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I think he's referring to the news release from Jan 24th. I summarized back in message # 73234
I honestly don't think it's actively traded at all. So far today only 790000 shares traded. Sounds like a lot but at 3 cents each, that only equals $23,800. Only 74 trades have taken place all day. Most days average around 200 -300 trades per day. I don't think this company is well known ...yet. There will come a day when price and volume explode to the upside and this board comes to life.
There are 300+ million shares. The CEO mentioned a few weeks back about being listed on another exchange. Agritek will need steady revenue coming in. Also will need to do a reverse split. At today's price of 3 cents, a reverse split of 300 to 1 would get a stock price of $3.00. Good enough for a Nasdaq listing. If he can get the stock price up, then obviously it would take less shares for a reverse split.
Just buy the shares cheap now and tuck them away. This is a 2 year investment....and don't invest with money you can't afford to lose. Nothing is certain with a penny stock.
Money makers may try to push it down this week on light volume to try to accumulate cheap shares. If they push it under 3 cents, back up your trucks to buy. How many stocks selling at 3 pennies have potential valuable marijuana real estate and products ready to start rolling out?
With trump ready to spend billions $$$ on his wall and now this immigration mess that will cost who knows how much, does he really want to spend billions on going after states that have voted to legalize marijuana? I'm thinking not. Huge potential here in the coming 2 years. It won't be over night but we may all look back at 3 cents and say "Oh #@&!!! Should have bought back then.
Another marijuana expert chimes in on marijuana real-estate outlook for the year ahead -
Ryan R. George, CEO of 420 Property, forecasts a continuation of the land rush: “2017 is going to be a major growth year in cannabis real estate. The land rush began mid 2016 as those in the industry and property investors started to acquire land and facilities suitable for cannabis cultivation in anticipation of new Cannabis Reforms being passed in the 2016 Elections. That land rush went from warm to blazing after the election and new cannabis laws were passed. Cannabis is now being recognized as a viable business opportunity and everyone, from the stoner on the street corner puffing a ‘j’ to your sophisticated ‘suits’ on Wall Street, wants a piece of the action.”
“Those with the means and the forethought are tackling the biggest problem even the most talented cannabis operators face: real estate. As I mentioned in our previous conversation, there is simply not enough compliant or suitable cannabis facilities to meet the current demand,” he continued.
“From what I have seen, investors are more willing than ever to get involved in cannabis — like a child with a new toy; this has helped ease some of the financing difficulties our clients have faced at 420 Property Financing. However, easier terms for financing are also fueling a price war and I expect to see cannabis properties appreciate another 20 [percent] to 30 percent, and leases on cannabis space to rise another 10 [percent] to 15 percent in 2017. There is bittersweet real estate hope for cannabis operators, but it's not exactly what they will want to hear and it's not coming for another five to seven years,” George went on.
“Prices on cannabis leases and properties will correct, but this will only come after the amount of competition in the industry forces diminishing profit margins on operators as the wholesale value of cannabis drops. Then we will see a correction in the cannabis real estate bubble. But as profit margins remain high, expect high valuations and rents,” the expert ended.
Article on how marijuana real-estate is the next big thing for marijuana stocks in 2017 (mentions how Colorado marijuana real-estate prices are climbing) -
http://moneymorning.com/investing/for-marijuana-stocks-in-2017-real-estate-is-the-next-big-catalyst/
Here's a little more info on their plans for the land management side of the business. Maybe now that they fully own the 80 acres, the revenue starts flowing soon -
http://agritekholdings.com/property-management/
Thanks for trying Ross. I'm thinking the CEO has so many current projects in the works on multiple fronts with this company that he just hasn't got the time right now. Maybe in the spring when some of these business segments begin to materialize and he has much more to say.
I just broke the news release down. It is nice to know other news releases are forthcoming soon. Here's the recap if someone missed it today -
News release out this morning that states -
1 - Announcing purchase of 80 acre APPROVED cannabis farm with plans to begin production in 2nd quarter 2017.
2 - will announce soon of additional operations for California.
3 - will announce soon partnerships in Puerto Rico with the first APPROVED cultivation operation on the island.
4 - CEO never been more optimistic on the company and calls the company undervalued.
5 - CEO says 2017 will be the most successful in the company's history.
Here is a 5 year chart. Notice how quickly the stock price jumped up to over $1 a few years back and that was before marijuana legalization popularity has exploded.
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=AGTK&insttype=Stock&freq=2&show=&time=12
For those just waking up on the west coast and wondering why our little puppy is up by 1/3 so far today, here's a quick recap -
News release out this morning that states -
1 - Announcing purchase of 80 acre APPROVED cannabis farm with plans to begin production in 2nd quarter 2017.
2 - will announce soon of additional operations for California.
3 - will announce soon partnerships in Puerto Rico with the first APPROVED cultivation operation on the island.
4 - CEO never been more optimistic on the company and calls the company undervalued.
5 - CEO says 2017 will be the most successful in the company's history.
Here is a 5 year chart. Notice how quickly the stock price jumped up to over $1 a few years back and that was before marijuana legalization popularity has exploded.
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=AGTK&insttype=Stock&freq=2&show=&time=12
Light volume on NO news. Market Makers shaking out weak holders because they can.
Geez guys....he has to pay the bills, get new products running, fees for licenses, ect. Give the guy a little rope. This isn't going to happen overnight. He has to own 10's of millions of shares. Selling 650,000 shares is not a problem here. In fact, it's better than more dilution for financing.
Here's something that may or may not be important here -
http://thejointblog.com/trump-removes-marijuana-opposition-white-house-website-immediately-taking-office/
I doubt February has anything to do with this company. I'm waiting for lift off as much as anyone but I have a 2 year time frame. To get upward movement in Feb, you need Trump to come out with a positive position on marijuana AND you need Agritek to release positive news. If the CEO here has good news coming out, he should wait until just after Trump makes his marijuana position known (hopefully leaving states alone). Then a day or 2 after that release the news and WHAM!!!
I do sleep better but thanks for asking. In all honesty, this whole thread is meaningless and we all would be better focusing on other matters with our marijuana stock. There are 394 MILLION shares outstanding. The total short shares here whether naked shorts or regular shorted shares is around 340 THOUSAND shares...a drop in a bucket and not enough to affect the price even if there were a short squeeze.
The discussion is about market makers borrowing OUR shares. If I hold 10000 shares of a stock and put in a sell order on those 10000 shares, the broker can't lend out MY 10000 shares. You're talking about "Naked Short Selling" which is supposed to be illegal. The discussion here is about "Short Selling" by the market makers and borrowing those shares from brokers. The MM's can naked short in extreme market conditions to provide liquidity, but they then have to borrow the shares from brokers. Comparing Naked short selling and normal short selling is like comparing apples with bread.
http://www.diffen.com/difference/Naked_Short_Selling_vs_Short_Selling
Now this is interesting -
https://baxleyreport.com/2017/01/12/important-short-interest-filing-whats-next-for-agritek-holdings-otcmktsagtk-after-having-more-shares-shorted/
I wonder if any of the shares from this report were borrowed from our accounts? If so, how many trading days do brokers have to replace the shorted shares they borrowed from us that now have sell orders attached? If some of us have sell orders in for our shares at much higher prices, will this result in AGTK moving up next week if our brokers have to buy them back? Guess we will find out soon enough. This doesn't sound like many shares are shorted here but at least they can't short our shares anymore (as long as we keep a high price sell order on file).
I hope more shareholders do this today. With a 3 day weekend coming for stocks, the volume will again be low today. MM's can play their games with these penny stocks. In case someone out there doesn't know what the conversation is about, here's a quick recap -
Q.: What can you do to prevent your shares holdings from being shorted?
A: Now what can the average personal investor do to stop their own shares being shorted, as believe me your own broker, if approached, WILL sell your own shares that they hold on your behalf as a nominee account.
There are two things you can do, the first is to certificate them but this is not obviously to everyone’s advantage but the alternative solution is simple. All you do is to phone your broker and put an order in saying that you wish to place your shares for sale at, for arguments sake, double today’s price. As they are 'on order' they cannot be lent out by your broker and in turn you are reducing the amount of 'free shares' out there that can be used for shorting purposes. And don't forget to move your limit order up when the price starts to recover, then, that way your shares can't be shorted - not much but helps :D.
Although an individual personal investor will not normally have enough shares to halt a concerted shorting attack, if a large number of holders did this it would reduce the overall amount of shares that they could get their hands on.
Small steps forward almost daily -
http://arstechnica.com/science/2017/01/massive-scientific-report-on-marijuana-confirms-medical-benefits/
I just googled it and it looks like he is spot on -
Q.: What can you do to prevent your shares holdings from being shorted?
A: Now what can the average personal investor do to stop their own shares being shorted, as believe me your own broker, if approached, WILL sell your own shares that they hold on your behalf as a nominee account.
There are two things you can do, the first is to certificate them but this is not obviously to everyone’s advantage but the alternative solution is simple. All you do is to phone your broker and put an order in saying that you wish to place your shares for sale at, for arguments sake, double today’s price. As they are 'on order' they cannot be lent out by your broker and in turn you are reducing the amount of 'free shares' out there that can be used for shorting purposes. And don't forget to move your limit order up when the price starts to recover, then, that way your shares can't be shorted - not much but helps :D.
Although an individual personal investor will not normally have enough shares to halt a concerted shorting attack, if a large number of holders did this it would reduce the overall amount of shares that they could get their hands on.
In my opinion well worth doing if not only for the knowledge that your own shares cannot and will not be used in a short attack against the very share that you own.
Good suggestion. I just put my order in to sell at $1.07 "Good til Cancelled". Let's see these market makers short my shares now.
Only 3.9 million shares traded (about 1/3 normal volume). Hardly everyone selling. It's only Jan 11th with a price at .0278. Just tuck your shares away for a few months and come back. We keep taking small steps forward (although the stock is slow to respond). Here's another small step forward -
http://www.usnews.com/news/national-news/articles/2017-01-11/majority-of-police-think-marijuana-laws-should-be-relaxed-survey-says
Moving forward finally -
http://fortune.com/2017/01/10/jeff-sessions-marijuana-confirmation-hearing/
Here's some early confirmation -
https://www.nytimes.com/2017/01/10/us/politics/trump-confirmation-hearings.html
I thought I was fully invested with 500000 shares but I just had another 50000 filled a couple minutes ago. I sure hope I heard right - ha.
Holy Crap!!! I've been listening to Jeff Sessions (Attorney Gen'l confirmation hearings) all freaking day. He was finally asked a few questions (3 pm) on whether he would enforce the federal laws vs the states that have legislated legal marijuana. From what I was hearing, he certainly seemed to backtrack from his previous stance. We will need confirmation but if I heard correctly, this is a HUGE buy signal. He seemed to say the federal branch didn't have the money to prosecute and he also said that congress passed the law at the federal level to make marijuana illegal and it would be up to congress now to change that. Wait for confirmation or try to obtain it on your own but if I heard correctly, mortgage the farm to buy.
Not the least bit concerned. The market makers see a chance to take out all the sell orders down to .030 and pick up a few million cheap shares. Normal shenanigans on these penney stocks. I'm here for the long haul...up to 2 years...and looking for one pop to 40 - 50 cents. It's happened twice in the past. Good day to buy around .030 if the opportunity presents itself.
That depends on your opinion of what Trump and his new Attorney General (Jeff Sessions) will do with the issue of individual states rights. Trump has stated in the past that he will leave the states alone to handle marijuana legislation. His new pick for attorney general is against marijuana legalization. If you think he cracks down on states that have voted pro legalization - Don't Buy AGTK.
If you believe he doesn't, Buy Now because this stock won't be in the 3 cent range once he or Trump comes out and says they will leave it up to individual states to decide. The industry is awaiting an opinion and may not get one until he takes office Jan 20th.
My personal opinion is he leaves it status quo - let the individual states decide. Florida was one of the swing states that pushed Trump into the presidency. 71% of their voters also voted that same night to legalize medical marijuana in Florida. Do you think he now throws those voters under the rug? Not to mention the billions of dollars that will be spent to arrest and prosecute everyone in the 28 states that have legalized marijuana already on their books or the thousands of jobs lost. Trump will have enough on his plate without going against the majority of the voters in this country who want medical marijuana legalized. My opinion only so you have to decide for yourself.
C'mon Rookie - I'm tired and have to get up for work. I don't have time to do your research -
http://learn.woahstork.com/
I don't care if there are holes in the underware. It's the contracts and contacts with other companies that will boost AGTK if Trump comes through with a hands off policy. Read from page 64 to page 84 here - https://www.joomag.com/en/newsstand/cannainvestor-magazine-november-december-2016/0759833001479178009
http://www.marketwired.com/press-release/agritek-holdings-inc-announces-joint-venture-license-unlimited-hemp-production-research-otc-pink-agtk-2158711.htm
http://www.marketwired.com/press-release/agritek-holdings-inc-announces-strategic-alliance-and-partnership-with-woahstorkcom-otc-pink-agtk-2150630.htm
Have to see what they use this new financing for. They may be gearing up for ventures in California and Florida once that legislation takes affect after the new year. Agritek mentioned this financing awhile back. This is old news but they are required to report it to the SEC. I still maintain the biggest news affecting this company will come when Trump takes office and ops his views on individual states and the marijuana legalization recently voted in. If he leaves the states alone, Agritek will move up smartly. If he and his attorney general Sessions interfere, it's not good. Florida was one of the swing states that carried Trump to victory. Florida also passed medical marijuana by over 70% vote. Do you really believe Trump will negate the will of the people in Florida who put him in office? I don't...but we will have to wait and see.
All the marijuana stocks are in a holding pattern waiting for Trump to come out with his views on legalization. Here's one view -
http://www.cnbc.com/2016/12/19/why-pot-industry-will-keep-growing-under-trump-commentary.html
AGTK just stated they are opening offices in Puerto Rico. I hope they consider Canada and Mexico also. Both countries are in the marijuana news this morning.
http://www.reuters.com/article/us-mexico-marijuana-idUSKBN143080
http://business.financialpost.com/news/agriculture/canadian-marijuana-stocks-on-a-high-after-panel-recommends-widespread-retail-sale
Well, well, well. The CEO kept his word and got the company up to date with the quarter SEC reports. Now if Trump will come out and say he will leave medical marijuana legislation up to individual states, the company could be on it's way up. I would also expect to see them get their business plan up and running over the next couple quarters and have a revenue stream begin...especially in Florida and California. Having AGTK up to date status now is a huge step. Now we need to see a few baby steps. This has a chance to be much higher a year from now.
It's well positioned in this state -
http://www.thecannabist.co/2016/12/06/2020-arcview-new-frontier-medical-marijuana-market/68850/
I'm actually just doing research on the company and just stumbled on this site so not looking for an argument - just info. I have noticed in the past that this stock has jumped to around 50 cents a couple times in the past 5 years. Some of the positives I have gathered
1- new 500k in funding
2- first orders for new hemp gum received
3-markets in Calif and Florida already in place
4 - plans for market in Puerto Rico with expanding offices there
5- expanding other products in Calif in Dec.
6- Already have a distribution system set up in Cal and Nev
7- CEO said first priority is to get the company's financials for Quarter 2 & 3 completed to reach full compliance with the SEC. The CEO stated in Oct. that q2 and q3 financials have been completed. After Friday's release of q2 financials, it appears his word is good and I would expect q3 financials forthcoming. That would put the company in full compliance. We are now in q4 that ends Dec 31st and have already been told that revenue is starting to come in.
8- Trump has stated before that he wants to keep state and federal separate. I'm hoping his attorney general (Spence) will do the same.
In conclusion, I have decided to invest in Agritek as soon as tomorrow and would like to buy while the price is still in the 3 - 4 cent range. Plan to roughly spend $10,000 over the next week and plan to hold long term.
All this information you're stating is in that quarterly report. But all this information took place from April 1, 2016 and ended June 30, 2016. We know they had no revenue 6 months ago. The story with AGTK to me is what is coming along in the next few quarters now that 7 more states legalized marijuana.
What is this SEC quarterly report filed last night?