Agritek Holdings Inc. (AGTK)

[joejackson84]

My thoughts on the audio call-

I think MF has been working to put together stable revenue-generating income streams. I believe that the land purchases, e-cigs, and merchant processing can ALL be VERY PROFITABLE if executed correctly. And that’s where I am not as confident. Given the back and forth history they’ve had here the past 2 years it makes me wonder if he really can execute this efficiently and maximize the opportunities opening up in the MMJ sector. By back-forth I’m referring to the following:

-Move to Michigan for DMS products-never came to fruition. Now we’re moving to CO-where we should’ve been IMO.

-800 Commerce still not trading(had 6 months of complete silence on it). MF stated in that interview last Oct, “we expect it to trade any day now…”. Well its 6 months later. And according to an interview by Spartan Securities (unless I’m missing something) this should’ve BEEN trading. View it here: http://www.spartansecurities.com/forms/otcbb.pdf . Check out the last page where a Managing Partner at Spartan talks about listing time on the OTC.

-Chillo/Swiss Tea-Have yet to see/hear about those in any Whole foods, or see any real revenue there. Don’t see any significant numbers sold on Amazon/Ebay.

-What happened to Mello Meal?

-Canton was supposed to be “Mr. 800 Commerce”, now he’s just focused on MWIP and retired from the 800C board.

-No more updates on the alliance with the Marijuanadoctors.com


I don’t doubt his intentions at all, I doubt his capability. I think to make people really take a look at MWIP he needs to show true success in at least one of these ventures. Penny’s are speculative of course, but this is one that I’ve counted on constantly to jiggle between .25-.45 which has generated me some nice returns. But him trying to IMO hype up the company on that call as if they’ll be trading in the teens or something by this summer is just him blowing smoke(which he’s done a lot of in interviews I’ve noticed). Even when 800 starts trading(if they’re successful), it’ll take some time to ramp up and generate enough revenue to really make that ticker move far enough to make it seem worth the effort-even with the small float.
In any event, I’ll be watching and sticking with my 15-20cent margins…..GLTA