Agritek Holdings Inc. (AGTK)

[Chefboy69]

Agritek Holdings, Inc. (OTCQB:AGTK) - Formerly "Everything" And "Let's Do the Splits"

Agritek Holdings, Inc. is a Delaware Corporation. Formerly JMediSwipe, Inc., formerly Cannabis Medical Solutions, Inc., formerly Commerce Online, Inc., formerly Seraph Security, Inc., formerly Ebenefitsdirect, Inc., formerly Provo International, Inc., and formerly Frontline Communications Corp., with shares and warrants issued prior to deletion from the AMEX, a 2:3 split, a 1:200 reverse split, a 2:1 split, a 1:1,500 split, a 10:1 split, and yet another 1:10 split. This firm needs to change its name to "Formerly Split," "the splits," "the land of formerlies," or something that is more descriptive of its history. The 1-year chart for Agritek follows:



This firm has a negative working capital position, convertible notes, and, no surprise here... no revenues for 2014. A reading of its financials actually suggests that new management has innovated a technique for the elimination of revenues! Fortunately for them, they can issue convertible notes to generate some positive cash flows. I guess they plan to lease real estate to those growing marijuana. Sorry the company missed the March 2014 marijuana frenzy. Good luck on buying and holding the stock on this one