Replies to post #73458 on Agritek Holdings Inc. (AGTK)

[moneydreamer]

WOW GREAT NEWS THE PARTY ABOUT TO START$$$$$$$$$$$$

[ramplead]

Great news, just checked it out.

[stocktivity]

Great find TyTrades. I doubt this news is out to the general public or fully understood yet. Some of these companies trade at a much higher value than Agritek. If the fund initially buys roughly an equal dollar value on each of the company shares in the fund, imagine how many shares they may buy at 3 cents each. The nice part is that those shares will be taken out of circulation and put in the fund until sold.

Marijuana industry is expected to grow from today's $6 billion to over 50 billion dollars over the next several years. This won't be the last fund set up to invest in marijuana stocks. It would be fun to know when this fund is set up and approved so we can follow the price action when they start buying.

I've been saying right along that an investment in AGTK will take time to develop. We keep taking small steps forward. It's coming.

[biotechinvest]

I read this as well last night.They have removed the 69 MMJ symbols from the original article that are participating in the submitted ETF fund, agrosphere. Too late cat is already out of the bag! Makes sense why CNB$ and OWC$ hade huge days today as they are included in the fund as well.
I believe someone here mentioned a short term target of .40 to .50 cents. I think these estimates are inevitable at this point with long term target being dollar land.

"In the filing, the ETF Managers Trust said the fund shares had been approved for listing on the NYSE Arca."

http://www.marketwatch.com/story/fund-company-files-for-first-ever-marijuana-based-etf-2017-02-16