They just continue to hit mailboxes, trying to focus as much attention as possible to Takedown Entertainment Inc.(OTC:TKDN). For one reason or another, however, just one more session of stock price decline passes.
So, a new all-time low for TKDN, the Monday session closing at $0.30 per share. The latter happening amids another tidal wave of promotions sent throughout the session. In addition, there is the press release from Monday. The end result, however, is a 3% decrease in the share price with 449k shares exchanging hands. Furthermore, it is the very structure of the shares traded to pay attention to. The fact is that 134k shares yesterday exchanged hands as a result of short-trading activity.
With the above in mind, maybe it is justified that the price dropped way below $1, and it is still uncertain what the bottom would be. Now, on the other hand, there are these numerous announcements about Takedown entering new markets, production phase etc.
While they fail to inspire traders and reverse the negative trend on the stock market, the outcome, the financial outcome, from these announcements might be able to do so in the future. How long would it be before SEC filings include figures related to all the agreements is another matter entirely. For the moment, it is caution to be exercised when making an informed investment decision. [BANNER]