled the fantasy for everyone. I hate when someone knows the ending and tells ahead of time.
Lousy 2016 year end report as was 2015 and 2014. 2017 has to be the year this company turns things around.
Yomomma - I'm not sure what you are referring to with Woahstork when you posted this -
"A few things for us investors to be wary of here:
1) We still have yet to see Woahstork launch it's site. Since the "announcement" of the Woahstork partnership, I personally have been checking every month to see if this is true. The same landing page is still up from last November. Just a heads up"
Actually their website looks up to date with news and articles as recent as a few days ago. Check it out here - http://learn.woahstork.com/
I did a search for Agritek on the site but I don't see them. Actually I don't find any company that they do business with listed on their site. Maybe there is a reason for this. I don't know but Woahstork's site is fully up and running.
I don't think we see revenue this quarter yet either. States that passed recreational and medical marijuana last November won't even be ready to go until later 2017 or in 2018. I doubt the 100 acres is up and running this quick although I'd love to hear that the 100 acres is being gobbled up by MEDICAL marijuana entities and not recreational. I don't trust this Attorney General Jeff Sessions and his stance on recreational marijuana.
I did not see that "several hundred thousand that couldn't be reported yet" Could you post a link? Thanks
Great questions. I'd agree most posts here are simply cheerleaders adding nothing. I'm fairly new here and heavily invested. I'd like to see some real news come out on these 100 acres that are owned, zoned, ready for production, ect.
One thing though that may be in his favor is the listing on this OTCQB exchange. They do have some fairly stringent requirements and can be viewed here -
http://www.otcmarkets.com/content/doc/otcqb/standards.pdf
Also the EDGAR SEC filings certainly look legit.
I don't know anything about the news releases and what service he uses. Could it be that 6 am is just the time their computer kicks it out?
Anyway, it would be great to see you post more often as you seem to be doing the research we all need to be doing and sharing.
I'd love to see them venture into the Canadian market. No redneck Attorney General like our Jeff Sessions up there.
Ross92 - I've also put a ton of shares in my IRA. Twice in the past 5 years the share price popped quickly to $1.00. I'm hoping it happens again. At least if the shares were sold in your IRA, you wouldn't have to concern yourself with the taxes. Good luck. Don't procrastinate. We may not be below .03 much longer.
Our CEO said a couple times recently that the price of the stock was undervalued. We'll have to wait to see what he spent the money on. At least he's plowing the money back into projects that will grow the company. Agritek keeps taking small steps forward but the price hasn't reflected it yet. The last 2 hours today was almost straight up on much heavier volume than we had all week.
If Sessions leaves the Cole Memorandum alone, this stock will soon fly -
http://www.huffingtonpost.com/entry/jeff-sessions-legal-marijuana_us_58c967c0e4b03b1fc5cf5ca8
Are you on the right board?