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This thing is so oversold, I can't believe how hard it's getting pushed down. I hope these sick bastards enjoy their cheap shares...
No company in this sector with assets like AGTK should be this undervalued. We're gonna see something crazy in the next 10 days for better or worse...
I'm still long. Still trying to average down.
Good luck out there.
It's probably more ambitious than that if just one 25000 sq for facility in PR could yield 6 million dollars then I imagine MF will go deeper and supply many clinics, not to mention similarly sized 30-40000 sq foot facilities are still being built out in Pueblo to satiate Colorado's appetite.
The thing a lot of people don't know about the versatility of this sector is that cultivation facilities can wield dual licensure meaning they begin growing recreational marijuana as they please. Obviously AGTK has decided not to associate itself with rec. for now due to government environment but they can and will make the switch seamlessly down the road if it yields more revenue, which it will. Once that happens, institutional investors will jump in and dispatch the red tape.
By the way... Thursday is 4/20
Expect some investor excitement :) especially if there's news next week
Found something interesting here DD
I was looking through the medical dispensaries in Puerto Rico and there's only a handful that have any public information on them online.
But I did find the website for clinica verde which is the main player over there: http://www.clinicaverdepr.com/dispensarios/
Look at the bottom of the page under Pronto ( translate to soon!) there is a location opening in Old San Juan about where Friedman was discussing meaning there's a chance that this clinica verde is the Puerto Rico partner for Agtk. This would be huge. HUGE. TRUMP HUGE.
It's exciting but as you know there is a lot of doubt on this board about the ability to convert this into real numbers, especially with our market cap trailing down. I'm excited though. In my dream world, we get an announcement about these huge weed factories every month and all of the available land is built out by end of the year
I'm not hoping for anything in the political climate unless we hear some kind of big statement about respecting states rights which I don't think we will. I'm taking my mind off political intervention helping us and just focusing on what it seems like the wolf is doing to help us.
If revenue from the last quarter is not significant then I would really like to hear more about a timeline to revenue because we definitely know we were told first half of 2017 would be soon enough for the company to capitalize.
Commercial real estate like this is a huge asset because it takes so long to approve and make sure everything is safe and looking good before it gets built.
We just have to see :)
what do we know about this stock?
Land is held in Colorado for the purpose of construction of greenhouses as a service as well as collecting monthly rent. If there is 115 acres as we've been told ready for cultivation by this month then that means the tenants should have moved in over the last couple months. If they did that they would have had to deposit a first months rent at least as well as payment for construction of the greenhouse.
As per Agritek's website the company wants to charge 45$ a sq foot to build greenhouses one time and 15$ a sq foot in rent monthly.
Let's do some math.
115 acres. 1 acre is about 45000 sq feet. 115 acres is 5,175,000 square feet. Per the website only 25% of the campus may be covered with greenhouses so for the sake of the production building rental model we will find 25% of 5,175,000 to be 1.3 million sq feet. So to build 1.3 million sq feet x 45/sq feet of greenhouse at FULL OCCUPANCY would bring in $58 million in revenue. Now that's a one time revenue source. Things get more interesting when you look at rent.
Land rental.
These same buildings when projected for monthly revenue are what's significant for this company. 1.3 million sq feet at FULL capacity paying 15$ every month is $19.5 million monthly for $234,000,000 in yearly revenue.
Between production building and land rental the most efficient business model yields about $290 million over the next year in revenue.
Obviously the company has a real opportunity wielding this land asset which is why I own this stock. If anyone can point out anything about my post that needs fine tuning I would appreciate it.
By the way the share price adjusted for $290 million in sales would be $0.64.
I'm just keeping my head down and trying to average down. I have faith in the next few months as far as share price
Did you sell? I didn't.
I will now refer to MF as The Wolf.
He is a married man who is just trying to start a business in something he loves and is profitable. New revenue is like miracle gro for penny stocks I've been told. It's still so early in the weed game, we have to be patient.
Very pleased today :)
Good bounce, everyone's waiting on first quarter results and other news these next three months. This company is just turning the corner. It's good to see it can get the volume on a Monday to turn around after a bad week too.
Good luck to you too, I have to respect the opinion of everyone on here who has skin in the game
Looking through his instagram makes me more confident than ever in AGTK. At least we now know that these places exist and aren't a fabrication. He's even in pueblo, and big deal if he likes to spend money he's made a lot of it in his time. He's a little showy but fuck it that's how old guys look on IG lol
What's his personal instagram? What's the username?
You guys I'm a big time bull on this stock short term and long term and I'm getting the vibe that not everyone here has done their basic research into what the company should be doing during this time frame. In that video from December that I posted Michael Friedman states explicitly that the company expects revenue from first quarters deposits and first month rent and even that things are happening with the Vegas facility by June which is 400000 sq ft. You guys need to look for interviews like this, along with other happenings that should be ENCOURAGING you to buy not discouraging you.
Uplifting to QB was a good sign, cleaning up the debt was a good sign, getting the yearly report up was a good sign. Just be patient.
Of course they are they don't have any revenue yet! That's what we're waiting for rookie!
Maybe you're right, maybe you're not. Investors are impatient clearly but there's no need for drastic dilution in the near future whatsoever. If the news includes a reliable and stable revenue then this thing stabilizes.
We need news ASAP to turn this thing around or else I'm going to need to keep averaging down. I expect this month to be the most responsive month from MF though as we anticipate more news from Puerto Rico, revenue from Pueblo nad the first quarter earnings. I think MF knows he needs to get moving but I also think this dip over the last week is exaggerated and impatient. I'm long.
P.S. you guys should take a look at Pueblo's marijuana cultivation code. Not very strict at all.
I don't know about you but I was excited to hear about 6 million a year from one facility in Puerto Rico which I had completely forgotten about. I'm expecting around 80 million a year from Pueblo at full capacity. Be patient. We should be 5 times higher than we are right now on speculation alone. When the first revenue report comes out that is significantly higher than previous quarters people will begin to trust the process.
ping pong around 2.40 and 2.50. There are some big time buyers in the level 2. Selling off and buying near a million shares just today. The smaller orders can't move the price like that but as long as we're around .0250 before the 10 Q then I'm happy :)
Made $67 on product sales last year!!! Lol but seriously I'm much more interested in the revenue report from the last three months or what they're gonna do this month. The spicer comments definitely threw a wrench in our big party but the price is coming back up and it feels like this thing is gaining traction.
I have definitely seen an interview with MF talking about financials specifically for the first half of this year. I'm going to look for it
Are we not expecting some financials to be released in the next month? MF stated in an interview that there were several hundred thousand dollars worth of tenant deposits that could not be reported until this quarter. In my perception of the company, trying very hard not to be naive, I would say the company waited to report financials until this quarter because the real estate portion of the company is the most crucial revenue stream for agritek.
I see what you mean with mediswipe but that company did kind of end up getting fucked by the banks on that one. I think he's just been looking for his good idea niche for a while with marijuana and he should be executing on line with county cultivation codes. Whether or not it will happen we absolutely don't know. Only that it should, so keep your positions small.
I like agritek better than the companies listed on the article. More assets and higher potential in my opinion. Can't really compete with private equity like green leaf when it comes to financing but in MF we trust. As someone else has said the share structure of the company is impressive and he has put the company in a position to start making money in the short term. And on top of all that were undervalued and have more experience in the sector. Interesting read.
Does anyone know exactly how many acres of land Agritek holds? I've seen videos where MF mentions over 400 acres of land combined, but then in recent PR's I'm told less. We could get a really good estimate of future revenue for this company in the next 6 months if we knew exactly how much land is owned and can be leased.
By the way, even for 115 acres of land to be leased, AGTK is crazy undervalued ;) That first revenue PR will be juicy.
Is anyone following what daddy rick is saying?