Agritek Holdings Inc. (AGTK)

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The only problem is, 800 Commerce will take the revenues generated by its products, the assets and the liabilities with it. We wrote in our previous article that although the proceeds from sales of products and services have increased year-over-year, a license agreement was terminated during the the second quarter of 2013 which resulted in a 23% decrease in the revenues compared to the results from the first three months of 2013. Currently, most of the proceeds are coming from the distribution of hemp infused beverages and, as you probably know, this isn’t the business plan that got so many supportive shareholders on board. Also, we mustn’t forget that investors have been disappointed in the past when members of the management team were releasing some shares on the open market which resulted in a less than impressive performance. Let’s hope that this won’t happen again and we can also keep our fingers crossed that the next financial statement will give stockholders a reason to cheer. Until then, MWIP‘s chart movement remains as unpredictable as ever.



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