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.
The assembled information distributed by headlineotc.com is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Headlineotc.com does expect that investors will buy and sell securities based on information assembled and presented herein. Headlineotc.com will not be responsible in any way for or accept any liability for any losses arising from an investor’s reliance on or use of information obtained from our website or emails. PLEASE always do your own due diligence, and consult your financial advisor.