Agritek Holdings Inc. (AGTK)

[Earl the Goat]

I'm out after 16 months of holding 175,000 shares. Missed out on all three major selling opportunities along the way. Bad decision to hold long. Not blaming Friedman or anyone else. Lack of trading savvy on my part.

Several issues have bothered me over the last year and a half.
1) Not showing any real progress in the cloud based data project (Canton leaving).
2) Chillo (describes the feeling that ran up my spine when we changed direction last year).
3) Mont Blunt (coming soon).
4) No follow up on Canada and the 800 Doctors thing.
5) 2 employees (with a 21 million $ market cap)?
6) No revenues (this really scares me. At some point you should be making some money I would think).
7) The reverse split out of nowhere.
8) The well documented 800.com shares debacle.

The Colorado land deal(s) could be the real thing. To early to tell. I've been here before.

With all of that being said, I would probably have hung tough if not for the CANN/PHOT bombshells. This could get very ugly for awhile. Reading the message boards for those two outfits scared the crap out of me. I couldn't give myself one good reason not to think that at some point (maybe soon), I could be caught in the same situation as those poor bastards.

Maybe I overreacted this morning by selling out. Time will tell. I just think it's time for me to head for the sidelines and let the dust settle.

Unless MWIP is halted by the authorities, I will reinvest. I believe that 2014 will provide ample opportunity for patient investors to make money in this facinating sector.