Takedown Entmnt Inc (TKDN) Continues To Move Higher


Shares of TAKEDOWN ENTMNT INC   (OTC:TKDN) have been moving higher over the past one month with the stock gaining more than 100% during the same period helped by newsletters and various press releases.

The stock started to moved higher since Aug 15, 2011, when it jumped about 30% on low volume of 60K shares. Then the stock consolidated for the next two weeks followed by another 25% jump in the next 7 trading sessions.

In fact so far this month, the stock has surged over 26%. On Thursday, the company announced that it had reached a Letter of Intent to acquire worldwide distribution rights to past and future MMA fights with Chicago Cagefighting Championship (CCC). On the same day, the stock made a new 52-week high of $1.24.

On Friday, the stock corrected on profit booking and ended the day with a loss of m7% on high volume of 494K shares.

This morning, the stock opened flat and now trading higher by 2.60% to $1.19 with more than 230K already traded hands in the morning session.

Just a few minutes ago, the company announced that it has signed a Letter of Intent to acquire worldwide distribution rights to past and future MMA fights with Modern Pankration, plus certain brand and sponsorship rights.

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